Retail Building with Rear Roll-Up
533 Broadway St. Myrtle Beach, SC 29577
533 Broadway St., Myrtle Beach, SC, 29577
$525,000
For Sale
$525,000
Building-only offering with a rear roll-up door and 2,500 heated sq ft, with a tenant currently in place.
Property Size2,500 SF
Price / SF$210
Days on Market520
Property Features for 533 Broadway St.
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1957
Listing agency
(843) 267-3712
Listed by
Beachfront Properties
(843) 267-3712
Source
Xome
Added: Feb 16, 2025 Updated: Jul 21 at 6:50PM Checked: Jul 21 at 6:50PM
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 Beachfront Properties
Investment Insights
Based on property information with market context.
This is a building-only retail opportunity with a tenant currently in place. The property contains 2,500 heated square feet and includes a roll-up door in the rear, providing direct access for deliveries and service needs.
The building is described as being located in the Historical Broadway Street District, with the future Kings Highway Corridor and the NEW Arts & Innovation District referenced in the marketing materials.
For buyers looking at a straightforward “building only” ownership structure, this asset is positioned as an income-producing retail property with existing tenancy and a functional rear roll-up door for operations.
The building is described as being located in the Historical Broadway Street District, with the future Kings Highway Corridor and the NEW Arts & Innovation District referenced in the marketing materials.
For buyers looking at a straightforward “building only” ownership structure, this asset is positioned as an income-producing retail property with existing tenancy and a functional rear roll-up door for operations.
Key Highlights
- Building‑only commercial offering with 2,500 heated SF
- Rear roll‑up door for access
- Handicapped access and extra storage included
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.4k | $21.36 |
| − Vacancy | −$1.3k | −$0.53 |
| EGI | $52.1k | $20.83 |
| − OpEx | −$15.6k | −$6.25 |
| NOI | $36.4k | $14.58 |
2,500 SF · lease $21.36/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$520.7K
$455.6K – $607.4K
NOI $36,446 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$633.6K
$554.4K – $739.2K
NOI $44,352 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Island Vibez Cafe ...
Restaurant
Island Vibes
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- La Zelle's Flower Shop — 101 Broadway St, Myrtle Beach, SC 29577
- Ocean View Funeral Home and Beach Crematory — 1212 Carver St, Myrtle Beach, SC 29577
FAQs
What type of property is this?
Storefront property - Building-only offering with a rear roll-up door and 2,500 heated sq ft, with a tenant currently in place.
Where is this storefront property located?
The property is located at 533 Broadway St. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Building‑only commercial offering with 2,500 heated SF; Rear roll‑up door for access; Handicapped access and extra storage included
