High-Frontage Restaurant
801 Hwy 17 S North Myrtle Beach, SC 29582
801 Hwy 17 S, North Myrtle Beach, SC, 29582
Contact for pricing
For Sale
Contact for pricing
Restaurant property offers an outdoor patio with fireplace and features approximately 231 guest seats.
Property Size7,254 SF
Lot Size1.75 Acres
Price / SF$344.64
Days on Market65
Property Features for 801 Hwy 17 S
General Information
- Standard status
- Active
- Size
- 7,254 SF
- Lot size
- 1.75 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing agency
Realty ONE Group Dockside
(843) 267-6134
Listed by
Eleonora Nora Rumbaugh · License #115323
Source
Crexi
Added: May 18 Updated: Jul 21 at 12:46AM Checked: Jul 21 at 5:11AM
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 Realty ONE Group Dockside
Investment Insights
Based on property information with market context.
This for-sale restaurant property is designed for high-volume service and entertainment, with seating for approximately 231 guests. The building includes an expansive dining room, an oversized bar area, and a massive commercial kitchen built to accommodate large crowds efficiently. Outside, the spacious patio features a fireplace for live entertainment, outdoor dining, and special events.
The site is approximately 1.75 acres with approximately 185 feet of frontage on highly traveled Highway 17, providing prominent exposure. Public remarks also indicate visibility to approximately 45,300 vehicles per day and proximity to Main Street and Ocean Boulevard/beach.
According to the City of North Myrtle Beach, the lot has the potential to build a second building, which may include an office building, storage units, or a small retail center. This combination of operating capacity and redevelopment potential supports a range of restaurant and hospitality concepts.
The site is approximately 1.75 acres with approximately 185 feet of frontage on highly traveled Highway 17, providing prominent exposure. Public remarks also indicate visibility to approximately 45,300 vehicles per day and proximity to Main Street and Ocean Boulevard/beach.
According to the City of North Myrtle Beach, the lot has the potential to build a second building, which may include an office building, storage units, or a small retail center. This combination of operating capacity and redevelopment potential supports a range of restaurant and hospitality concepts.
Key Highlights
- ±17,000 SF restaurant property built in 2007 with seating for approximately 231 guests
- 1.75‑acre site with 185 ft of frontage on highly traveled Highway 17
- Exposure to approximately 45,300 vehicles per day per provided remarks
Local Financial Insights For Specialty 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 | $163.7k | $22.56 |
| − Vacancy | −$4.1k | −$0.56 |
| EGI | $159.6k | $22.00 |
| − OpEx | −$39.9k | −$5.50 |
| NOI | $119.7k | $16.50 |
7,254 SF · lease $22.56/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.71M
$1.50M – $1.99M
NOI $119,669 @ 7.0% cap · market cap 4.79%
Second Best
Industrial
$1.33M
$1.16M – $1.55M
NOI $93,086 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,692 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kings Sushi (North ...
Restaurant
Discount Tire
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant property offers an outdoor patio with fireplace and features approximately 231 guest seats.
Where is this conventional restaurant located?
The property is located at 801 Hwy 17 S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: ±17,000 SF restaurant property built in 2007 with seating for approximately 231 guests; 1.75‑acre site with 185 ft of frontage on highly traveled Highway 17; Exposure to approximately 45,300 vehicles per day per provided remarks
