509 N Ocean Blvd - Hospitality FOR SALE


Myrtle Beach, SC 29577- Downtown Myrtle Beach
$2,290,000 USD
843-222-6357
509 N Ocean Blvd, Myrtle Beach, SC for Sale
$2,290,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

509 N Ocean Blvd
Myrtle Beach, SC 29577
Downtown Myrtle Beach


OVERVIEW

Brand New and Turn-Key 24 door hotel located on N. Ocean Blvd, just a short walk from the Sky Wheel and across the street fromthe beach. Modern design and decor, custom showers fully operational. The property went through a Complete renovation in 2024.All aspects of the property are new. All electric rewired, all plumbing replaced. All HVAC units NEW. New roof, New flooring, Newbathrooms, NEW furniture, New blinds, NEW appliances and TV's. New Exterior and interior paint, New Sign, New Lobby, Newparking. The pool and all common areas were redone in 2024. Commercial laundry facility on site. Multiple storage areas andmuch more. Opened for business in April of 2024.There is an option to purchase the property next door with an additional 39doors. Please call the listing agent for additional information.

FOR SALE DETAILS

PRICE

$2,290,000 USD

PRICE/SF

$267 USD /SF

# OF ROOMS

24

PRICE/ROOM

$95,417 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5th and Ocean

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1968

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,606 SF

ZONING

MU-H

APN/PARCEL ID

44408010201

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.