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Kings Highway, Myrtle Beach, SC 29577
$375,000
Kings Highway, Myrtle Beach, SC 29577View this property at Kings Highway, Myrtle Beach, SC 29577
Kings HighwayMyrtle BeachSC29577
Property Description
GREAT INVESTOR OPPORTUNITY!! Well established family-owned Restaurant/Bar business for sale (business only with property lease in place). Are you ready to take the reins of a thriving restaurant and bar with a rich history of success? LOOK NO FURTHER! This well established, family-owned business has been a beloved cornerstone of the community for over two decades, and it's now available for a passionate entrepreneur to continue its legacy of warm hospitality. Nestled in a prime location, this restaurant/bar enjoys high visibility and accessibility. It's situated in a bustling commercial area, surrounded by offices, shops, residential neighborhoods and the airport. This strategic positioning ensures a steady flow of loyal patrons and attracts new customers daily. For 20 years, this restaurant/bar has been a cherished destination for locals and visitors alike. The family's dedication to impeccable service and daily specials has earned an outstanding reputation in the community. Step inside and you'll immediately feel the warm, inviting ambiance that this establishment is known for. The interior is tastefully decorated, blending contemporary elements with classic charm. The spacious dining area accommodates guests comfortably, whether they're enjoying a romantic dinner, gathering with friends, or watching the big game at the well-appointed bar. A cozy outdoor patio is provided for smoking. The kitchen is fully equipped with appliances such as stove, ovens, pizza oven, fryers, refrigerators, freezers and a cooler ensuring the consistency and quality that patrons have come to expect. The restaurant/bar has also cultivated a loyal following for its themed nights, live music events, and special promotions. This turnkey business opportunity comes with a strong financial track record and boasts steady sales. Detailed financial statements and a loyal customer base make this venture attractive to both seasoned restaurateurs and newcomers to the industry. With consistent revenue growth year after year, the potential is significant. Also, a staff of very dedicated employees. The current owners, after two decades of dedication, are ready to pass the torch to someone who shares their passion for food and hospitality. They are committed to ensuring a seamless transition, including training and support during the handover process. The sale includes all fixtures, equipment, furniture and inventory, allowing you to start running the business from day one. You'll also benefit from the well-trained and experienced staff who are integral to the restaurant/bar's success.
Full Property Details
Full Property Details for Kings Hwy
General
- Price: $375,000
- Status: Active
- Type: Business
- MLS ID: 2318777
- Updated: 3/19/2024
- Added to Site: 262 day(s) ago
Location
- Area: 16G Myrtle Beach Area--Southern Limit to 10TH Ave
- County: Horry
Structural Information
- Stories/Levels: 1
- Living Area: 3,200 Sq. Ft.
- Current Bldg. Use: Restaurant
Lot Features
- Lot Size Source: Estimated
- Zoning: commercial
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.50%
Listed by Realty ONE Group Dockside
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Schools
Schools serving Kings Hwy
Rating | Name | Grades | Distance |
---|---|---|---|
Myrtle Beach Primary School
620 29th Ave N, Myrtle Beach, SC 29577 | 1-2 | 0.4 mi | |
Myrtle Beach Early Childhood School
612 29th Ave N, Myrtle Beach, SC 29577 | PK-K | 0.4 mi | |
Myrtle Beach Elementary School
950 Seahawk Way, Myrtle Beach, SC 29577 | 3-5 | 0.5 mi | |
3101 N Oak St, Myrtle Beach, SC 29577 | 6-8 | 0.2 mi | |
905 International Dr, Myrtle Beach, SC 29579 | 6-8 | 3.9 mi | |
150 Revolutionary War Way, Myrtle Beach, SC 29579 | 6-8 | 3.9 mi | |
3302 Robert M Grissom Pkwy, Myrtle Beach, SC 29577 | 9-12 | 0.7 mi | |
Academy For Arts, Science, and Technology
895 International Dr, Myrtle Beach, SC 29579 | 9-12 | 3.7 mi | |
700 Gardner Lacy Rd, Myrtle Beach, SC 29579 | 9-12 | 7.8 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 Kings Hwy
Date
Details
Price
Change
Source
3/19/2024
Price Reduced
$375,000
-5.06%
MLS
1/03/2024
Price Reduced
$395,000
-2.47%
MLS
10/13/2023
Price Reduced
$405,000
-4.71%
MLS
9/15/2023
Listed
$425,000
—
MLS
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 Kings Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2023
$29,812
9%
$105,274
-2%
2021
$27,391
1%
$107,682
—
2020
$27,128
—
$107,682
-94%
2019
$27,128
-8%
$1,754,567
-5%
2018
$29,582
1%
$1,853,459
—
2017
$29,248
-6%
$1,853,459
—
2015
$31,190
—
$1,853,459
-7%
2015
$31,190
3%
$1,999,387
—
2014
$30,326
20%
$1,999,400
1599%
2013
$25,192
—
$117,708
—
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 Kings Hwy
Kings Highway, Myrtle Beach, SC 29577 (MLS# 2318777) is a Business property. Kings Highway is currently listed for $375,000 and was received on September 15, 2023. Want to learn more about Kings Highway? Do you have questions about finding other Business 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.