Storefront with Showroom
For Sale
Contact for pricing
742 Main St. Arts & Innovation Distric, Myrtle Beach, SC 29577
Two offices, an open display area, and a restroom provide a flexible layout for retail or office use.
Property Size1,277 SF
Price / SF$1.25
Days on Market31
Property Features for 742 Main St. Arts & Innovation Distric
General Information
Standard status
Active
Size
1,277 SF
Property subtype
Office
Building Details
Year Built
1929
Listing Agency:
Epique Realty
Listed By:
Rick Stroud · License #22382
(864) 479-1189
Source:
Greathomessc
Added: Sep 30
Changed: Oct 28
Last Checked: Oct 28 at 4:25PM
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 Epique Realty
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Investment Insights
Based on property information with market context.
This 1,277-square-foot storefront, built in 1929, includes two offices, an open showroom or bullpen area, and one restroom. The layout supports retail or office occupancy, with the open area offering space for display or workstations.
The property is on Main Street in downtown Myrtle Beach’s Arts & Innovation District. Street parking is available on Main Street, with a parking garage behind the unit. Nearby businesses include Long Bay Theater, Mt. Atlanticus Mini Golf, and Sun City Cafe; a 300-seat CCU/City Theater is under construction. Hwy 501 records average daily traffic of 11,400, and the permanent population within a 5-mile radius is 80,855.
The property is on Main Street in downtown Myrtle Beach’s Arts & Innovation District. Street parking is available on Main Street, with a parking garage behind the unit. Nearby businesses include Long Bay Theater, Mt. Atlanticus Mini Golf, and Sun City Cafe; a 300-seat CCU/City Theater is under construction. Hwy 501 records average daily traffic of 11,400, and the permanent population within a 5-mile radius is 80,855.
Key Highlights
- 1,277 SF storefront with two offices, an open showroom or bullpen area, and one restroom
- Built in 1929
- Street parking on Main Street and a parking garage behind the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,616
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,320
$372.3K
Cap Rate 7%
$265,943
$265.9K
Cap Rate 9%
$206,844
$206.8K
Market Conditions
NOI Build-Up for 1,277 SF
Gross rent
$27.3K $21.36/SF
− Vacancy
−$682 −$0.53/SF
EGI
$26.6K $20.83/SF
− OpEx
−$8.0K −$6.25/SF
NOI
$18.6K $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%
$372,320
Cap Rate 7%
$265,943
Cap Rate 9%
$206,844
Alternative Uses
Best Use
Retail
$265.9K
$232.7K – $310.3K
NOI $18,616 @ 7.0% cap · market cap 1,165.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.6K
$283.2K – $377.6K
NOI $22,655 @ 7.0% cap · market cap 1,418.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,557
Businesses Nearby
61k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 29%
Hotels & Casinos 11%
Home Improvements & Furnishings 3%
Olive Garden
Dining
13,192 visits/mo
0.5 miles
Taco Bell
Dining
10,216 visits/mo
0.4 miles
Circle K
Shops & Services
7,947 visits/mo
0.3 miles
Holiday Inn at the Pavilion
Hotels & Casinos
6,827 visits/mo
0.4 miles
Starbucks
Dining
5,567 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
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Market
Vacancy Rate% for Retail in South region
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
Frequently Asked Questions
What type of property is this?
Storefront property - Two offices, an open display area, and a restroom provide a flexible layout for retail or office use.
Where is this storefront property located?
The property is located at 742 Main St. Arts & Innovation Distric Myrtle Beach, SC.
What are key features of this property?
This property features: 1,277 SF storefront with two offices, an open showroom or bullpen area, and one restroom; Built in 1929; Street parking on Main Street and a parking garage behind the unit
