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Property profile & analytics
OFF-MARKET Estimated value $1,260,000
Warehouses

811 Seaboard St Myrtle Beach, SC 29577-6528

11,250 SF 0.62 ac lot Built 1985
Entity Owned 26-yr Hold Free & Clear
Property ID
US77-1735548
Property summary
AI-generated overview

This exceptional 11,250 square foot commercial lot is located at 811 Seaboard St., Myrtle Beach, SC 29577, in Horry County. Currently operating as an established bachata restaurant and grill specializing in authentic Dominican cuisine, this property presents a unique investment opportunity. The restaurant boasts extended hours of operation, running from 11 AM to 8 PM Tuesday through Sunday for lunch and dinner service, with the bar remaining open until 2 AM. The vibrant bar scene and ample space for live music, including bands and DJs, create a lively atmosphere perfect for attracting a diverse clientele. Regular bachata nights and other themed entertainment events further enhance the venue's appeal. The restaurant enjoys a strategic location in a high-traffic area, ensuring excellent visibility and accessibility for both walk-in and targeted customers. This well-established business has cultivated a loyal local following and possesses significant growth potential through expanded catering services, private event hosting, and increased marketing initiatives. The property's size and existing infrastructure provide a solid foundation for continued success and future expansion within the thriving Myrtle Beach market. The asking price for this unique commercial property is $195,000.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1985
Total area 11,250 SF
Lot 0.62 ac (27,007 SF)
Zoning code C9
APN 425-10-02-0026
UPID US77-1735548
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
  • Bachata Caribbean Bar & Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$1.26M
Owner & transaction history
Kite Brothers INC · 26 yrs held
Kite Brothers INC
since 1999
3 recorded transactions
1999
$360,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C9 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.0M +19.0%
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