Building Details

Floors in Building 1

Number of units 21

Listing Agency: NAI The Litchfield Company n***@thelitchfielcompany.com

Listed By: Abernethy & Jones Commercial Group Show Phone

Added: Jul 20 Changed: Oct 8 Last Checked: Oct 20 at 6:06AM

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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.

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Investment Insights

Based on property information with market context.

This 1.65-acre Highway Commercial property comprises two parcels with an existing Lake Shore motel and a single-family residence occupied by the owners. The motel has been closed for a couple of years, and the property is offered in its current as-is condition. The reported property size is 7,486 square feet.

The site fronts Highway 17 for approximately 180 feet in Little River. HC zoning is grandfathered on the property, and the assemblage includes an existing ground lease for a billboard that produces annual income. A large pond adjoins the site and could potentially support stormwater management. A connected 3.30-acre tract is also available, providing an option to combine the parcels into an estimated 5-acre Highway 17 frontage site.

Key Highlights

• 1.65‑acre Highway 17 property comprising two parcels
• Approximately 180 feet of frontage along Highway 17
• Grandfathered HC (Highway Commercial) zoning

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

NOI $132,808 @ 7.0% cap · market cap 9.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Lake Shore Motel Hotel & Motel

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Dental Office Auto Parts Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

395

Businesses Nearby

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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Frequently Asked Questions

What type of property is this?

Commercial land - Two-parcel Highway 17 property with an existing motel, residence, billboard lease, and redevelopment-oriented commercial zoning.

Where is this commercial land 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: 1.65‑acre Highway 17 property comprising two parcels; Approximately 180 feet of frontage along Highway 17; Grandfathered HC (Highway Commercial) zoning