Two-Story Day Care
For Sale
$849,000
402 16th Ave. S, Myrtle Beach, SC 29577
COMMERCIAL/INDUSTRIAL, Myrtle Beach, SC
Property Size3,400 SF
Lot Size0.28 Acres
Price / SF$249.71
Days on Market47
Property Features for 402 16th Ave. S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU-H
Exterior features
Outside Storage
Subdivision
16G Myrtle Beach Area--Southern Limit to 10TH Ave N
Standard status
Active
Size
3,400 SF
Lot size
0.28 Acres
Additional Details
Currently Operating
Yes
Amenities
interior activity areas
covered porches
fenced outdoor spaces
mature trees
koi pond
outdoor storage building
garage
Building Details
Floors in Building
2
Number of units
1
Additional Structures
Storage
Listing Agency:
REMAX Southern Shores · RE/MAX International
(843) 839-0200
Listed By:
Tatiana Sheffer · License #7791
(843) 655-2882
Added: Sep 17
Changed: Oct 29
Last Checked: Nov 2 at 2:06AM
MLS# 2623044
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 two-story day care property includes approximately 3,400 heated square feet and approximately 6,000 total square feet under roof. The layout provides multiple activity areas, covered porches, and fenced outdoor areas shaded by mature trees. A koi pond extends along one side of the property, while an outdoor storage building and garage add functional utility. The site encompasses 0.28 acres.
Located at 402 16th Avenue South in Myrtle Beach, the property is approximately one block from the beach and positioned between Ocean Boulevard and Business 17. Hotels, restaurants, shopping, and area attractions are nearby. MU-H, or Mixed Use-High Density, zoning allows consideration of multifamily, office, retail, salon, and bed-and-breakfast uses, along with redevelopment, subject to applicable city requirements and approvals.
Located at 402 16th Avenue South in Myrtle Beach, the property is approximately one block from the beach and positioned between Ocean Boulevard and Business 17. Hotels, restaurants, shopping, and area attractions are nearby. MU-H, or Mixed Use-High Density, zoning allows consideration of multifamily, office, retail, salon, and bed-and-breakfast uses, along with redevelopment, subject to applicable city requirements and approvals.
Key Highlights
- Approximately 3,400 heated SF and 6,000 total SF under roof
- 0.28‑acre site at 402 16th Avenue South, Myrtle Beach, SC 29577
- Approximately one block from the beach, between Ocean Boulevard and Business 17
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,146
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,920
$862.9K
Cap Rate 7%
$616,371
$616.4K
Cap Rate 9%
$479,400
$479.4K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$73.4K $21.60/SF
− Vacancy
−$4.4K −$1.30/SF
EGI
$69.0K $20.30/SF
− OpEx
−$25.9K −$7.61/SF
NOI
$43.1K $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%
$862,920
Cap Rate 7%
$616,371
Cap Rate 9%
$479,400
Alternative Uses
Best Use
Mixed Use
$616.4K
$539.3K – $719.1K
NOI $43,146 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$861.7K
$754.0K – $1.01M
NOI $60,319 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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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Similar Off Market Nearby
- Wee Care Day School & Camp — 2103 Rosemary St B, Myrtle Beach, SC 29577
- Cutie Pies Daycare Center — 328 Williams St, Myrtle Beach, SC 29577
Frequently Asked Questions
What type of property is this?
Day care center - MU-H zoning supports commercial and multifamily-oriented reuse, subject to applicable city requirements and approvals.
Where is this day care center located?
The property is located at 402 16th Ave. S Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Approximately 3,400 heated SF and 6,000 total SF under roof; 0.28‑acre site at 402 16th Avenue South, Myrtle Beach, SC 29577; Approximately one block from the beach, between Ocean Boulevard and Business 17
