Retail•Restaurant•For Sale

Lobster House Seafood Restaurant (Land Building Only)

5301 S Kings Hwy, Myrtle Beach, South Carolina 29575

Sale Price $1,349,000
Sale Type Owner User
Zoning Highway Commercial (HC), County of Horry, SC.
Class B
Status Existing
Year Built 1983
Gross Bldg 8,334 SqFt
Land Area .52 Acres
Improvements SITE CONSISTS OF TWO (2) PARCELS.
OFFERED FOR SALE is the Lobster House Seafood Restaurant - land & building only. This listing excludes the business, all FF&E and trade name. This is strictly a building and land purchase. Located on Eastern side of US Highway 17 Business on the South end of Myrtle Beach. Easily accessible via Highway 17 Bypass, US Highway 544 and Farrow Parkway. Excellent Visibility from US Highway 17 Business.
  • REAL ESTATE:
  • Approximately 1.18 Acres
  • 2 Parcels, Identified as PIN's: 44616030042 and 44615040070, County of Horry, SC.
  • Approximately 290 Feet of Frontage on South Kings Highway
  • Average Daily Traffic Count-31,100 (SCDOT 2018)
  • Annual Real Estate Taxes 2019: $13,390, County of Horry, SC
  • IMPROVEMENTS:
  • Free Standing Building, Measuring Approximately 8,330 SF
  • Constructed in 1983
  • Current Seating Configuration includes Approximately 200 Dining Room Seating, with room for additional seats
  • Bar Area Currently Seats 10
  • Asphalt Paved Parking Lot with Approximately 90 Stripped Spaces
  • Curb Cut Access for Southbound Traffic
  • Billboard on site for extra income potential
  • Bonus 2nd floor apartment adds potential for additional revenue
11/13/2019 7:52:26 PM 1/21/2020 5:23:23 PM
Drew Langway
Agent
Keystone Commercial Realty
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