Restaurant with Outdoor
3916 Highway 17 Business, Murrells Inlet, SC 29576
For Sale
Contact for pricing
Kitchen and bar infrastructure, upgraded restrooms, and an outdoor service window support food-and-beverage operations.
Property Size6,500 SF
Lot Size0.83 Acres
Price / SF$2.00
Days on Market32
Property Features for 3916 Highway 17 Business
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Restaurant
Commercial Hood
Patio
Additional Details
Sprinkler System
Amenities
green space
Building Details
Year Renovated
Listing Agency:
NAI The Litchfield Company
Listed By:
Abernethy & Jones Commercial Group · License #1033
(843) 979-6754
Source:
Navigaterealty
Added: Oct 7
Changed: Nov 6
Last Checked: Nov 6 at 3:09PM
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 NAI The Litchfield Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 6,500-square-foot restaurant and bar occupies 0.83 acres and includes a commercial kitchen with an 8-foot hood, a plumbed bar, and fire suppression throughout. Improvements completed in 2025 also include ADA-compliant restrooms and HVAC work. Outdoor seating is served by a window with direct access to the bar, complementing the indoor dining area and allowing for indoor-outdoor service.
The property fronts Highway 17 Business in Murrells Inlet and is within walking distance of the Murrells Inlet MarshWalk. Signage, on-site parking, and green space are additional site features. The existing restaurant and bar layout may suit a food-and-beverage or hospitality operation.
The property fronts Highway 17 Business in Murrells Inlet and is within walking distance of the Murrells Inlet MarshWalk. Signage, on-site parking, and green space are additional site features. The existing restaurant and bar layout may suit a food-and-beverage or hospitality operation.
Key Highlights
- 6,500‑square‑foot restaurant and bar on 0.83 acres
- Commercial kitchen with an 8‑foot hood and plumbed bar
- 2025 improvements include fire suppression, ADA‑compliant restrooms, and HVAC work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,231
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,144,620
$2.1M
Cap Rate 7%
$1,531,871
$1.5M
Cap Rate 9%
$1,191,456
$1.2M
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$146.6K $22.56/SF
− Vacancy
−$3.7K −$0.56/SF
EGI
$143.0K $22.00/SF
− OpEx
−$35.7K −$5.50/SF
NOI
$107.2K $16.50/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,144,620
Cap Rate 7%
$1,531,871
Cap Rate 9%
$1,191,456
Alternative Uses
Best Use
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,231 @ 7.0% cap · market cap 824.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,315 @ 7.0% cap · market cap 887.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29576, SC
32,476
Population
22,097
Households
1.5
Avg Household Size
61
Median Age
32%
College-Educated
96%
High-School Grad
30.5 sq mi
ZIP Area
1,065
Density / Sq Mi
$70,343
Median Household Income
$36,352
Median Earnings
$1,467
Median Rent
$315,700
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Horry County, SC
Properties on Market for Conventional restaurants in Horry County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Kitchen and bar infrastructure, upgraded restrooms, and an outdoor service window support food-and-beverage operations.
Where is this conventional restaurant located?
The property is located at 3916 Highway 17 Business Murrells Inlet, SC.
What are key features of this property?
This property features: 6,500‑square‑foot restaurant and bar on 0.83 acres; Commercial kitchen with an 8‑foot hood and plumbed bar; 2025 improvements include fire suppression, ADA‑compliant restrooms, and HVAC work
