2302 Kings HwyMyrtle Beach, SC 29577

Property Details for 2302 Kings Hwy

Year built

2005

Construction

CONCRETE

Lot size

0.52 AC

Property size (Sq ft)

3,070 SF

Zone code

C-2

Property type

Drive through restaurants

APN

424-10-03-0005

APU

42410030005

Description

This exceptional 3,070 square foot drive-thru restaurant is located at 2302 N Kings Hwy, Myrtle Beach, SC 29577, near 23rd Avenue N. The single-tenant property sits on a 0.52-acre lot and offers 27 parking spaces, catering to both dine-in and drive-thru customers. Currently configured for fast food service, the restaurant boasts a modern kitchen, ample storage, and a comfortable dining area, all designed to maximize efficiency and customer flow. Its prime location on a busy thoroughfare in Myrtle Beach, a city with over 35,000 residents and 19 million annual visitors, ensures high visibility and significant foot and vehicle traffic. This presents a unique opportunity for a thriving food service business to capitalize on Myrtle Beach's robust tourism and economic growth. The property's estimated annual taxes are $15,545, with insurance estimated at $3,000-$4,000 per year. This turnkey operation is ready for immediate occupancy and offers a strong return on investment for the right operator. Don't miss this chance to establish your business in a high-demand location within a bustling tourist destination.

• CAP approach

  CAP return

  Valuation

  6%

  $792,728

  6.5%

  $731,749

  7%

  $679,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $812,223

  Geo Method

  $1,775,813

• Alternative Use

  Use

  Valuation

  Residential

  $617,258

  Hospitality

  $565,405

  Educational

  $470,410

  Medical

  $486,588

  Retail

  $731,749

Location Insight

City

Myrtle Beach

County

Horry

State

South Carolina

Latitude

33.7039

Longitude

-78.8695

CBSA code

34820

CBSA name

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

Property Tax & Assessments

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