Lake Shore Motel Redevelopment
For Sale
$1,400,000
1443 Highway 17, Little River, SC 29566
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$187.02
Days on Market93
Property Features for 1443 Highway 17
General Information
Standard status
Active
Size
7,486 SF
Lot size
1.65 Acres
Zoning
HC
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
NAI The Litchfield Company
Listed By:
Abernethy & Jones Commercial Group · License #1033
(843) 979-6754
Source:
Edgarwilson
Added: Jul 23
Changed: Oct 8
Last Checked: Oct 23 at 6:49AM
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.
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
Estimated NOI and Cap Rate
NOI / Yr
$48,004
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,080
$960.1K
Cap Rate 7%
$685,771
$685.8K
Cap Rate 9%
$533,378
$533.4K
Market Conditions
NOI Build-Up for 7,486 SF
Gross rent
$112.3K $15.00/SF
− Vacancy
−$11.2K −$1.50/SF
EGI
$101.1K $13.50/SF
− OpEx
−$53.1K −$7.09/SF
NOI
$48.0K $6.41/SF
Area
Horry County, SC
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,080
Cap Rate 7%
$685,771
Cap Rate 9%
$533,378
Alternative Uses
Best Use
Hotel Hospitality
$685.8K
$600.1K – $800.1K
NOI $48,004 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,808 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29566, SC
21,792
Population
13,437
Households
1.6
Avg Household Size
58
Median Age
25%
College-Educated
92%
High-School Grad
32.4 sq mi
ZIP Area
673
Density / Sq Mi
$63,358
Median Household Income
$36,579
Median Earnings
$1,488
Median Rent
$275,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
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- Sleep Inn Little River - North Myrtle Beach — 909 Hwy 17, Little River, SC 29566
- The Big M Casino — 4480 Water Front Ave, Little River, SC 29566
- Yaritza Tinoco — 3004 spring hill ct, little river, sc 29566
Frequently Asked Questions
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 $1,400,000.
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
