Leased Office Building on
14319 Ocean Hwy Pawleys Island, SC 29585
14319 Ocean Hwy, Pawleys Island, SC, 29585
$2,000,000
For Sale
$2,000,000
Income-producing office building with a current lease, well-maintained interior and exterior, and updated HVAC systems.
Property Size6,768 SF
Price / SF$295.51
Days on Market91
Property Features for 14319 Ocean Hwy
General Information
- Standard status
- Active
- Size
- 6,768 SF
Listing agency
CB Sea Coast Commercial
(843) 251-2129
Listed by
Gary Roberts · License #24618
(843) 251-2129
Source
Exprealty
Added: Apr 23 Updated: Jul 22 at 1:59PM Checked: Jul 22 at 1:59PM
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 leased office building is designed for ongoing occupancy, featuring high ceilings, a well-maintained interior and exterior, and updated HVAC systems. The property is positioned to capture daily visibility along a heavily traveled US-17 corridor.
Located at 14319 Ocean Hwy in Pawleys Island, South Carolina, the site is oriented for both northbound and southbound traffic between Georgetown, Pawleys Island, Murrells Inlet, Myrtle Beach, and Charleston. The surrounding area includes nearby commercial activity such as a business and commerce park and a multi-tenant commercial complex.
The property’s setting includes a pond feature that provides a distinctive site element compared with other Highway 17 offerings.
Located at 14319 Ocean Hwy in Pawleys Island, South Carolina, the site is oriented for both northbound and southbound traffic between Georgetown, Pawleys Island, Murrells Inlet, Myrtle Beach, and Charleston. The surrounding area includes nearby commercial activity such as a business and commerce park and a multi-tenant commercial complex.
The property’s setting includes a pond feature that provides a distinctive site element compared with other Highway 17 offerings.
Key Highlights
- Income‑producing office building on the highly traveled US‑17 corridor in Pawleys Island, SC
- Current lease in place for immediate occupancy and income
- Updated HVAC systems plus well‑maintained interior and exterior
Local Financial Insights For Office B
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 | $162.4k | $24.00 |
| − Vacancy | −$35.7k | −$5.28 |
| EGI | $126.7k | $18.72 |
| − OpEx | −$31.7k | −$4.68 |
| NOI | $95.0k | $14.04 |
6,768 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.58M
NOI $95,023 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,946 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Income-producing office building with a current lease, well-maintained interior and exterior, and updated HVAC systems.
Where is this office building located?
The property is located at 14319 Ocean Hwy Pawleys Island, SC.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Income‑producing office building on the highly traveled US‑17 corridor in Pawleys Island, SC; Current lease in place for immediate occupancy and income; Updated HVAC systems plus well‑maintained interior and exterior
