Restaurant with Outdoor
For Sale
$2,500,000
801 Hwy 17 S 8th Ave S North Myrtle B, North Myrtle Beach, SC 29582
The dining room, bar, commercial kitchen, and outdoor space support a range of food-service operations.
Property Size7,254 SF
Lot Size1.75 Acres
Price / SF$344.64
Days on Market172
Property Features for 801 Hwy 17 S 8th Ave S North Myrtle B
General Information
Standard status
Active
Size
7,254 SF
Total Parking Spaces
124
Lot size
1.75 Acres
Property subtype
Commercial
Site & Location
Traffic Count
45,300 vehicles/day
Highway Access
Yes
Road Access
Yes
Restaurant
Seating Capacity
231
Patio
Yes
Building Details
Year Built
2007
Listing Agency:
The Dieter Company
Listed By:
Jay Nelson
(843) 817-8508
Source:
Thenelsonteamsc
Added: May 15
Changed: Nov 2
Last Checked: Nov 2 at 2:42AM
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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Investment Insights
Based on property information with market context.
Built in 2007, this restaurant property includes an expansive dining room, an oversized bar, and a commercial kitchen designed for high-volume service. Seating accommodates approximately 231 guests, and the site provides 124 parking spaces. An outdoor patio with a fireplace adds another dining and gathering area. The property occupies approximately 1.75 acres and has 185 feet of frontage on 8th Ave S.
The restaurant is on Highway 17 in North Myrtle Beach, with reported traffic of approximately 45,300 vehicles per day. Main Street is less than half a mile away, while Ocean Boulevard and the beach are under three-quarters of a mile from the property. The city indicates the lot may accommodate a second building, with office, storage, or retail cited as possible concepts.
The restaurant is on Highway 17 in North Myrtle Beach, with reported traffic of approximately 45,300 vehicles per day. Main Street is less than half a mile away, while Ocean Boulevard and the beach are under three-quarters of a mile from the property. The city indicates the lot may accommodate a second building, with office, storage, or retail cited as possible concepts.
Key Highlights
- Restaurant seating for approximately 231 guests, with an expansive dining room and oversized bar
- Commercial kitchen designed for high‑volume food service
- Outdoor patio with fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,669
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,393,380
$2.4M
Cap Rate 7%
$1,709,557
$1.7M
Cap Rate 9%
$1,329,656
$1.3M
Market Conditions
NOI Build-Up for 7,254 SF
Gross rent
$163.7K $22.56/SF
− Vacancy
−$4.1K −$0.56/SF
EGI
$159.6K $22.00/SF
− OpEx
−$39.9K −$5.50/SF
NOI
$119.7K $16.50/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,393,380
Cap Rate 7%
$1,709,557
Cap Rate 9%
$1,329,656
Alternative Uses
Best Use
Specialty Retail
$1.71M
$1.50M – $1.99M
NOI $119,669 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
45,300 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
478k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Superstores 25%
Home Improvements & Furnishings 16%
Shops & Services 16%
Walmart
Superstores
117,860 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
41,396 visits/mo
0.3 miles
Chick-fil-A
Dining
39,272 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
34,519 visits/mo
0.3 miles
Food Lion Grocery Store
Groceries
26,084 visits/mo
0.5 miles
Demographics for 29582, SC
18,897
Population
27,559
Households
0.7
Avg Household Size
62
Median Age
38%
College-Educated
94%
High-School Grad
21.9 sq mi
ZIP Area
863
Density / Sq Mi
$71,030
Median Household Income
$36,906
Median Earnings
$1,194
Median Rent
$370,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Benitos Rolling Oven — 1021 2nd Ave N, North Myrtle Beach, SC 29582
- Firehouse Subs Gator Hole — 560 Hwy 17 N, North Myrtle Beach, SC 29582
Frequently Asked Questions
What type of property is this?
Restaurant - The dining room, bar, commercial kitchen, and outdoor space support a range of food-service operations.
Where is this restaurant located?
The property is located at 801 Hwy 17 S 8th Ave S North Myrtle B 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: Restaurant seating for approximately 231 guests, with an expansive dining room and oversized bar; Commercial kitchen designed for high‑volume food service; Outdoor patio with fireplace
