Building Details

Floors in Building 2

Number of units 45

Architectural style Other

Listing Agency: KingOne Properties m***@kingoneproperties.com Show Phone

Listed By: Christopher Manios · License #130603 Show Phone

Added: Mar 25 Changed: Oct 6 Last Checked: Oct 6 at 5:06PM

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MLS# 2610844

Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This approximately 45-room hotel occupies a 21,098-square-foot property on 3.84 acres along the Waccamaw River. Guest rooms have been updated and include microwaves, refrigerators, flat-screen televisions, and wireless internet. The property also provides complimentary breakfast and on-site parking.

Located at 1004 Waccamaw Drive in Conway, the hotel sits just off Highway 501 and is positioned near downtown Conway, Coastal Carolina University, Myrtle Beach, and the Grand Strand tourism corridor. The property is zoned HC and combines lodging improvements with a riverfront setting and access to the surrounding regional destinations.

Key Highlights

• Approximately 45‑room hotel on 3.84 acres
• 21,098‑square‑foot hotel property along the Waccamaw River
• Updated guest rooms with microwaves, refrigerators, and flat‑screen televisions

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$135,291

Cap Rate

4.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,705,820 $2.7M

Cap Rate 7%

$1,932,729 $1.9M

Cap Rate 9%

$1,503,233 $1.5M

Market Conditions

NOI Build-Up for 21,098 SF

Gross rent

$316.5K $15.00/SF

− Vacancy

−$31.6K −$1.50/SF

EGI

$284.8K $13.50/SF

− OpEx

−$149.5K −$7.09/SF

NOI

$135.3K $6.41/SF

Area

Horry County, SC

Vacancy

10.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,705,820

Cap Rate 7%

$1,932,729

Cap Rate 9%

$1,503,233

Alternative Uses

Best Use

Hotel Hospitality

$1.93M

$1.69M – $2.25M (±1% cap)

NOI $135,291 @ 7.0% cap · market cap 4.92%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$5.35M

$4.68M – $6.24M (±1% cap)

NOI $374,295 @ 7.0% cap · market cap 13.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

SureStay Hotel by ... Hotel & Motel Riverfront Inn Conway Hotel & Motel Glacier Dog Chew (Bike/Boat/Book/etc) Store Sure Stay by ... Hotel & Motel

Suggested Use

Top Pick HVAC Service Electrical Service Auto Parts Store Storage Facility Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

54

Businesses Nearby

Explore this area Business Placement

Demographics for 29526, SC

51,403

Population

20,301

Households

2.5

Avg Household Size

40

Median Age

23%

College-Educated

89%

High-School Grad

175.0 sq mi

ZIP Area

294

Density / Sq Mi

$66,490

Median Household Income

$28,341

Median Earnings

$943

Median Rent

$232,100

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this hotels located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Hotel - Hotel property with updated guest rooms, breakfast service, wireless internet, and on-site parking.

Where is this hotel located?

The property is located at 1004 Waccamaw Dr. Conway, SC.

What is the asking price?

The asking price for this property is $2,749,000.

What are key features of this property?

This property features: Approximately 45‑room hotel on 3.84 acres; 21,098‑square‑foot hotel property along the Waccamaw River; Updated guest rooms with microwaves, refrigerators, and flat‑screen televisions