For Sale
$6,490,000

5400 Ocean BlvdMyrtle Beach, SC 29577

Prime Location, Newly Renovated

Overview

Added:
Dec 11, 2024
Days on market:
114
The Mermaid Inn, a newly renovated oceanfront boutique hotel in Myrtle Beach, SC, presents a rare investment opportunity. This 57-key, 28,551 square foot property sits on a prime 1-acre oceanfront lot at 5400 N Ocean Blvd, 29577. Completely renovated in 2023, the three-story building boasts 102 beds and offers elegantly designed rooms, a pool deck, vending machines, and guest laundry facilities. Its location provides tranquil surroundings while remaining close to attractions and the airport. Currently operating and generating steady cash flow under third-party management, this stabilized investment offers immediate use or redevelopment potential due to its size and prime location. The property features unobstructed ocean views and represents a chance to own a piece of Myrtle Beach's coastline. Asking price is $6,490,000 ($227.31/sq ft). Built in 1971, the property's APN is 42115030095.

Highlights

  • $6,490,000 asking price for a stabilized hospitality investment.
  • Oceanfront Myrtle Beach hotel with 57 keys and 102 beds.
  • 28,551 square feet on a 1-acre lot, recently renovated in 2023.
  • Three-story building, offering both operational income and redevelopment potential.
  • Prime location near attractions and Myrtle Beach Airport, with amenities including a pool deck and guest laundry.

Property Details for 5400 Ocean Blvd

Property type
Hospitality properties, Hotels
Square Feet
28,551 SF
Year Built/Renovated
1971/2023
Buildings
1
Stories
3
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Myrtle Beach
County
Horry
State
South Carolina
Latitude
33.726062156713
Longitude
-78.838804682098
5400 Ocean Blvd, Myrtle Beach, South Carolina

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5400 Ocean Blvd
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