For Sale
$7,400,000

2209 Ocean Blvd Myrtle Beach, SC 29577

Prime Location, 54 Units, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional oceanfront motel in Myrtle Beach, South Carolina presents a lucrative investment opportunity. The property, located at 2209 S Ocean Blvd, boasts 54 oceanfront units within a 35,400 square foot building situated on a 0.65-acre lot. The nine-story structure enjoys 160 feet of direct Atlantic Ocean frontage, offering unparalleled views and beach access. Its MU-H zoning allows for a variety of hospitality uses. The asking price is $7,400,000, translating to $293.09 per square foot. Conveniently located approximately 1.5 miles from Myrtle Beach International Airport and The Market Common, and within 2 miles of major tourist attractions including Ripley's Believe It or Not, Gay Dolphin, and the Sky Wheel, this motel benefits from its proximity to the heart of Myrtle Beach's vibrant tourism scene. Myrtle Beach's renowned beaches, golf courses, and diverse attractions draw over 20 million visitors annually, ensuring consistent demand. Horry County's rapid growth further enhances the property's long-term investment potential. The property's APN is 44502010198. This is a rare chance to acquire a highly profitable, established hospitality business in one of the East Coast's premier resort destinations.

Highlights

  • Oceanfront motel with 54 units in Myrtle Beach, SC.
  • 35,400 square foot building on a 0.65-acre lot with 160 feet of ocean frontage.
  • Nine-story building with MU-H zoning.
  • Asking price: $7,400,000 ($293.09/SF).
  • Located 1.5 miles from Myrtle Beach International Airport and The Market Common, near major attractions.
  • APN: 44502010198.

Property Details for 2209 Ocean Blvd

Property type
Hospitality properties, Motels
Square Feet
35,400 SF
Stories
9
Lot Size (sq. ft)
28,314 SF

Location Insight

City
Myrtle Beach
County
Horry
State
South Carolina
Latitude
33.6670412
Longitude
-78.9078499

FAQs

What type of property is this?
Hospitality property - Prime Location, 54 Units, High ROI
Where is the hospitality property located?
The property is located at 2209 Ocean Blvd Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: Oceanfront motel with 54 units in Myrtle Beach, SC.; 35,400 square foot building on a 0.65-acre lot with 160 feet of ocean frontage.; Nine-story building with MU-H zoning.
How can I contact the broker?
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2209 Ocean Blvd
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