For Sale
$2,400,000

11359 Ocean HwyPawleys Island, SC 29585

Prime Ocean Hwy location, established franchise.

Overview

Added:
Dec 11, 2024
Days on market:
113
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
11359 Ocean Hwy, Pawleys Island, South Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
11359 Ocean Hwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message