For Sale
$2,640,000

509 Ocean BlvdMyrtle Beach, SC 29577

Prime location, 24-unit hotel, turnkey operation.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 24-unit hotel, located at 509 Ocean Blvd. N in Myrtle Beach, South Carolina, presents a lucrative investment opportunity. Boasting 8,592 square feet on a 0.22-acre lot (APN 44408010201), this four-story property underwent a complete renovation in 2024, resulting in a brand-new, turnkey operation. All aspects of the hotel are new, including electrical rewiring, plumbing, HVAC units, roof, flooring, bathrooms, furniture, blinds, appliances, TVs, exterior and interior paint, signage, lobby, and parking. The pool and common areas were also completely redone in 2024. The hotel features a modern design and decor, custom showers, and a commercial laundry facility on-site. Multiple storage areas add to the property's functionality. Opened for business in April 2024, this hotel is conveniently situated within walking distance of the Sky Wheel and directly across from the beach, benefiting from its prime oceanfront location. The property is zoned MU-H. An adjacent property with an additional 39 units is optionally available for purchase. This turnkey operation offers immediate income potential and significant upside. The asking price is $2,640,000, translating to $528 per square foot. The estimated road frontage is 158 feet.

Highlights

  • 158 feet of estimated road frontage.
  • Full-service listing.

Property Details for 509 Ocean Blvd

Property type
Hospitality properties, Motels
Square Feet
8,592 SF
Stories
4
Lot Size (sq. ft)
9,583 SF
Units
24

Location Insight

City
Myrtle Beach
County
Horry
State
South Carolina
Latitude
33.688418283195
Longitude
-78.883251602042
509 Ocean Blvd, Myrtle Beach, South Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
509 Ocean Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message