1740 Highmarket St., Georgetown, SC 29440

Building Details

Floors in Building 1 More

Number of units 1 More

Listing Agency: Keystone Realty MB, LLC a***@keystonecommercial.com Show Phone

Listed By: JD Yearwood · License SC #75336 Show Phone

Added: Dec 30, 2025 Changed: Oct 7 Last Checked: Nov 11 at 9:06AM

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MLS# 2600244

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 3,432-square-foot former restaurant property is located on Highmarket Street in Georgetown. The sale includes furniture, fixtures, restaurant equipment, and seating, providing a substantial collection of existing contents within the building. The property carries GC zoning and is positioned along Highmarket, identified as 521/17A.

Traffic exposure includes 17,000 AADT along Highmarket and an additional 6,100 AADT on N. Merriman. The site is at 1740 Highmarket St. in Georgetown, South Carolina, within Georgetown County.

Key Highlights

• 3,432‑square‑foot former restaurant property
• Furniture, fixtures, restaurant equipment, and seating included
• GC zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,142

Cap Rate

6.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$822,840 $822.8K

Cap Rate 7%

$587,743 $587.7K

Cap Rate 9%

$457,133 $457.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,432 SF

Gross rent

$58.5K $17.04/SF

− Vacancy

−$3.6K −$1.06/SF

EGI

$54.9K $15.98/SF

− OpEx

−$13.7K −$4.00/SF

NOI

$41.1K $11.99/SF

Area

Georgetown County, SC

Vacancy

6.20%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$822,840

Cap Rate 7%

$587,743

Cap Rate 9%

$457,133

Alternative Uses

Best Use

Specialty Retail

$587.7K

$514.3K – $685.7K (±1% cap)

NOI $41,142 @ 7.0% cap · market cap 6.58%

Second Best

Retail

$586.9K

$513.5K – $684.7K (±1% cap)

NOI $41,081 @ 7.0% cap · market cap 6.57%

Theoretical Best

Office A

$941.3K

$823.7K – $1.10M (±1% cap)

NOI $65,894 @ 7.0% cap · market cap 10.54%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

George's Restaurant Restaurant

Suggested Use

Top Pick Parking Lot & Garage Garden Center Catering Service Bakery Home Appliance Store Acupuncture

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

17,000 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

849

Businesses Nearby

76k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 47% Shops & Services 28% Groceries 13% Home Improvements & Furnishings 7%

KFC Dining

13,590 visits/mo 0.5 miles

Hardee's Dining

12,418 visits/mo 0.5 miles

Piggly Wiggly Groceries

9,871 visits/mo 0.1 miles

Burger King Dining

9,599 visits/mo 0.4 miles

Sunoco Shops & Services

5,826 visits/mo 0.0 miles

Demographics for 29440, SC

27,451

Population

13,845

Households

2

Avg Household Size

46

Median Age

23%

College-Educated

89%

High-School Grad

523.1 sq mi

ZIP Area

52

Density / Sq Mi

$54,926

Median Household Income

$33,636

Median Earnings

$912

Median Rent

$160,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Former restaurant property with furniture, fixtures, equipment, and seating included in the sale.

Where is this conventional restaurant located?

The property is located at 1740 Highmarket St. Georgetown, SC.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 3,432‑square‑foot former restaurant property; Furniture, fixtures, restaurant equipment, and seating included; GC zoning