5900 Kings HwyMyrtle Beach, SC 29577

Property Details for 5900 Kings Hwy

Year built

1984

Construction

CONCRETE

Lot size

0.54 AC

Property size (Sq ft)

6,997 SF

Zone code

AC-

Property type

Strip malls

Property subtype

Neighborhood centers

APN

421-11-01-0072

APU

42111010072

Description

This exceptional commercial property, located at 5900 N Kings Hwy in Myrtle Beach, South Carolina, presents a unique investment opportunity. The 6,997 square foot lot is currently home to a well-established and profitable bar and restaurant. This turnkey operation boasts a loyal customer base, a popular menu, and a friendly atmosphere that attracts both locals and tourists. Situated in a high-traffic area, the business enjoys consistent sales with significant potential for future growth. The sale includes all existing equipment and fixtures, making it an ideal acquisition for an experienced restaurateur or a savvy investor seeking a ready-made, successful business. Financial performance data (P&L statements) are available upon request. The property is zoned for commercial use and offers significant potential for expansion or redevelopment. This is a rare chance to acquire a thriving business in a prime Myrtle Beach location. The asking price for this exceptional opportunity is $225,000. Don't miss out on this chance to own a piece of Myrtle Beach's vibrant hospitality scene.

• CAP approach

  CAP return

  Valuation

  6%

  $1,806,736

  6.5%

  $1,667,756

  7%

  $1,548,631

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,851,189

  Geo Method

  $4,047,350

• Alternative Use

  Use

  Valuation

  Residential

  $1,406,815

  Hospitality

  $1,288,635

  Educational

  $1,072,129

  Medical

  $1,109,001

  Retail

  $1,667,756

Location Insight

City

Myrtle Beach

County

Horry

State

South Carolina

Latitude

33.7345

Longitude

-78.833

CBSA code

34820

CBSA name

MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].