Current Use by Public Records
- Retail properties & Spaces
Property Details for 1650 Chu
- Lot size
- 2.94 lot acres
- Property type
- Retail properties & Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conway
- County
- Horry
- State
- South Carolina
- Longitude
- -79.0677
- Latitude
- 33.8486
