Asian Grocery Store with
For Sale
$2,995,000
901 Highway 17 North Unit Fudi Mart, Surfside Beach, SC 29575
For-sale grocery retail building with a 17-foot double-sided hood and multiple walk-in refrigeration units.
Property Size8,260 SF
Lot Size1.41 Acres
Price / SF$362.59
Days on Market48
Property Features for 901 Highway 17 North Unit Fudi Mart
General Information
Standard status
Active
Size
8,260 SF
Total Parking Spaces
65
Lot size
1.41 Acres
Property subtype
Commercial
Zoning
C-1
Site & Location
Traffic Count
25,100 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Commercial Hood
Yes
Building Details
Year Built
1980
Listing Agency:
CB Sea Coast Commercial
(843) 712-2721
Listed By:
Lui Cheng () · License #86541
Source:
Beachandforestrealty
Added: Jun 27
Changed: Aug 8
Last Checked: Aug 12 at 7:06AM
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 CB Sea Coast Commercial
Investment Insights
Based on property information with market context.
This for-sale grocery and retail building totals approximately 8,260 square feet on about 1.41 acres. The property is configured for grocery retail operations, with retail displays and in-store grocery coolers and freezers. On the kitchen side, the building includes a 17-foot double-sided hood, along with two walk-in coolers and a 10x14 walk-in freezer. Horry County has certified an occupancy of 285, and the listed building square footage is approximate and should be verified by the buyer.
The site is located at a corner position along Highway 17 and 10th Ave N., with approximately 302 feet of frontage on Highway 17. The property is described as being in the heart of Surfside Beach, surrounded by a densely populated residential neighborhood and nearby shopping centers, and also near Myrtle Beach Camp Ground and Ocean Lakes Camp Ground. Average daily traffic is listed at 25,100 vehicles per day based on SCDOT-2021 data.
For a buyer or operator seeking an established grocery-format retail space, the existing refrigeration and hood equipment support continued food service and merchandising in a purpose-built setting. The combination of Highway 17 frontage and the corner location can be useful for visibility and customer access, while the certified occupancy provides a measurable starting point for operations. Buyer is responsible for verification of all information, including square footage.
The site is located at a corner position along Highway 17 and 10th Ave N., with approximately 302 feet of frontage on Highway 17. The property is described as being in the heart of Surfside Beach, surrounded by a densely populated residential neighborhood and nearby shopping centers, and also near Myrtle Beach Camp Ground and Ocean Lakes Camp Ground. Average daily traffic is listed at 25,100 vehicles per day based on SCDOT-2021 data.
For a buyer or operator seeking an established grocery-format retail space, the existing refrigeration and hood equipment support continued food service and merchandising in a purpose-built setting. The combination of Highway 17 frontage and the corner location can be useful for visibility and customer access, while the certified occupancy provides a measurable starting point for operations. Buyer is responsible for verification of all information, including square footage.
Key Highlights
- 8,260 SF grocery retail building on 1.41 acres (square footage approximate; buyer to verify).
- Corner location on Hwy 17 and 10th Ave N. with approximately 302 ft of Hwy 17 frontage.
- Horry County certified 285 occupancy; year built 1980.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$136,265
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,725,300
$2.7M
Cap Rate 7%
$1,946,643
$1.9M
Cap Rate 9%
$1,514,056
$1.5M
Market Conditions
NOI Build-Up for 8,260 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$186.3K $22.56/SF
− Vacancy
−$4.7K −$0.56/SF
EGI
$181.7K $22.00/SF
− OpEx
−$45.4K −$5.50/SF
NOI
$136.3K $16.50/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,725,300
Cap Rate 7%
$1,946,643
Cap Rate 9%
$1,514,056
Alternative Uses
Best Use
Specialty Retail
$1.95M
$1.70M – $2.27M
NOI $136,265 @ 7.0% cap · market cap 4.55%
Second Best
Retail
$1.72M
$1.51M – $2.01M
NOI $120,416 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,539 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,100 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
94k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Apparel 15%
Dining 15%
Groceries 11%
Bealls
Apparel
14,112 visits/mo
0.5 miles
Circle K
Shops & Services
13,036 visits/mo
0.1 miles
Shell
Shops & Services
10,557 visits/mo
0.4 miles
Piggly Wiggly
Groceries
10,311 visits/mo
0.4 miles
Dollar Tree
Shops & Services
10,082 visits/mo
0.5 miles
Demographics for 29575, SC
18,135
Population
16,761
Households
1.1
Avg Household Size
57
Median Age
33%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
1,778
Density / Sq Mi
$72,029
Median Household Income
$38,182
Median Earnings
$1,234
Median Rent
$278,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Piggly Wiggly — 122 US-17 BUS, Surfside Beach, SC 29575
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - For-sale grocery retail building with a 17-foot double-sided hood and multiple walk-in refrigeration units.
Where is this grocery and convenience store located?
The property is located at 901 Highway 17 North Unit Fudi Mart Surfside Beach, SC.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 8,260 SF grocery retail building on 1.41 acres (square footage approximate; buyer to verify).; Corner location on Hwy 17 and 10th Ave N. with approximately 302 ft of Hwy 17 frontage.; Horry County certified 285 occupancy; year built 1980.
