806 Ocean Blvd Myrtle Beach, SC 29577

Exceptional investment opportunity: a 60-unit oceanfront hotel in Myrtle Beach, South Carolina, is available for $5,990,000. This three-story, 24,530-square-foot property sits on a 0.83-acre corner lot at 806 S Ocean Blvd, offering stunning ocean views across from the beach. Built with concrete and steel construction, the hotel boasts an in-ground pool, lobby area, ample parking, and a commercial laundry facility, along with multiple storage areas. All furniture and fixtures are included in the sale, making this a true turnkey operation. The high-traffic location places the hotel within easy walking distance of the Myrtle Beach boardwalk, Ferris wheel, pier, shopping, dining, and Family Kingdom amusement park. The property is currently zoned commercial but has the potential for conversion to multifamily housing, subject to City of Myrtle Beach approvals. Recent improvements include a new roof and $250,000 in renovations completed in 2023. With some adjustments, long-term rentals may be permitted, per the City of Myrtle Beach and seller. This is a rare opportunity to acquire a well-maintained, high-performing hotel in a prime location. Financial information is available upon request. The APN is 44311030054.