Mixed-Use Townhome with Commercial
New
For Sale
$649,900
2798 Howard Ave., Myrtle Beach, SC 29577
COMMERCIAL/INDUSTRIAL, Myrtle Beach, SC
Property Size1,939 SF
Lot Size0.03 Acres
Price / SF$335.17
Days on Market1
Property Features for 2798 Howard Ave.
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Mixed Use
Exterior features
Fire Alarm, Fire Walls, Kitchen Facility, Living Quarters, Restrooms - Private, Restrooms - Public, Sellers Disclosure, Sprinkler System
Subdivision
The Market Common
Standard status
Active
Size
1,939 SF
Lot size
0.03 Acres
Additional Details
Mixed-Use Components
commercial, residential
Building Details
Floors in Building
3
Number of units
1
Buildings
1
Listing Agency:
Century 21 Barefoot Realty · Century 21 Real Estate
(843) 390-2121
Listed By:
The Mills Group Team
(843) 252-0847
Added: Oct 23
Last Checked: Oct 23 at 10:06PM
MLS# 2625958
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 1,939-square-foot mixed-use townhome combines a ground-level commercial or flex area with residential space above. The first floor includes a full bathroom and receives natural light, while the upper residence has three bedrooms and four bathrooms overall. Residential features include an open kitchen with granite counters, stainless steel appliances, ample cabinetry and a waterfall island, along with connected dining and living areas. A fenced backyard extends the usable outdoor space.
The property fronts Howard Avenue at 2798 Howard Ave. in Myrtle Beach’s Market Common area. Dining, shops, coffee businesses, parks, entertainment and community events are nearby, and the Atlantic Ocean is less than a mile away. The site measures 0.03 acres and is zoned Mixed Use.
The property fronts Howard Avenue at 2798 Howard Ave. in Myrtle Beach’s Market Common area. Dining, shops, coffee businesses, parks, entertainment and community events are nearby, and the Atlantic Ocean is less than a mile away. The site measures 0.03 acres and is zoned Mixed Use.
Key Highlights
- 1,939‑square‑foot mixed‑use townhome on a 0.03‑acre site
- Ground‑floor commercial/flex area with full bathroom and natural light
- Howard Avenue frontage at 2798 Howard Ave., Myrtle Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,606
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,120
$492.1K
Cap Rate 7%
$351,514
$351.5K
Cap Rate 9%
$273,400
$273.4K
Market Conditions
NOI Build-Up for 1,939 SF
Gross rent
$41.9K $21.60/SF
− Vacancy
−$2.5K −$1.30/SF
EGI
$39.4K $20.30/SF
− OpEx
−$14.8K −$7.61/SF
NOI
$24.6K $12.69/SF
Area
Horry County, SC
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,120
Cap Rate 7%
$351,514
Cap Rate 9%
$273,400
Alternative Uses
Best Use
Mixed Use
$351.5K
$307.6K – $410.1K
NOI $24,606 @ 7.0% cap · market cap 3.79%
Second Best
Office B
$339.0K
$296.7K – $395.6K
NOI $23,733 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$491.4K
$430.0K – $573.3K
NOI $34,399 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
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Business Placement
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-facing ground-floor flex area sits beneath a three-bedroom residence with a fenced outdoor area.
Where is this mixed-use property located?
The property is located at 2798 Howard Ave. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 1,939‑square‑foot mixed‑use townhome on a 0.03‑acre site; Ground‑floor commercial/flex area with full bathroom and natural light; Howard Avenue frontage at 2798 Howard Ave., Myrtle Beach
