5301 S Kings Hwy. Myrtle Beach, SC $ 2,700,900
5301 S Kings Hwy.
$ 2,700,900
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5301 S Kings Hwy.

Myrtle Beach, SC, 29575
$ 2,700,900
Baths0.0 Sq 10,200

Monthly Estimate*

$ 17,951

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Studio

Commercial Property for sale in Myrtle Beach, SC

for $2,700,900. This 10,200 square foot building was built in 1983 on a lot size of 1.18.

The land is 1.18 acres and the building is over 8,000 square feet. It's a BARGAIN at this price. That's right, that sale includes the land and the building. BECAUSE OF IT'S SIZE AND LOCATION, the property is not only ideal for its existing use, but also can be easily converted to accommodate other businesses, such as an esoteric hotel, bed and breakfast, or perhaps retail shops on the ground floor with apartments on the top floor. THE EXISTING USE OF THE PROPERTY is that of a massive restaurant with over 8,000 square feet of dining space, with an apartment and a private office on the second floor. THIS BUILDING HAS UNDERGONE VARIOUS STAGES OF UPDATES since this owner has owned the building, including the addition of a sprinkler system. The potential is tremendous for an astute business person. The location is an excellent draw for consumers in Myrtle Beach and Surfside Beach. And, because of where this is located, taxes are low. Enjoy the business advantages this property has to offer. THIS IS A GREAT BARGAIN !!!

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Commercial Active

Price

$ 2,700,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

1.18

Year Built

1983

Town/City

Myrtle Beach

County/Region

Horry

MLS | Web ID

2223384

Features
General
Zoning C8
Year Built 1983
Stories 2
Levels Two
Property SubType Retail
Current Use Restaurant
Business Name Lobster House
County Horry
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions Head south on Kings Hwy toward Surfside Beach. The property is on the left side east of Hwy 17 business.
City Myrtle Beach
View Y/N N
Senior Community Y/N N
Total Units 1
MLS Area 16J Myrtle Beach Area--includes Prestwick & Lakewo
Waterfront Y/N N
Carport Y/N N
Street Name Kings Hwy.
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 558
Standard Status Active
Property Sub Type Additional Retail
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Exterior
Spa N
Lot Size Acres 1.18
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
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Internal Only
Street Number 1 5301
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* Excluded Features
List By
The Mb Real Estate Store Llc

Broker

evarigney@gmail.com

Email

Affordability Calculator

$17,951
Per Month
100%
0%
0%
Monthly Principal & Interest
$17,951
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
285324 Elementary School
285119 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/17/2023$1,890,900 -5.02% Price Down
12/3/2022$1,990,900 -5.37% Price Down
10/24/2022$2,103,875 Listed Price

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5301 S Kings Hwy., Myrtle Beach, SC, 29575 is a Commercial Property for sale at $2,700,900 with 10,200 sqft and a lot size of 1.18. 5301 S Kings Hwy. is a studio with 0.0 baths and was built in 1983. The property's zip code is 29575 which is in Myrtle Beach, SC