Two-Unit In-Line Retail
For Sale
Contact for pricing
10729 Ocean Highway Unit B & C, Pawleys Island, SC 29585
At a dining and shopping center, the units can be occupied together or leased separately.
Property Size2,006 SF
Price / SF$2.67
Days on Market18
Property Features for 10729 Ocean Highway Unit B & C
General Information
Standard status
Active
Size
2,006 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Listing Agency:
NAI The Litchfield Company
Listed By:
Holly Kincaid
(843) 979-6754
Source:
Navigaterealty
Added: Oct 13
Changed: Oct 30
Last Checked: Oct 30 at 2:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI The Litchfield Company
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Investment Insights
Based on property information with market context.
Units B and C comprise 2,006 SF of in-line retail space at Downtown Pawleys, with the option to lease them as a combined space or individually. Unit B contains 923 SF, while Unit C contains 1,083 SF. A five-year minimum lease term applies, and a tenant improvement allowance is available.
The center is at the corner of Ocean Highway (Hwy 17) and Professional Lane, in Pawleys Island. Bistro 217 and Rustic Table are identified as center anchors, with the units situated in front of Bistro 217. Restaurants and shops in the center contribute to its foot traffic.
The center is at the corner of Ocean Highway (Hwy 17) and Professional Lane, in Pawleys Island. Bistro 217 and Rustic Table are identified as center anchors, with the units situated in front of Bistro 217. Restaurants and shops in the center contribute to its foot traffic.
Key Highlights
- Combined area of 2,006 SF; Unit B is 923 SF and Unit C is 1,083 SF
- Two in‑line units available together or individually
- Corner location at Ocean Highway (Hwy 17) and Professional Lane
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,012
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,240
$480.2K
Cap Rate 7%
$343,029
$343.0K
Cap Rate 9%
$266,800
$266.8K
Market Conditions
NOI Build-Up for 2,006 SF
Gross rent
$36.1K $18.00/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$34.3K $17.10/SF
− OpEx
−$10.3K −$5.13/SF
NOI
$24.0K $11.97/SF
Area
Georgetown County, SC
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,240
Cap Rate 7%
$343,029
Cap Rate 9%
$266,800
Alternative Uses
Best Use
Retail
$343.0K
$300.2K – $400.2K
NOI $24,012 @ 7.0% cap · market cap 448.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$550.2K
$481.4K – $641.9K
NOI $38,515 @ 7.0% cap · market cap 720.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
Explore this area
Business Placement
Demographics for 29585, SC
16,574
Population
12,061
Households
1.4
Avg Household Size
60
Median Age
50%
College-Educated
96%
High-School Grad
61.8 sq mi
ZIP Area
268
Density / Sq Mi
$83,077
Median Household Income
$42,237
Median Earnings
$1,599
Median Rent
$423,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - At a dining and shopping center, the units can be occupied together or leased separately.
Where is this retail space located?
The property is located at 10729 Ocean Highway Unit B & C Pawleys Island, SC.
What are key features of this property?
This property features: Combined area of 2,006 SF; Unit B is 923 SF and Unit C is 1,083 SF; Two in‑line units available together or individually; Corner location at Ocean Highway (Hwy 17) and Professional Lane
