Retail and Tavern Complex with
1530 Highway 17 Little River, SC 29566
1530 Highway 17, Little River, SC, 29566
$1,500,000
For Sale
$1,500,000
Multi-building complex with heated retail space, a bar restaurant, and a 3-bed farm house on 160 feet of Highway 17 frontage.
Property Size6,000 SF
Price / SF$250
Days on Market13
Property Features for 1530 Highway 17
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Commercial
Listing agency
CB Sea Coast Commercial
(843) 712-2721
Listed by
John Draughn () · License #8683
Source
Beachandforestrealty
Added: Jul 9 Updated: Jul 21 at 3:23AM Checked: Jul 21 at 3:23AM
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 multi-building complex includes a main building with heated commercial retail space totaling 5,500 square feet, within a total property size of 6,000 square feet. The second building operates as Star Tavern, a local bar and restaurant. A third building on-site is described as a charming 3-bedroom, 2-bath farm house.
The property is located in the heart of the Little River commercial district and features 160 feet of Highway 17 frontage. Public remarks also note excellent visibility and access for the site.
Overall, the asset is configured as a small commercial package combining retail and restaurant space with an additional residential component.
The property is located in the heart of the Little River commercial district and features 160 feet of Highway 17 frontage. Public remarks also note excellent visibility and access for the site.
Overall, the asset is configured as a small commercial package combining retail and restaurant space with an additional residential component.
Key Highlights
- Multi‑building complex totaling 6,000 SF, with 5,500 SF of heated commercial retail space.
- Second building is Star Tavern, a bar restaurant included in the multi‑building property.
- Third building is a 3‑bedroom, 2‑bath farm house.
Local Financial Insights For Specialty Retail
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 | $135.4k | $22.56 |
| − Vacancy | −$3.4k | −$0.56 |
| EGI | $132.0k | $22.00 |
| − OpEx | −$33.0k | −$5.50 |
| NOI | $99.0k | $16.50 |
6,000 SF · lease $22.56/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,982 @ 7.0% cap · market cap 6.60%
Second Best
Retail
$1.25M
$1.09M – $1.46M
NOI $87,469 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,445 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Country Rooster
Department Store
Similar For Sale Nearby
Similar Off Market Nearby
- Florist Little River Flowers — little river, sc 29566
FAQs
What type of property is this?
Storefront property - Multi-building complex with heated retail space, a bar restaurant, and a 3-bed farm house on 160 feet of Highway 17 frontage.
Where is this storefront property located?
The property is located at 1530 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: Multi‑building complex totaling 6,000 SF, with 5,500 SF of heated commercial retail space.; Second building is Star Tavern, a bar restaurant included in the multi‑building property.; Third building is a 3‑bedroom, 2‑bath farm house.
