Viewing Listing MLS# 2322475

$850,000 | N/A beds | N/A full baths | N/A half baths | 2,556 sqft

$675,000
500 N Kings Hwy.
Myrtle Beach, SC 29577
  • HCZoning
  • 2,556SqFt
  • 1Units
  • N/ASale/Rent
  • N/AWet Lands
  • 0.48Acres
  • MLS# 2322475
  • Commercial
  • Retail
  • Sold

  • Approx Time on Market2 months, 20 days
  • AreaMyrtle Beach Area--Southern Limit To 10th Ave N
  • CountyHorry
  • Subdivision N/A

Overview

Welcome to the historic heart of Myrtle Beach! This captivating real estate listing offers an incredible opportunity to establish your business in a prime location just two blocks from the ocean. Situated on a nearly half-acre lot, this property was previously home to the iconic and beloved Farmhouse restaurant, a local legend that has been serving the community for over 50 years. The property features a free-standing 2,700 square foot retail/restaurant space, strategically positioned on a corner lot in a high-traffic area off Business 17. With its convenient location, your business will benefit from maximum visibility and exposure to both locals and tourists alike. Upon entering, you'll be greeted by a charming interior that exudes a timeless ambiance. The main floor boasts a spacious layout that includes a full kitchen with ample storage, perfect for accommodating any culinary concept. Additionally, there is a separate bar area, ideal for creating a dynamic atmosphere for your patrons to enjoy. Upstairs, you'll discover three inviting bedrooms, offering versatility and potential for various uses. This rare property also boasts a basement, providing extra space for storage or expansion possibilities. As if the location and building weren't enticing enough, the future expansion of Highway 501 into four lanes promises to bring even more traffic and potential customers to the property.



Sale Info

Listing Date: 11-03-2023

Sold Date: 01-24-2024

Aprox Days on Market: 
    2 month(s), 20 day(s)

Listing Sold: 
    9 month(s), 23 day(s) ago

Asking Price: $850,000

Selling Price: $675,000

Price Difference: 
Reduced By $175,000

Agriculture / Farm

Grazing Permits Blm:  ,No,

Horse:  No

Grazing Permits Forest Service:  ,No,

Other Structures:  LivingQuarters

Grazing Permits Private:  ,No,

Irrigation Water Rights:  ,No,

Farm Credit Service Incl:  ,No,

Crops Included:  ,No,

Association Fees / Info

Hoa:  No

Assoc Amenities:  Storage

Bathroom Info

Building Info

New Construction:  No

Num Stories:  2

Levels:  Two

Mobile Home Remains:  ,No,

Zoning:  HC

Building Features:  HandicapAccess, KitchenFacilities, PrivateRestrooms, PoleSign, PublicRestrooms

Construction Materials:  WoodFrame

Buyer Compensation

Exterior Features

Spa:  No

Window Features:  DisplayWindows

Exterior Features:  Storage

Financial

Lease Renewal Option:  ,No,

Garage / Parking

Garage:  No

Carport:  No

Open Parking:  No

Attached Garage:  No

Interior Features

Fireplace:  No

Interior Features:  Storage

Lot Info

Lease Considered:  ,No,

Lease Assignable:  ,No,

Acres:  0.48

Land Lease:  No

Misc

Pool Private:  No

Offer Compensation

Property Info

County:  Horry

Current Use:  Restaurant, Retail

View:  No

Number of Units Total:  1

Senior Community:  No

Stipulation of Sale:  None

Habitable Residence:  ,No,

Property Sub Type Additional:  Retail

Property Attached:  No

Rent Control:  No

Room Info

Basement:  ,No,

Sold Info

Sold Date:  2024-01-24T00:00:00

Sqft Info

Sqft:  2556

Tax Info

Unit Info

Utilities / Hvac

Cooling:  WallWindowUnits

Electric On Property:  No

Cooling:  Yes

Sewer:  SepticTank

Heating:  No

Waterfront / Water

Waterfront:  No

Directions

Corner Lot located at the intersection of Highway 17 Business & 5th Avenue North, Myrtle Beach

Courtesy of Bhgre Paracle Myrtle Beach 

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Price & Status History (on dev53.myrsoldev3.com since Fri, Nov 3rd 2023)
  • Original Price: $850,000
  • Current Price: $850,000
  • Price Reduced: $0
Date ChangedFromTo
01/24/2024Active Under ContractSold
12/13/2023ActiveActive Under Contract

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MLS IDX data last updated on 11-16-2024 2:46 PM EST.

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