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Entity Owned Property summary
This exceptional 8,355 square foot former Red Lobster restaurant is available for sale in Myrtle Beach, South Carolina. Situated on a 2.13-acre lot with 135 paved parking spaces, this property boasts a prime location on North Kings Highway 17, adjacent to Tanger Outlets and near major attractions like the Myrtle Beach Mall and several resorts. The building features significant road frontage (approximately 234 feet) on North Kings Highway 17, benefiting from high visibility and accessibility… with deceleration lanes for both northbound and southbound traffic. Two curb cuts on Hilton Road provide convenient access. Internal features include a walk-in cooler, walk-in freezer, walk-in beer cooler, and kitchen hoods (15' and 21'). Eight utility light pole units and prominent signage (stone monument and large road sign) enhance visibility. The property is zoned Neighborhood Commercial (NC) in Horry County, SC, and has a Property Identification Number (PIN) of 39009030003. The average daily traffic count is 43,400 (SCDOT 2023), and the 2023 annual real estate taxes were $33,817.82. This presents a unique opportunity for a restaurant or other commercial venture to capitalize on a high-traffic location and existing infrastructure. The asking price is $3,100,000.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 8,355 SF
- Lot area
- 2.18 ac
- Year built
- 1994
- APN
- 390-09-03-0003
- Zoning
- NC
- Assessed value · 2023
- $151,422
- Annual tax · 2023
- $33,818
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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Off Market
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Still being built. It lands here next, beside the two above.
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