2207 S Ocean Blvd - Apartments FOR SALE


Myrtle Beach, SC 29577
$16,500,000 USD
803-371-7839
2207 S Ocean Blvd, Myrtle Beach, SC for Sale
$16,500,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

2207 S Ocean Blvd
Myrtle Beach, SC 29577


HIGHLIGHTS

  • Oceanfront Condo-to-Apartment Conversion Opportunity in Myrtle Beach, South Carolina
  • Includes Ground-Level Retail and Existing Hospitality Infrastructure for Flexible
  • Repositioning Resort-Style Amenities Including Pools, Hot Tubs, and Lazy River
  • Prime Coastal Location Along S Ocean Boulevard with Strong Year-Round Demand
  • Just 1.8 Miles From Broadway at the Beach and 4.4 Miles from Myrtle Beach International
  • Airport Significant Upside Through Long-Term Rental Strategy and Asset Modernization

OVERVIEW

Marcus & Millichap is pleased to present Sandcastle South, a premier oceanfront condo-to-apartment conversion opportunity with retail and hospitality infrastructure located at 2207 S Ocean Boulevard in the heart of Myrtle Beach, South Carolina. This resort-style asset offers a rare chance to reposition a hospitality-focused property into a stabilized multifamily or extended-stay rental investment in one of the Southeast’s most visited beach destinations. The property features an array of resort-style amenities, including multiple pools, hot tubs, and a lazy river, signi?cantly boosting its long-term rental appeal. Sandcastle South’s direct beachfront location is further complemented by its proximity to Myrtle Beach’s top demand drivers, just 1.8 miles from Broadway at the Beach and 4.4 miles from Myrtle Beach International Airport. With existing ground-level retail and hospitality infrastructure already in place, the asset offers immediate operational potential and long-term value through strategic repositioning.

FOR SALE DETAILS

PRICE

$16,500,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

165

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sandcastle South Condos

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

14

YEAR BUILT

1998

PARKING SPACES

455

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,118 SF

ZONING

-

APN/PARCEL ID

44502010206,44502010248,44502010249,44502010251,44502010259,44502010266,44502010340,44502010426

ASK ABOUT THIS PROPERTY

William GravesMarcus & MillichapMore Info
803-371-7839

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William GravesMarcus & MillichapMore Info
803-371-7839

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