Downtown Mixed-Use Commercial
803 Main St Myrtle Beach, SC 29577
For Sale
$345,850
Versatile commercial building on Main Street offering space suitable for retail, office, or restaurant use.
Property Size2,076 SF
Price / SF$166.59
Days on Market50
Property Features for 803 Main St
General Information
Standard status
Active
Size
2,076 SF
Listing Agency:
Century 21 Palms Realty
(843) 639-7074
Listed By:
Michael McAteer
(843) 639-7074
Source:
Exprealty
Added: Jun 10
Changed: Jul 29
Last Checked: Jul 29 at 6:34AM
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 Century 21 Palms Realty
Investment Insights
Based on property information with market context.
This versatile commercial building is located on highly visible Main Street and offers approximately 2,600 square feet of space. The property is described as suitable for retail, office, restaurant, service-based uses, or for investment.
The listing highlights the building’s downtown presence and exposure to steady traffic, with proximity to the ocean, boardwalk, entertainment venues, restaurants, and major attractions.
The offering also notes that the property next door at 805 Main Street will sell with this property for the right price.
The listing highlights the building’s downtown presence and exposure to steady traffic, with proximity to the ocean, boardwalk, entertainment venues, restaurants, and major attractions.
The offering also notes that the property next door at 805 Main Street will sell with this property for the right price.
Key Highlights
- Versatile commercial building on Main Street in Downtown Myrtle Beach
- Approximately 2,600 SF of commercial space suitable for retail, office, restaurant, or service‑based use
- Located on a highly visible Main Street with steady traffic (per remarks)
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 | $44.3k | $21.36 |
| − Vacancy | −$1.1k | −$0.53 |
| EGI | $43.2k | $20.83 |
| − OpEx | −$13.0k | −$6.25 |
| NOI | $30.3k | $14.58 |
2,076 SF · lease $21.36/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$432.3K
$378.3K – $504.4K
NOI $30,264 @ 7.0% cap · market cap 8.75%
Second Best
Office B
$363.0K
$317.6K – $423.5K
NOI $25,410 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$526.1K
$460.4K – $613.8K
NOI $36,830 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 - Versatile commercial building on Main Street offering space suitable for retail, office, or restaurant use.
Where is this storefront property located?
The property is located at 803 Main St Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $345,850.
What are key features of this property?
This property features: Versatile commercial building on Main Street in Downtown Myrtle Beach; Approximately 2,600 SF of commercial space suitable for retail, office, restaurant, or service‑based use; Located on a highly visible Main Street with steady traffic (per remarks)
