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Property profile

142 Middle Ridge Ave Conway, SC 29526

OFF-MARKET
Retail properties & Spaces
1,200 SF 1 ac lot
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Property summary

AI-generated overview

This exceptional retail development opportunity presents 1-2.95 acres of vacant land ideally situated on Highway 501 in Conway, South Carolina. The property, zoned HC (Highway Commercial), offers 1,200-5,000 square feet of buildable space and boasts unparalleled visibility and high traffic counts—approximately 46,200 cars daily. Located directly in front of a Walmart Supercenter within the rapidly expanding Carolina Forest submarket of Myrtle Beach, this site benefits from exceptional access and proximity to a substantial consumer base. The area's robust growth is further supported by the presence of three major employers: Coastal Carolina University, Conway Medical Center, and AVX Corporation. Carolina Forest itself is a master-planned community encompassing 25 square miles, currently home to over 35,000 residents, with projections indicating a future population of 65,000. This presents a unique chance to capitalize on the area's thriving commercial sector. The property is offered as an Absolute NNN lease, and all necessary stormwater and utilities are readily available. This is a rare opportunity to establish a presence in one of the fastest-growing residential areas of the Grand Strand.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,200 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

142 Middle Ridge Ave Conway, SC 29526
Conway metro
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Value estimations

Realmo proprietary · 4 methods
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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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