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Commercial Building in Myrtle Beach

533 Broadway St. Myrtle Beach, SC 29577

533 Broadway St., Myrtle Beach, SC, 29577
$525,000
For Sale
Claim this Listing
$525,000

SINGLE_FAMILY - Myrtle Beach, SC

Property Size2,500 SF
Lot Size0.06 Acres
Price / SF$210
AddedMar 3, 2025
Days on Market499
Last RefreshJul 15 at 4:06 am

Property Features for 533 Broadway St.

General Information

Property type
Residential
Property subtype
Retail
Zoning
C-7
Standard status
Active
Size
2,500 SF
Lot size
0.06 Acres

Building Details

Number of units
1

Listing agent Thomas Beets License #2758

Listing office Beachfront Properties Conway, SC

Listing date Mar 3, 2025

MLS# 2505194

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.


Investment Insights

Based on property information with market context.

This commercial building, located in the heart of Myrtle Beach, presents an opportunity for ownership. The property is situated in the historical Broadway Street District and within the future Kings Highway Corridor, which is planned to become the new Arts & Innovation District. The building has 2500 heated square feet and includes a roll-up door in the rear. The lot size is 0.06 acres. The zoning is C-7.

Key Highlights

  • Located in the heart of Myrtle Beach.
  • Tenant in place, providing immediate income.
  • Located in the Historical Broadway Street District.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

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.

Component $ $/SF
Gross rent $53.4k $21.36
− Vacancy −$1.3k −$0.53
EGI $52.1k $20.83
− OpEx −$15.6k −$6.25
NOI $36.4k $14.58
2,500 SF · lease $21.36/SF/yr · vacancy 2.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$520.7K
$455.6K – $607.4K (±1% cap)
NOI $36,446 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$633.6K
$554.4K – $739.2K (±1% cap)
NOI $44,352 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Island Vibez Cafe ... Restaurant Island Vibes Restaurant

Suggested Use

Skin Care Clinic Catering Service Dental Office Pet Grooming Service Acupuncture Electrical Service Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Garden Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • La Zelle's Flower Shop — 101 Broadway St, Myrtle Beach, SC 29577
  • Ocean View Funeral Home and Beach Crematory — 1212 Carver St, Myrtle Beach, SC 29577

FAQs

What type of property is this?
Storefront property - Commercial building in the heart of Myrtle Beach for sale.
Where is this storefront property located?
The property is located at 533 Broadway St. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Located in the heart of Myrtle Beach.; Tenant in place, providing immediate income.; Located in the Historical Broadway Street District.
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