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    17 Business St Myrtle Beach, SC 29575

    Sponsored
    For Lease
    $23 SF/Yr

    Prime Retail Land, Highway 544 & 17

    Lot size:
    127,195 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land offering presents a unique investment opportunity in Myrtle Beach, South Carolina. Located at the highly visible intersection of Highway 544 and Highway 17 Business, this property is part of the master-planned Ocean Lakes Village redevelopment. The site boasts a total of 13.06 acres, with various parcels available for ground lease or build-to-suit options, catering to retailers and restaurants. Phase I is development-ready, featuring existing retail establishments, while Phase II includes a Walmart Neighborhood Market and other successful businesses. This prime location benefits from significant foot traffic, drawing approximately 60,000 weekly visitors during peak season (June-August) from nearby campgrounds including Ocean Lakes Family Campground, Lakewood Campground, Pirateland Campground, and Myrtle Beach Vacation Resort. The property offers excellent visibility and signage opportunities, including placement on three common pylon signs. Available parcels range in size, providing flexibility for various development needs. This is an ideal location to capitalize on the high volume of tourism in this thriving area of Myrtle Beach. The vacant space totals 1,500 square feet, and the property is situated in Horry County, South Carolina, with a zip code of 29575. This is a single-tenancy property.

    Property Features for 17 Business St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    127,195 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    127,195 SF
    Rate per SF
    $23

    HighLights

    • 0.92‑acre and 2.92‑acre parcels available.
    • Ground lease or build‑to‑suit opportunities available.
    • Strong retail co‑tenancy including Walmart Neighborhood Market, Walgreens, McDonald's, Popeyes, DiCarlo's Pizza, Vogue Nail & Spa, All in Good Spirits, and Duck Donuts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nirvana Authentic Indian ... Indian Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9627063
    Latitude
    33.6293875

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, Highway 544 & 17
    Where is this land located?
    The property is located at 17 Business St Myrtle Beach, SC.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: 0.92-acre and 2.92-acre parcels available.; Ground lease or build-to-suit opportunities available.; Strong retail co-tenancy including Walmart Neighborhood Market, Walgreens, McDonald's, Popeyes, DiCarlo's Pizza, Vogue Nail & Spa, All in Good Spirits, and Duck Donuts.
    Request Owner's contact information
    17 Business St Myrtle Beach, SC 29575
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    Myrtle Beach, SC 29575
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17 Business St Myrtle Beach, SC 29575
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