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3986 Highway 17 Business 18,650 SF Retail Building Murrells Inlet, SC 29576 $2,990,000 ($160.32/SF)

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Executive Summary

Price Improvement! Prime Investment & Redevelopment Opportunity in Murrells Inlet Unlock the potential of this 2.9-acre commercial property, strategically located just across from the Marsh Walk in Murrells Inlet. Featuring an 18,650 sq. ft. building (16,000 sq. ft. under roof), this property offers a rare combination of income stability and future redevelopment possibilities. Key Highlights: Zoned General Commercial, providing flexibility for various business uses Long-term tenant in place – Lazy Gator Gifts, a well-established business operating on site for 18 years New roof for added value and reduced maintenance costs Additional income potential: Conceptual plans available for residential development on the rear parcels or a paid parking opportunity Whether you're an investor looking for strong cash flow or a developer seeking a prime redevelopment site, this property is a must-see. Don’t miss your chance to capitalize on one of Murrells Inlet’s most sought-after commercial locations. Contact us today for more details or to schedule a private tour! Tenant in place, must schedule showings.

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Freestanding

Building Size

18,650 SF

Building Class

Year Built

1980

Price

$2,990,000

Price Per SF

$160.32

Tenancy

Single

Building Height

1 Story

Building FAR

0.14

Lot Size

2.96 AC

Zoning

GC - Commercial

Parking

120 Spaces (6.43 Spaces per 1,000 SF Leased)

Frontage

146’ on Chandler Ave

Pylon Sign

Signage

Major Tenants

Lazy Gator began in 2006 as a unique gift shop in Murrells Inlet, South Carolina, aiming to provide visitors with a distinctive shopping experience. The store features over 12,000 square feet of space filled with coastal decor, jewelry, gourmet foods, and souvenirs. Known for its homemade fudge and extensive gift selection, the shop has become popular with tourists and locals alike. In addition to retail offerings, Lazy Gator maintains an active online presence. The business continues to serve as a key destination for those seeking specialty items in the Grand Strand region.

Tenant	Industry	SF Occupied	Rent/SF			Lease End
	-	-	-			-

1 1

Map
Traffic

Property Taxes

Parcel Numbers	Multiple 41-0114-096-01-00 41-0114-099-00-00 41-0114-099-01-00 41-0114-094-02-00 41-0114-094-01-00 41-0114-094-03-00 41-0114-098-00-00 41-0114-100-00-00 41-0114-095-00-00 41-0114-096-00-00 41-0114-097-00-00	Improvements Assessment	$212
Land Assessment	$58,932	Total Assessment	$59,144