Mixed-Use Property with Ice Cream
For Sale
$1,250,000
612 S Ocean Blvd, Myrtle Beach, SC 29577
Four-bedroom residential space is positioned above an equipped retail operation with the existing ice cream business included.
Property Size2,910 SF
Price / SF$429.55
Days on Market52
Property Features for 612 S Ocean Blvd
General Information
Standard status
Active
Size
2,910 SF
Additional Details
Business Included
Yes
Listing Agency:
Fidei Real Estate Int'l
Listed By:
Yana Lynch · License #72550
(843) 424-6068
Source:
Exprealty
Added: Sep 11
Changed: Oct 25
Last Checked: Nov 1 at 10:32AM
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 Fidei Real Estate Int'l
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines a four-bedroom condo with retail space on the level below. The offering includes a fully equipped ice cream shop, the existing ice cream business, and related equipment, creating an integrated residential and commercial setup at one address.
Located at 612 S Ocean Blvd. in Myrtle Beach, the property is near the ocean, attractions, dining, entertainment, and other popular destinations. The configuration supports live-work use, with residential space above an operating retail component.
Located at 612 S Ocean Blvd. in Myrtle Beach, the property is near the ocean, attractions, dining, entertainment, and other popular destinations. The configuration supports live-work use, with residential space above an operating retail component.
Key Highlights
- Four‑bedroom condo above the retail space
- Fully equipped ice cream shop included
- Existing ice cream business included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,423
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,460
$848.5K
Cap Rate 7%
$606,043
$606.0K
Cap Rate 9%
$471,367
$471.4K
Market Conditions
NOI Build-Up for 2,910 SF
Gross rent
$62.2K $21.36/SF
− Vacancy
−$1.6K −$0.53/SF
EGI
$60.6K $20.83/SF
− OpEx
−$18.2K −$6.25/SF
NOI
$42.4K $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%
$848,460
Cap Rate 7%
$606,043
Cap Rate 9%
$471,367
Alternative Uses
Best Use
Retail
$606.0K
$530.3K – $707.1K
NOI $42,423 @ 7.0% cap · market cap 3.39%
Second Best
Mixed Use
$527.5K
$461.6K – $615.5K
NOI $36,928 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$737.5K
$645.3K – $860.4K
NOI $51,626 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-bedroom residential space is positioned above an equipped retail operation with the existing ice cream business included.
Where is this mixed-use property located?
The property is located at 612 S Ocean Blvd Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑bedroom condo above the retail space; Fully equipped ice cream shop included; Existing ice cream business included with the property
