1900 S Ocean Blvd - Hospitality FOR SALE


Myrtle Beach, SC 29577
$4,200,000 USD
843-222-6357
1900 S Ocean Blvd, Myrtle Beach, SC for Sale
$4,200,000 USD
Hospitality - FOR SALE
1/39
null | Request Cap Rate

1900 S Ocean Blvd
Myrtle Beach, SC 29577


HIGHLIGHTS

  • A rare opportunity to own a fully renovated 36-room hospitality property in one of the most sought-after locations along the Grand Strand.
  • Completely renovated in2022, the property has undergone a comprehensive top-to-bottom transformation.
  • Improvements include all-new electrical andplumbing systems, a new roof, new HVAC units, new flooring, new bathrooms, new vanities, new fixtures, new
  • The property features a total of 36 units including one-bedroom suites and efficiency.

OVERVIEW

Introducing Palms By The Beach, a rare opportunity to own a fully renovated 36-room hospitality property in one of the most sought-after locations along the Grand Strand. Ideally positioned directly on South Ocean Boulevard with beach access and beautifulocean views, this turnkey hospitality property offers exceptional potential and long-term investment value. Completely renovated in2022, the property has undergone a comprehensive top-to-bottom transformation. Improvements include all-new electrical andplumbing systems, a new roof, new HVAC units, new flooring, new bathrooms, new vanities, new fixtures, new doors, fresh interiorand exterior paint, and numerous additional upgrades. The property features a total of 36 units including one-bedroom suites andefficiency units, along with a lobby, a large outdoor swimming pool, an inviting sun deck, and ample on-site parking toaccommodate guests. Located in the heart of Myrtle Beach, this premier property is just minutes from the Myrtle Beach Boardwalk,Market Common, championship golf courses, shopping, dining, and countless entertainment attractions. Its prime location,exceptional visibility, and tourist demand create an outstanding opportunity. Whether you're looking to expand your hospitalityportfolio or secure a premier asset in one of South Carolina's most visited destinations, Palms By The Beach represents a trulyunique opportunity.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$175 USD /SF

# OF ROOMS

36

PRICE/ROOM

$116,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palms by the Beach

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

GB

APN/PARCEL ID

44315030096

ASK ABOUT THIS PROPERTY

Liat EdriRealty One Group DocksideMore Info
843-222-6357

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Liat EdriRealty One Group DocksideMore Info
843-222-6357

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.