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5301 S Kings Hwy., Myrtle Beach, SC 29575
$2,700,900
5301 S Kings Hwy., Myrtle Beach, SC 29575View this property at 5301 S Kings Hwy., Myrtle Beach, SC 29575
5301 S Kings Hwy.Myrtle BeachSC29575
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Property Description
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 !!!
Full Property Details
Full Property Details for 5301 S Kings Hwy
General
- Price: $2,700,900
- Status: Active
- Type: Retail
- MLS ID: 2223384
- Updated: 5/3/2024
- Added to Site: 589 day(s) ago
Business
- Name: Lobster House
Location
- Area: 16J Myrtle Beach Area--includes Prestwick & Lakewo
- County: Horry
- Driving Directions: Head south on Kings Hwy toward Surfside Beach. The property is on the left side, east of Hwy 17 business.
Structural Information
- Stories/Levels: 2
- Living Area: 10,200 Sq. Ft.
- Current Bldg. Use: Restaurant
- Year Built: 1983
Lot Features
- Lot Size (Acres): 1.18
- Lot Size Source: Assessor
- Zoning: C8
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Property ID: 44616030042
Listed by The MB Real Estate Store LLC
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Schools
Schools serving 5301 S Kings Hwy
School District:Horry County Schools
Rating | Name | Grades | Distance |
---|---|---|---|
Myrtle Beach Primary School
620 29th Ave N, Myrtle Beach, SC 29577 | 1-2 | 1.8 mi | |
Myrtle Beach Elementary School
950 Seahawk Way, Myrtle Beach, SC 29577 | 3-5 | 1.8 mi | |
Myrtle Beach Early Childhood School
612 29th Ave N, Myrtle Beach, SC 29577 | PK-K | 1.8 mi | |
3101 N Oak St, Myrtle Beach, SC 29577 | 6-8 | 1.9 mi | |
3302 Robert M Grissom Pkwy, Myrtle Beach, SC 29577 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5301 S Kings Hwy
Date
Details
Price
Change
Source
5/03/2024
Price Increased
$2,700,900
42.84%
MLS
2/17/2023
Price Reduced
$1,890,900
-5.02%
MLS
10/23/2022
Listed
$1,990,900
216.02%
MLS
7/24/2013
Sold
$630,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5301 S Kings Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,011
2%
$53,410
-39%
2021
$11,824
6%
$87,096
—
2020
$11,185
—
$87,096
-90%
2019
$11,185
11%
$890,157
15%
2018
$10,108
1%
$774,050
—
2017
$10,030
-28%
$774,050
—
2015
$13,993
—
$774,050
-29%
2015
$13,993
3%
$1,084,450
—
2014
$13,524
-3%
$1,084,500
1486%
2013
$14,010
—
$68,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5301 S Kings Hwy
5301 S Kings Hwy., Myrtle Beach, SC 29575 (MLS# 2223384) is a Retail property. 5301 S Kings Hwy. is currently listed for $2,700,900 and was received on October 23, 2022. Want to learn more about 5301 S Kings Hwy.? Do you have questions about finding other Retail real estate for sale in Myrtle Beach? You can browse all Myrtle Beach real estate or contact a Coldwell Banker agent to request more information.