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Property profile & analytics
FOR SALE
Hotels

1479 Highway 17 Little River, SC 29566

4,243 SF 1.23 ac lot Built 1971
Entity Owned 26-yr Hold Free & Clear
Property ID
US77-2000308
Property summary
AI-generated overview

This exceptional Little River, South Carolina commercial property, located at 1479 & 1471 Highway 17, presents a unique investment opportunity. Boasting 8,976 square feet on over an acre of land, this corner lot enjoys over 225 feet of highway frontage, experiencing high traffic volume exceeding 60,000 cars daily. Currently generating monthly income from existing tenants, including a cleaning company (Royal Maids) and a 10-unit apartment building, this property offers immediate cash flow. The prime location in Little River, just five minutes from the Atlantic Ocean and North Myrtle Beach, and fifteen minutes from Calabash, NC, ensures high visibility and accessibility. Little River's thriving economy and desirable climate, rarely experiencing temperatures below 25 degrees or above 92 degrees, create an ideal environment for business growth. The property's size and location make it exceptionally well-suited for redevelopment, potentially attracting a national tenant. While the current tenants provide immediate return, the long-term potential for significant appreciation is undeniable. The asking price is $1,190,000. All measurements are approximate and should be independently verified by the buyer.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1971
Total area 4,243 SF
Lot 1.23 ac (53,579 SF)
Zoning code HC
APN 312-05-02-0052
UPID US77-2000308
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Royal Maids LLC Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
$420k
Comparable Approach Comparable
$777k
Blend (final) Blend
$575k
Owner & transaction history
LUCK AVENUE PROPERTIES INC
LUCK AVENUE PROPERTIES INC
Zoning & alternative use
HC · Little River, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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