Kings Highway Commercial Building For
508 North Kings Highway, Myrtle Beach, SC 29577
5,400 SF commercial building on Kings Highway 17.
Type:Retail
Property size:
5,400 SFLot size:
0.46 AcresPrice / SF:
$240/SF- Added:
- Mar 5, 2026
- Days on Market:
- 79
- Last Refresh:
- Apr 5 at 9:06 pm
Property Features for 508 North Kings Highway
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Lot size
- 0.46 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1986
Listing agent B.W. "Rusty" Helm License #SC #13354 (843) 626-3400
Listing office (843) 626-3400
Listing date Mar 5, 2026
Source Keystonecommercial
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 B.W. "Rusty" Helm
HighLights
- High‑traffic location on Kings Highway 17, a major retail and tourism corridor in Myrtle Beach, ensuring year‑round visibility.
- Free‑standing 5,400 SF commercial building offering flexibility for various business uses.
- Zoned Mixed Use High Density (MU‑H) allowing for a wide range of development possibilities.
- Two separate curb cuts onto Kings Highway 17 providing convenient access.
- Property is divided into two rental units (3,000 SF and 2,400 SF) offering immediate income potential.
- Approximately 115’ of road frontage and a large road sign, maximizing exposure to passing traffic.
Overview
Offered for sale is a free-standing 5,400 SF commercial building situated on the ocean side of Kings Highway 17, directly across from the US Postal Service. The property is divided into two rental units and has a common electric and water meter. A large road sign is present. The property design allows for traffic flow around the entire building and includes two separate curb cuts onto Kings Highway 17. The location is along one of Myrtle Beach’s busy retail and tourism corridors, providing strong traffic counts and year-round visibility. The property is surrounded by hotels, restaurants, and beachwear retailers, benefiting from steady tourist and local consumer traffic near the oceanfront. The lot is approximately 0.46 acres, with approximately 115’ of road frontage. The property's PIN is #44304030011, and its TMS is #181-10-08-003. It is zoned Mixed Use High Density (MU-H) by the City of Myrtle Beach. Space “A” is approximately 60’ X 50’, or 3,000 SF, and is currently on a month-to-month tenancy, featuring commercial glass frontage with double front entry doors. Space “B” is approximately 60’ X 40’, or 2,400 SF, currently vacant, and has commercial glass frontage with a single door entry.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$874.7K
NOI $78,722 @ 9.00% cap · cautious / downside scenario
Moderate
$1.12M
NOI $78,722 @ 7.00% cap · market / base-case scenario
Aggressive
$1.57M
NOI $78,722 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.3k | $21.36 |
| − Vacancy | −$2.9k | −$0.53 |
| EGI | $112.5k | $20.83 |
| − OpEx | −$33.7k | −$6.25 |
| NOI | $78.7k | $14.58 |
5,400 SF · lease $21.36/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.12M
$984.0K – $1.31M
NOI $78,722 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,800 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.8825
- Latitude
- 33.692
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 5,400 SF commercial building on Kings Highway 17.
Where is this retail space located?
The property is located at 508 North Kings Highway Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: High‑traffic location on Kings Highway 17, a major retail and tourism corridor in Myrtle Beach, ensuring year‑round visibility.; Free‑standing 5,400 SF commercial building offering flexibility for various business uses.; Zoned Mixed Use High Density (MU‑H) allowing for a wide range of development possibilities.
