Myrtle Beach, SC
Commercial Real Estate Market Trends & Data

$415 Avg asking sale price
$1,546 Avg asking lease rate
10,829 SF Avg unit lease size
17,070 SF Avg building size for sale
6.73% Average cap rate

Myrtle Beach's Demographic Profile

Myrtle Beach has 20,407 households and a median income of $48,318, providing context for rent absorption and tenant demand across retail and multifamily assets. A +21% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 44,756
# Households 20,407
Median age 49
Median household income $48,318
Avg household size 2.0
Renter-occupied housing units 8,123
5-year population change +21%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Myrtle Beach, SC

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Myrtle Beach $679 18,206 SF 6.90%
North Myrtle Beach $578 5,422 SF 5.20%
Nearby Retail Markets Avg Cost/SF Typical Size
Myrtle Beach $797 10,667 SF
Surfside Beach $363 8,260 SF
Garden City $832 9,109 SF
Conway $926 4,869 SF
Murrells Inlet $814 7,473 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Myrtle Beach $211 17,128 SF 8.40%
Garden City $307 30,021 SF 8.40%
Murrells Inlet $534 16,351 SF 9.69%
Hemingway $57 49,600 SF 5.16%

Commercial Properties For Sale in Myrtle Beach

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Hardwick Lots

Myrtle Beach, SC 29588

  • 5 AC Lot
  • 1 Commercial Lot
  • $1,500,000
For Sale

Indigo Hotel

Myrtle Beach, SC 29577

  • 25,248 SF Hospitality
  • $7,450,000
For Sale

307 Broadway St

Myrtle Beach, SC 29577

  • 1,100 SF Retail Building
  • $195,000
For Sale

The Edge at Waikiki Village

Myrtle Beach, SC 29577

  • 27,590 SF Multifamily
  • $5,450,000
For Sale

Palms by the Beach

Myrtle Beach, SC 29577

  • 24,060 SF Hospitality
  • $4,200,000
For Sale

3104 N Ocean Blvd, North Myrtle Beach

Myrtle Beach, SC 29577

  • 7,644 SF Multifamily
  • $2,890,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Single Tenant Triple Net Lease Investing
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How to Buy a Hotel
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Modified Gross Lease Explained for CRE Investors
Modified Gross Lease Explained for CRE Investors
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Duplex vs. Triplex vs. Fourplex Comparison for Real Estate Investors
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Compare financing options, management requirements, and risk factors across 2-4 unit properties to choose the right investment for your goals
Land Entitlement
Land Entitlement
Identifying Risks and Mitigation Strategies for Unentitled Land
Land Loan Calculator
Land Loan Calculator
Use this calculator to estimate monthly payments, interest, and total financing costs for raw, unimproved, or improved land purchases.
Multifamily Financing Options & Rates
Multifamily Financing Options & Rates
A comprehensive overview of multifamily loan programs, current market rates, and essential requirements for successful financing in today's market
What are Reciprocal Easement Agreements in CRE?
What are Reciprocal Easement Agreements in CRE?
REAs In Commercial Real Estate Generally Apply to Retail, Office and Mixed-Use Projects

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Myrtle Beach pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Myrtle Beach $415 17,070 SF
Surfside Beach $363 8,260 SF
Garden City $460 17,969 SF
Conway $810 5,446 SF
Murrells Inlet $674 35,371 SF

Multifamily Properties For Sale in Myrtle Beach

For Sale

3104 N Ocean Blvd, North Myrtle Beach

Myrtle Beach, SC 29577

  • 7,644 SF Multifamily
  • $2,890,000
For Sale

2010 S Ocean Blvd

Myrtle Beach, SC 29577

  • 40,480 SF Multifamily
  • $6,750,000

Regional Demographic Comparison

This comparison places Myrtle Beach alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Myrtle Beach or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Myrtle Beach 44,756 20,407 49 $48,318 2 8,123 21%
Surfside Beach 7,428 3,607 57 $59,106 2 1,108 26%
Garden City 13,445 6,644 61 $52,923 2 1,423 22%
Conway 20,713 7,938 38 $44,896 2 2,675 17%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Myrtle Beach, SC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Myrtle Beach

View All Commercial Real Estate For Sale in Myrtle Beach
Is Myrtle Beach a good market for a first-time commercial real estate investor?

Myrtle Beach offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Myrtle Beach?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Myrtle Beach. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Myrtle Beach?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Myrtle Beach. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Myrtle Beach compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Myrtle Beach. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Myrtle Beach acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Myrtle Beach, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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