For Sale
$6,290,000

507 Ocean BlvdMyrtle Beach, SC 29577

Luxury 63-unit hotel, turnkey operation

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 63-unit hotel, located at 507-509 Ocean Blvd. N in Myrtle Beach, South Carolina, presents a lucrative investment opportunity. Boasting a prime oceanfront location, this newly renovated property offers a modern and stylish design, complete with custom showers and updated amenities throughout. The comprehensive 2023-2024 renovation encompassed all aspects of the building, including a complete electrical and plumbing overhaul, new HVAC systems, a new roof, updated flooring, renovated bathrooms, and brand new furniture, blinds, appliances, and televisions. The exterior and interior have received fresh paint, and the property features a new sign, lobby, and parking area. Common areas, including the pool, were also updated in 2024. This turnkey operation includes a convenient on-site commercial laundry facility and ample storage space. With 24,617 square feet on a 0.63-acre lot, the hotel is zoned MU-H and features four stories. The property opened for business in April 2024 and is offered at $6,290,000 ($284.72 per square foot). Its proximity to popular attractions like the Sky Wheel adds to its appeal. This is a rare chance to acquire a fully operational, modern hotel in a highly desirable location. The property's APN is 44408010201

Highlights

  • 63-unit oceanfront hotel in Myrtle Beach, SC.
  • Newly renovated in 2023-2024 with updated amenities, including new HVAC, plumbing, electrical, roof, flooring, bathrooms, furniture, and appliances.
  • Turnkey operation with on-site laundry and ample storage.
  • 24,617 sq ft on a 0.63-acre lot, four stories, MU-H zoning.
  • Offered at $6,290,000 ($284.72 PSF). APN: 44408010201.

Property Details for 507 Ocean Blvd

Property type
Hospitality properties, Hotels
Square Feet
24,617 SF
Stories
4
Lot Size (sq. ft)
27,443 SF
Units
63

Location Insight

City
Myrtle Beach
County
Horry
State
South Carolina
Latitude
33.688347261432
Longitude
-78.883319398467
507 Ocean Blvd, Myrtle Beach, South Carolina

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507 Ocean Blvd
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