Lake Shore Motel Redevelopment
1443 Highway 17 Little River, SC 29566
New
For Sale
Contact for pricing
As-is sale includes a closed Lake Shore motel and an owner-occupied single-family home on Highway 17.
Property Size7,486 SF
Lot Size1.65 Acres
Price / SF$200.37
Days on Market4
Property Features for 1443 Highway 17
General Information
- Standard status
- Active
- Size
- 7,486 SF
- Lot size
- 1.65 Acres
- Property subtype
- Hospitality
Listing Agency:
NAI | The Litchfield Company
(843) 241-2654
Listed By:
Max Jones · License #SC 90439
Source:
Crexi
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 2:21AM
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
Investment Insights
Based on property information with market context.
This property is approximately 1.65 acres and includes the Lake Shore motel, which has been closed for a couple of years, along with an existing single-family home currently occupied by the owners. The property is being sold as-is.
The site is located on Highway 17 and is zoned HC (Highway Commercial). While this zoning district is no longer used in Horry County, the property is grandfathered in, which allows for many uses and supports redevelopment planning.
The site is located on Highway 17 and is zoned HC (Highway Commercial). While this zoning district is no longer used in Horry County, the property is grandfathered in, which allows for many uses and supports redevelopment planning.
Key Highlights
- Approximately 1.65‑acre property on Hwy 17 in HC (Highway Commercial) zoning
- Includes the Lake Shore motel, which has been closed for a couple of years
- Includes an existing single‑family home currently occupied by the owners
Financial Insights For Hotel Hospitality
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 | $112.3k | $15.00 |
| − Vacancy | −$11.2k | −$1.50 |
| EGI | $101.1k | $13.50 |
| − OpEx | −$53.1k | −$7.09 |
| NOI | $48.0k | $6.41 |
7,486 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$685.8K
$600.1K – $800.1K
NOI $48,004 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,808 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lake Shore Motel
Hotel & Motel
Similar Off Market Nearby
- Sleep Inn Little River - North Myrtle Beach — 909 Hwy 17, Little River, SC 29566
- Enchanted Sailing Charters — 4495 Baker St, Little River, SC 29566
- Sands Resorts — 4495 Baker St, Myrtle Beach, SC 29572
- The Big M Casino — 4480 Water Front Ave, Little River, SC 29566
- Yaritza Tinoco — 3004 spring hill ct, little river, sc 29566
FAQs
What type of property is this?
Motel - As-is sale includes a closed Lake Shore motel and an owner-occupied single-family home on Highway 17.
Where is this motel located?
The property is located at 1443 Highway 17 Little River, SC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 1.65‑acre property on Hwy 17 in HC (Highway Commercial) zoning; Includes the Lake Shore motel, which has been closed for a couple of years; Includes an existing single‑family home currently occupied by the owners
