606 N Ocean Blvd - Hospitality FOR SALE


Myrtle Beach, SC 29577- Downtown Myrtle Beach
$7,600,000 USD
843-222-6357
606 N Ocean Blvd, Myrtle Beach, SC for Sale
$7,600,000 USD
Hospitality - FOR SALE
1/24
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606 N Ocean Blvd
Myrtle Beach, SC 29577
Downtown Myrtle Beach


HIGHLIGHTS

  • ocean front property, commercial and restaurant space, close to restaurants and right on the boardwalk

OVERVIEW

Sale Includes building, Business, land, equipment, inventory, good will, signs. The terms of sale are conventional, Cash, or owner w/Consider Financing Welcome to The Diplomat, an ICONIC Ocean Front Property located on Ocean Blvd and 7th Avenue North, Right on the Boardwalk and a short walk to the Myrtle Beach SkyWheel. Property: Oceanfront 54-Unit Building + Commercial Restaurant Space Location: 606 N. Ocean Blvd, Myrtle Beach, SC 29577 Oceanfront property and an additional parcel at 301 7th Ave North (parking lot). Lot Size: 0.6 acres (building) + 0.2 acres (vacant/parking). Total of 0.8 acres. Building Size: ±24,000 SF PROPERTY OVERVIEW: 54-unit building on oceanfront lot. Street-level commercial restaurant which was just redone in 2025. 0.2-acre lot at 301 7th Ave North used for parking. Prime location within Myrtle Beach’s entertainment district. MARKET & ZONING INFORMATION Zoning: MU-H (Mixed Use High Density) for main parcel; Downtown Redevelopment. Restaurant Market: Strong walk-in traffic due to location along the Grand Strand’s primary tourism corridor. INVESTMENT HIGHLIGHTS High-demand tourism market. Oceanfront positioning with added value of separate parking parcel Mixed-use income diversity: residential + food/beverage Potential for operational optimization or redevelopment. Located on the oceanfront where the new Hwy 501 East Connector will end at the Diplomat Motel Oceanfront. (The Diplomat Motel is located in the DRC ,Downtown Redevelopment Comm Corridor. Zoned TA-80 (Transient Accommodations). Floating Zoning area. Opportunity Zone Updated in 2018.) Financials are available to qualified buyers. Amenities - Exterior pool, The Boardwalk opened in the summer of 2010 the Diplomat Motel has 200' of hotel frontage directly in front of the hotel for its guest. Two beach accesses, one on the North side and one on the South side. Pizzeria with a diverse cuisine ON PROPERTY!!! And only blocks away Ripley's Believe It Or Not, Myrtle Beach Sky-wheel and Sling Shot, The Gay Dolphin-largest gift shop on the beach, The Bowery home of country music super-group The Alabama Band, and many unique restaurants, and you can't miss a walk through I LOVE SUGAR candy store with hundreds of unique sweet candy's across from the Gay Dolphin, so much more to do!! You can stay a week and never have to drive!!

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$326 USD /SF

# OF ROOMS

54

PRICE/ROOM

$140,741 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Diplomat

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,231 SF

ZONING

MU-H

APN/PARCEL ID

44408010194

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.