507 Ocean Blvd Myrtle Beach, SC 29577

This exceptional 39-unit hotel, located at 507 S Ocean Blvd in North Myrtle Beach, South Carolina, presents a unique investment opportunity. Boasting 17,210 square feet on a 0.41-acre lot, this four-story property underwent a complete renovation in 2023-2024, resulting in a completely modernized facility. All aspects of the hotel are brand new, including all electrical wiring, plumbing, HVAC units, roof, flooring, bathrooms, furniture, blinds, appliances, TVs, exterior and interior paint, signage, lobby, and parking. The pool and all common areas were also renovated in 2024. The hotel opened for business in April 2024 and features a modern design and decor, custom showers, a commercial laundry facility, multiple storage areas, and ample on-site parking. Its prime location on North Ocean Boulevard places it within walking distance of the Sky Wheel and directly across from the ocean. The property is zoned MU-H and has a total of 39 units. The asking price is $4,290,000, resulting in a price per square foot of $319.48. The property's APN is 44408010202. Note that an adjacent property, 509 N. Ocean Blvd, with an additional 24 units, is also available for purchase.