Retail Building with
For Sale
Contact for pricing
512 South Kings Hwy., Myrtle Beach, SC 29577
A signal-controlled intersection and three curb cuts provide access from South Kings Highway and 5th Avenue South.
Property Size10,050 SF
Lot Size1.22 Acres
Price / SF$1.50
Days on Market69
Property Features for 512 South Kings Hwy.
General Information
Standard status
Active
Size
10,050 SF
Lot size
1.22 Acres
Property subtype
Retail
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Pylon Signage
Yes
Highway Access
Yes
Road Access
Yes
Listing Agency:
The Dieter Company
Listed By:
Jay Nelson
(843) 817-8508
Source:
Thenelsonteamsc
Added: Aug 26
Changed: Nov 2
Last Checked: Nov 2 at 2:30AM
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 The Dieter 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 10,050-square-foot retail property sits on 1.22± acres at the signalized intersection of South Kings Highway (US-17 Business) and 5th Avenue South. Formerly used as a drugstore, the building includes a drive-through lane with an overhead canopy and monument signage.
Three curb cuts serve the site. The property is identified for consideration by retail, quick-service restaurant, medical, or redevelopment users.
Three curb cuts serve the site. The property is identified for consideration by retail, quick-service restaurant, medical, or redevelopment users.
Key Highlights
- 10,050‑square‑foot retail property on 1.22± acres
- Signalized corner of South Kings Highway (US‑17 Business) and 5th Avenue South
- Drive‑through lane with overhead canopy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,511
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,930,220
$2.9M
Cap Rate 7%
$2,093,014
$2.1M
Cap Rate 9%
$1,627,900
$1.6M
Market Conditions
NOI Build-Up for 10,050 SF
Gross rent
$214.7K $21.36/SF
− Vacancy
−$5.4K −$0.53/SF
EGI
$209.3K $20.83/SF
− OpEx
−$62.8K −$6.25/SF
NOI
$146.5K $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%
$2,930,220
Cap Rate 7%
$2,093,014
Cap Rate 9%
$1,627,900
Alternative Uses
Best Use
Retail
$2.09M
$1.83M – $2.44M
NOI $146,511 @ 7.0% cap · market cap 971.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,295 @ 7.0% cap · market cap 1,182.72%
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
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
79k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 33%
Superstores 16%
Big Lots
Superstores
12,809 visits/mo
0.4 miles
Dollar Tree
Shops & Services
8,709 visits/mo
0.0 miles
Dollar General
Shops & Services
7,073 visits/mo
0.2 miles
IHOP
Dining
6,855 visits/mo
0.4 miles
Exxon
Shops & Services
6,342 visits/mo
0.4 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
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A signal-controlled intersection and three curb cuts provide access from South Kings Highway and 5th Avenue South.
Where is this retail space located?
The property is located at 512 South Kings Hwy. Myrtle Beach, SC.
What are key features of this property?
This property features: 10,050‑square‑foot retail property on 1.22± acres; Signalized corner of South Kings Highway (US‑17 Business) and 5th Avenue South; Drive‑through lane with overhead canopy
