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Property profile

1650 Chu Conway, SC 29526

OFF-MARKET
Retail properties & Spaces
2.94 ac lot
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Property summary

AI-generated overview

This exceptional 12,135 square foot retail-restaurant duplex is situated on a 2.94-acre lot at the signalized intersection of Church Street/Highway 501 and Mill Pond Road in Conway, SC. Custom-built in 2021, the property features two restaurant spaces: a McAlister's Deli (with a 15-year lease) and a former 350-seat steakhouse. Each unit boasts a drive-thru, offering significant flexibility for future tenants. The property benefits from triple-lane ingress/egress from Church Street/Highway 501 and double-lane access on Mill Pond Road, ensuring smooth traffic flow at this high-traffic location. This prime location is situated on one of the Grand Strand's major arteries and a secondary thoroughfare serving Conway's Central Business District. The area enjoys strong stability as the hub for county government, industry, and higher education in Horry County. Conway's robust growth, with a 5.96% annual growth rate and a 22.9% increase since the 2020 census, further enhances the investment potential. Planned developments adding 3,200+ residential units by 2030 will only increase demand. Fixtures, furniture, and equipment may be purchased separately. This is a rare opportunity to acquire a high-performing retail property in a rapidly growing market. The asking price is $5,300,000.

Property profile

Verified
Property type Retail properties & Spaces
Lot 2.94 ac (128,066 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1650 Chu Conway, SC 29526
Conway metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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