3801 Hwy 17 S - Hospitality FOR SALE


North Myrtle Beach, SC 29582
$7,000,000 USD
704-989-3500
3801 Hwy 17 S, North Myrtle Beach, SC for Sale
$7,000,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

3801 Hwy 17 S
North Myrtle Beach, SC 29582


HIGHLIGHTS

  • 79-room, three-story interior corridor hotel
  • Prime North Myrtle Beach location near Barefoot Landing and Cherry Grove Beach
  • Separate ±1,800 SF manager’s apartment ideal for an owner-operator
  • On-site modified triple net leased restaurant providing additional income
  • Located within the Grand Strand, attracting more than 18.2 million annual visitors annually

OVERVIEW

The Property is offered at $7,000,000 ($88,600 per key), representing a 3.9x total revenue multiple. After allocating value to the leased restaurant income, the implied multiple on the hotel operations is approximately a 3.75x room revenue multiple, presenting an attractive entry basis for an owner-operator seeking stable cash flow in the thriving North Myrtle Beach market. A separate building houses an approximately 1,800 square foot manager’s apartment featuring two bedrooms, two bathrooms, a full kitchen, and living area, providing attractive on-site accommodations and operational flexibility for an owner-operator. The on-site restaurant space (estimated ±2,350 SF) operates as AARIV Indian Cuisine with approximately five years remaining on the lease and scheduled annual rent increases totaling a 53.3% escalation over the initial term. Under a modified triple net structure, the tenant covers utilities, interior maintenance, insurance, and certain waste services, generating predictable and growing supplemental NOI without operational responsibility. The full Offering Memorandum and secure Data Room are available upon request. Search “Listings - Lodging Partners” and select Comfort Inn North Myrtle Beach – Barefoot Landing, or submit an inquiry through LoopNet. Broker cooperation is not offered. All inquiries must be directed to Lodging Partners. Property tours are strictly by appointment only. Do not contact hotel staff, management, ownership, or the restaurant tenant. To request access or schedule a tour, email Erin at Erin@Lodging-Partners.com

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$201 USD /SF

# OF ROOMS

78

PRICE/ROOM

$89,744 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn N Myrtle Beach Barefoot Landing

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1997

PARKING SPACES

108

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

GC

APN/PARCEL ID

39103020017

ASK ABOUT THIS PROPERTY

Erin Zitelli-DavisLodging Partners, LLCMore Info
704-989-3500

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Erin Zitelli-DavisLodging Partners, LLCMore Info
704-989-3500

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