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$1,295,000
Commercial Interior: 3,610 sqft Lot: 0.47 acre(s) Year Built: 1960 MLS #: 2304306
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412 N Kings Hwy
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Presented by Pam Davis Guthrie |
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Description$1,295,000 Free standing Restaurant on its own land.
One owner deceased and one spouse retired - Purchase TODAY. Great price !!
RARE opportunity to purchase this CORNER PROPERTY: Two lots: LAND (120’ x 167’ = .47 almost half an acre) BUILDING (approx 3610sqft), and the BUSINESS "PIZZA A LA ROMA III" serving up delicious food.
LOCATION LOCATION LOCATION:
ONLY 2 BLOCKS TO THE OCEANFRONT !!!
: In the HEART of Myrtle Beach and DIRECTLY on King's Hwy just a few blocks south of MAIN STREET - With an average daily HIGH TRAFFIC count of 33,000, business is at your door step !!
Please read more about DOWNTOWN REVITALIZATION plans on the City of MB website, as this property is within the "OPPORTUNITY ZONE". There are INCENTIVES in place that your buyer may be highly interested in.
BUSINESS IS BOOMING. In the month of March 2021, the income was better than any other March in the recorded history of the business. The people are coming to this well known restaurant and have been doing so since 1979. FAMILY OWNED and OPERATED. BUY now before prices escalate even more. Run the restaurant as it has been run for more than 40 years, OR, implement your own ideas.
PLENTY OF ROOM for FUTURE BUSINESS such as opening for BREAKFAST, or running a late night business with deliveries. MUCH SUCCESS already with DOORDASH, GRUB HUB, UBER EATS and other food delivery companies. Easy access to and from the restaurant with entrances from King's Hwy and also 5th Ave N. Parking for 40 spaces.
Occupancy 120.
Surrounded by plenty of Hotels and Motels.
ONLY 2 BLOCKS TO THE OCEANFRONT. -----------
The Myrtle Beach housing market is up 18% from last year. -------
NEW ROOF only 3 years old.
Parking lot resurfaced 3 years ago.
One HVAC system is approx 3 years old, the other only 6 years old. -------
--- The restaurant features a BUFFET BAR, SEPARATE ROOMS FOR BIRTHDAYS, ANNIVERSARIES, PARTIES etc. They also have great online reviews because their food is PHENOMENAL !! ---
GET YOUR INVESTOR THINKING CAPS ON BECAUSE YOU COULD EVENBUY THE BUILDING WITH LAND AND THEN LEASE TO SOMEONE ELSE WANTING TO RUN A RESTAURANT. ---- NOW IS THE TIME - NO DELAYS. TURN KEY READY !!
*Selling because the remaining owner has retired and her husband passed away in 2019. She has been in the kitchen since 1979. Bless her heart. Let’s help her to relax and enjoy the rest of her life.
This GREAT property is within the MYRTLE BEACHOPPORTUNITY ZONE !! Share the links below with your buyers because there are GREAT INCENTIVES in place by the City of Myrtle Beach for the Downtown Revitalization Program: https://cms6.revize.com/revize/myrtlebeachsc/i_want_to/learn_about/docs/Prospectus%20-%20Myrtle%20Beach%20Opportunity%20Zones.pdf
This will sell soon even with the low numbers because with a vision and smart business plan, this property can draw in the crowds of people coming to Myrtle Beach. Owner’s son willing to stay and help new buyers for one month for a negotiated fee of $10,000 if needed
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