7501 N Ocean Blvd - Hospitality FOR SALE


Myrtle Beach, SC 29572
$2,575,000 USD
843-267-3585
7501 N Ocean Blvd, Myrtle Beach, SC for Sale
$2,575,000 USD
Hospitality - FOR SALE
1/29
null | Request Cap Rate

7501 N Ocean Blvd
Myrtle Beach, SC 29572


OVERVIEW

Located on prestigious North Ocean Blvd, this mid-century modern historic Motel is truly a gem. Placed on the National Register of Historic Places, this ultra cool motel has. been completely remodeled, redecorated, and refurbished. This beautiful second row property is just steps away from the beach and the blue Atlantic. The property boasts 25 guest rooms, plus a spacious 3-bedroom cottage, for a total of 26 keys. The courtyard features beautiful palm trees, a large swimming pool, covered cabana, and is accented with brand new deck furniture. All FF&E are included in the sale. The property is close proximity to the best dining and entertainment the north strand area has to offer. As other similar properties in the area are replaced with high rises, condos, and retail, this property is truly unique as it is required to remain a motel. The Holiday Shores is a grand mix of nostalgia, history, and mid-century modern cool.

FOR SALE DETAILS

PRICE

$2,575,000 USD

PRICE/SF

$114 USD /SF

# OF ROOMS

26

PRICE/ROOM

$99,038 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Shores

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

MU-H

APN/PARCEL ID

42201040162

ASK ABOUT THIS PROPERTY

Richard SingletonRE/MAX Southern ShoresMore Info
843-267-3585

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Richard SingletonRE/MAX Southern ShoresMore Info
843-267-3585

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