Freestanding Storefront with Two
508 N Kings Hwy., Myrtle Beach, SC 29577
For Sale
$1,695,000
COMMERCIAL/INDUSTRIAL, Myrtle Beach, SC
Property Size5,400 SF
Lot Size0.46 Acres
Price / SF$313.89
Days on Market47
Property Features for 508 N Kings Hwy.
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
Size
Lot size
Amenities
road side signage
Building Details
Floors in Building
Number of units
Listing Agency:
Keystone Realty MB, LLC
(843) 626-3400
Listed By:
Curry Martin · License ##62256
(843) 957-5961
Added: Sep 24
Changed: Oct 21
Last Checked: Nov 9 at 3:06AM
MLS# 2623635
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 freestanding storefront contains two suites: Unit A measures 3,000 square feet, while Unit B offers 2,400 square feet. The spaces can operate separately or be joined into a single 5,400-square-foot layout. Recent work includes a roof replacement, two new 5-ton HVAC units, and interior and exterior improvements; Unit A has an updated interior.
Located on King's Highway in Myrtle Beach, the property has two curb cuts and roadside signage. MU-H zoning applies.
Located on King's Highway in Myrtle Beach, the property has two curb cuts and roadside signage. MU-H zoning applies.
Key Highlights
- Two suites: 3,000 square feet and 2,400 square feet; can combine for 5,400 square feet
- Two new 5‑ton HVAC units and a new roof
- Two curb cuts along King's Highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,722
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,574,440
$1.6M
Cap Rate 7%
$1,124,600
$1.1M
Cap Rate 9%
$874,689
$874.7K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$115.3K $21.36/SF
− Vacancy
−$2.9K −$0.53/SF
EGI
$112.5K $20.83/SF
− OpEx
−$33.7K −$6.25/SF
NOI
$78.7K $14.58/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,574,440
Cap Rate 7%
$1,124,600
Cap Rate 9%
$874,689
Alternative Uses
Best Use
Retail
$1.12M
$984.0K – $1.31M
NOI $78,722 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,800 @ 7.0% cap · market cap 5.65%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
32k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 27%
Home Improvements & Furnishings 2%
Exxon
Shops & Services
6,342 visits/mo
0.4 miles
Waffle House
Dining
5,460 visits/mo
0.3 miles
Dollar General
Shops & Services
5,229 visits/mo
0.2 miles
Sunoco
Shops & Services
3,644 visits/mo
0.4 miles
AutoZone
Shops & Services
3,551 visits/mo
0.3 miles
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
$273,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Myrtle Beach, SC
Properties on Market for Storefront properties in Myrtle Beach
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- La Zelle's Flower Shop — 101 Broadway St, Myrtle Beach, SC 29577
Frequently Asked Questions
What type of property is this?
Storefront property - MU-H zoning, two curb cuts, and roadside signage support flexible retail occupancy.
Where is this storefront property located?
The property is located at 508 N Kings Hwy. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Two suites: 3,000 square feet and 2,400 square feet; can combine for 5,400 square feet; Two new 5‑ton HVAC units and a new roof; Two curb cuts along King's Highway
