Highway Commercial Motel Redevelopment
1443 Highway 17 Little River, SC 29566
New
1443 Highway 17, Little River, SC, 29566
$1,500,000
For Sale
$1,500,000
COMMERCIAL - Little River, SC
Property Size7,486 SF
Lot Size1.65 Acres
Price / SF$200.37
Days on Market2
Property Features for 1443 Highway 17
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HC
- Standard status
- Active
- Size
- 7,486 SF
- Lot size
- 1.65 Acres
Building Details
- Floors in Building
- 1
- Number of units
- 21
Listing Agency
NAI The Litchfield Company
(843) 979-6754
Pawleys Island, SC
Listed by
Abernethy & Jones Commercial Group · License #1033
(843) 979-6754
Added: Jul 20 Checked: Jul 21 at 4:06 am
MLS# 2618091
Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property consists of 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 that is currently occupied by the owners. The sale is being offered as-is, and the site is zoned HC (Highway Commercial). The listing also notes that the HC district is no longer used in Horry County, but this property is grandfathered, allowing for many uses.
The site includes approximately 180 feet of frontage along Highway 17 and is comprised of two parcels. The property is adjacent to a large pond that may be used for stormwater management. In addition, the property includes an existing ground lease for a billboard that generates annual income.
An additional, connected 3.30-acre tract is also for sale. Combining the two properties would create an estimated 5-acre site with Highway 17 frontage.
The site includes approximately 180 feet of frontage along Highway 17 and is comprised of two parcels. The property is adjacent to a large pond that may be used for stormwater management. In addition, the property includes an existing ground lease for a billboard that generates annual income.
An additional, connected 3.30-acre tract is also for sale. Combining the two properties would create an estimated 5-acre site with Highway 17 frontage.
Key Highlights
- Approx. 1.65‑acre Hwy 17 site in HC (Highway Commercial) zoning, grandfathered for many uses.
- Includes the Lake Shore motel (closed for a couple of years) and an owner‑occupied single‑family home—sold as‑is.
- Two parcels with approx. 180 ft of frontage along Hwy 17.
Local 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
Property Profile
Location Intelligence
Current Use by Public Records
Lake Shore Motel
Hotel & Motel
Similar For Sale Nearby
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 on Highway 17 with Lake Shore motel and an owner-occupied single-family home on HC-zoned land.
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: Approx. 1.65‑acre Hwy 17 site in HC (Highway Commercial) zoning, grandfathered for many uses.; Includes the Lake Shore motel (closed for a couple of years) and an owner‑occupied single‑family home—sold as‑is.; Two parcels with approx. 180 ft of frontage along Hwy 17.
