Medical Campus with
For Sale
$3,950,000
1608 Main St., Conway, SC 29526
COMMERCIAL/INDUSTRIAL, Conway, SC
Property Size23,777 SF
Lot Size0.77 Acres
Price / SF$166.13
Days on Market32
Property Features for 1608 Main St.
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
NC
Subdivision
21B Conway central between 701 & Long Ave / north of 501
Standard status
Active
Size
23,777 SF
Lot size
0.77 Acres
Building Details
Floors in Building
1
Number of units
3
Listing Agency:
Kingston Properties
(843) 248-2402
Listed By:
Camilla Johnson Nye Smith
(843) 333-2760
Added: Sep 18
Changed: Oct 8
Last Checked: Oct 19 at 5:06AM
MLS# 2623352
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 medical campus comprises two buildings totaling 23,777 square feet. The Main Street property at 1608 Main Street contains approximately 12,525 square feet, while 1708 Oak Street has approximately 11,252 square feet. Interior areas include exam rooms, private offices, administrative space, pharmacy space, and a large auditorium or multipurpose room. A detached workshop or facility building is also part of the property. The campus is zoned NC, Neighborhood Commercial.
The two sites provide 662 feet of combined road frontage: 257 feet at the Main Street address and 405 feet at the Oak Street address. Access is available from Main Street, Oak Street, and 17th Avenue. Parking includes a private fenced area and four existing parking areas. The property sits along the Main Street corridor near historic Downtown Conway.
The two sites provide 662 feet of combined road frontage: 257 feet at the Main Street address and 405 feet at the Oak Street address. Access is available from Main Street, Oak Street, and 17th Avenue. Parking includes a private fenced area and four existing parking areas. The property sits along the Main Street corridor near historic Downtown Conway.
Key Highlights
- Two medical buildings total 23,777 square feet
- 1608 Main Street: approximately 12,525 square feet and 257 feet of road frontage
- 1708 Oak Street: approximately 11,252 square feet and 405 feet of frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$355,528
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,110,560
$7.1M
Cap Rate 7%
$5,078,971
$5.1M
Cap Rate 9%
$3,950,311
$4.0M
Market Conditions
NOI Build-Up for 23,777 SF
Gross rent
$607.7K $25.56/SF
− Vacancy
−$15.2K −$0.64/SF
EGI
$592.5K $24.92/SF
− OpEx
−$237.0K −$9.97/SF
NOI
$355.5K $14.95/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,110,560
Cap Rate 7%
$5,078,971
Cap Rate 9%
$3,950,311
Alternative Uses
Best Use
Healthcare Medical
$5.08M
$4.44M – $5.93M
NOI $355,528 @ 7.0% cap · market cap 9.00%
Second Best
Office B
$4.16M
$3.64M – $4.85M
NOI $291,030 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$6.03M
$5.27M – $7.03M
NOI $421,823 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
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Business Placement
Demographics for 29526, SC
51,403
Population
20,301
Households
2.5
Avg Household Size
40
Median Age
23%
College-Educated
89%
High-School Grad
175.0 sq mi
ZIP Area
294
Density / Sq Mi
$66,490
Median Household Income
$28,341
Median Earnings
$943
Median Rent
$232,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - Two buildings bring together clinical, administrative, and multipurpose areas for medical and professional operations.
Where is this medical center located?
The property is located at 1608 Main St. Conway, SC.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Two medical buildings total 23,777 square feet; 1608 Main Street: approximately 12,525 square feet and 257 feet of road frontage; 1708 Oak Street: approximately 11,252 square feet and 405 feet of frontage
