1304 Ocean BlvdMyrtle Beach, SC 29577

This 11-story, 53,539 square foot oceanfront hotel in Myrtle Beach, South Carolina boasts 80 keys, each with an ocean view and a fully equipped kitchen. Built in 1982 on a 1.17-acre lot, this property offers 58 feet of pristine beachfront access directly on the Myrtle Beach Boardwalk. All 80 units are individually condo-titled, providing significant flexibility for business plan execution, including potential for individual condo sales, rental pool programs, or fractional ownership. The hotel's prime location in the heart of Myrtle Beach, near the airport and major attractions, benefits from a high barrier to entry in a high-demand market. Myrtle Beach's rapid population growth and designation as the fastest-growing city in the US for three consecutive years further enhances the investment potential. The unbranded nature of the hotel allows for flexible repositioning and the opportunity to maximize average daily rate (ADR) with a new management team. Furthermore, the property's location within a Qualified Opportunity Zone (QOZ) provides significant tax advantages for investors. Amenities include two outdoor pools, four whirlpools, and a shuffleboard court. The asking price is $11,000,000.