1390 Lotus At Market Cmn Myrtle Beach, SC 29577
This exceptional 2,646 square foot restaurant space is ideally situated in the heart of Myrtle Beach's Market Common District, a thriving lifestyle center boasting upscale retail, dining, and entertainment. Located at the signalized intersection of Farrow Parkway and Cottage Drive, this end-cap unit offers high visibility and accessibility. The property benefits from significant daily traffic counts (18,300 vehicles on Farrow Parkway) and a dense residential population (99,348 within a 5-mile radius). The space includes approximately 1,446 square feet of finished restaurant space, complete with a hood system, and an additional 1,200 square feet of shell space ready for customization. This single-tenant unit is part of a newly constructed strip center, anchored by national franchise tenants, and features an outdoor patio area. The Market Common District offers a vibrant atmosphere, enhanced by walking trails, sports facilities, and proximity to major medical centers (VA Medical Center and Tidelands Health). This is a rare opportunity to establish a successful restaurant business in a prime location within a highly desirable and rapidly growing community. The 1.27-acre lot provides ample space and visibility. This property is situated across from the Luxe at Market Common apartments, ensuring a built-in customer base. The property is in Horry County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.