806 S Ocean Blvd - Hospitality FOR SALE


Myrtle Beach, SC 29577- Downtown Myrtle Beach
$4,995,000 USD
843-222-6357
806 S Ocean Blvd, Myrtle Beach, SC for Sale
$4,995,000 USD
Hospitality - FOR SALE
1/30
null | Request Cap Rate

806 S Ocean Blvd
Myrtle Beach, SC 29577
Downtown Myrtle Beach


HIGHLIGHTS

  • The Myrtle Beach area has experienced rapid growth, with a 23% increase between 2020 and 2023.
  • Guests willappreciate the direct ocean views and the convenience of being just steps away from the beach.
  • A short stroll leads to this 1.2-mile oceanfront boardwalk, lined with shops, restaurants, entertainment venues, offering stunning coastal view
  • Located along the boardwalk, this 187-foot Ferris wheel features climate-controlled gondolas, offering panoramic vistasof the coastline.
  • The property features an outdoorin-ground pool, a welcoming lobby area, ample parking, a commercial laundry facility, and multiple storage spaces.
  • The sale encompasses all furniture and fixtures, ensuring a seamless transition for new ownership.

OVERVIEW

Investor Alert – Prime Ocean Boulevard Opportunity Exceptional investment opportunity in the heart of Myrtle Beach. This 60-door hospitality property is constructed of durable concrete and steel and prominently positioned on a 0.83-acre corner lot at the intersection of South Ocean Boulevard and 9th Avenue South. Offering ocean views and located directly across from beach access, this highly visible, high-traffic location places you in one of the most desirable tourism corridors along the Grand Strand. The property features a newly installed roof in 2026, providing immediate capital improvement value. On-site amenities include an outdoor in-ground pool, welcoming lobby area, commercial laundry facility, multiple storage areas, and ample on-site parking. The sale includes all furniture, fixtures, and equipment, delivering a true turnkey investment opportunity. All licenses and permits are currently in effect, offering a seamless transition to operation. Guests enjoy walking-distance access to the iconic Myrtle Beach Boardwalk, the famous Myrtle Beach SkyWheel, Second Avenue Pier, Family Kingdom Amusement Park, along with abundant shopping, dining, and entertainment options. Second-row positioning across from the beach access provides the perfect balance of ocean proximity and long-term investment stability. PIN: 44311030054 Financial information available upon request.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$223 USD /SF

# OF ROOMS

60

PRICE/ROOM

$83,250 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1972

PARKING SPACES

68

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

MUH

APN/PARCEL ID

44311030054

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.