For Sale
$2,400,000

11359 Ocean Hwy Pawleys Island, SC 29585

Prime Ocean Hwy location, established franchise.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 4,075-square-foot restaurant and retail building, situated on approximately one acre in Pawleys Island, South Carolina, presents a compelling investment opportunity. Built in 1999, this Class C property boasts a 100% occupancy rate with a national franchisee tenant under a NNN lease. The building features a state-of-the-art kitchen, a drive-thru, and an additional 2,000 square feet of patio space. Strategically located on Highway 17, between Sonic and the former BB&T Bank (now Truist), this property enjoys high visibility and proximity to other established businesses like Chico's, Best Western, and The Fresh Market. The property's address is 11359 Ocean Hwy, Pawleys Island, SC 29585, and is zoned for general commercial use. Access is convenient from Highway 17, as well as Hinnant Street, with connections to Tiller Drive, Commerce Drive, and Library Lane. The asking price is $2,400,000, translating to $588.96 per square foot. The property includes the building, land, and signage. This sale is a sale/leaseback opportunity, suitable for 1031 exchange investors. The property's Tax Map/Parcel Number is TMS/PIN# 04-0153-001-01-14. This is a single-tenant building with a franchisee tenant.

Highlights

  • 4,075 SF restaurant/retail building on ~1 acre in Pawleys Island, SC.
  • 100% occupied by national franchisee under NNN lease.
  • Features drive-thru, state-of-the-art kitchen, and 2,000 SF patio.
  • High-visibility location on Hwy 17, near other established businesses.
  • $2,400,000 asking price ($589/SF); Sale/leaseback opportunity, suitable for 1031 exchange.

Property Details for 11359 Ocean Hwy

Property type
Retail properties, Restaurants
Square Feet
4,075 SF
Class
C
Year Built
1999
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Pawleys Island
County
Georgetown
State
South Carolina
Latitude
33.448479710547
Longitude
-79.120384214427

FAQs

What type of property is this?
Retail property - Prime Ocean Hwy location, established franchise.
Where is the retail property located?
The property is located at 11359 Ocean Hwy Pawleys Island, SC.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 4,075 SF restaurant/retail building on ~1 acre in Pawleys Island, SC.; 100% occupied by national franchisee under NNN lease.; Features drive-thru, state-of-the-art kitchen, and 2,000 SF patio.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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11359 Ocean Hwy
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