3701 Ocean BlvdNorth Myrtle Beach, SC 29582

Property Details for 3701 Ocean Blvd

Year built

1960

Lot size

0.19 AC

Property type

Land

Property subtype

Hospitality properties

Description

This exceptional investment opportunity presents a fully renovated 14-unit motel ideally situated in the desirable Cherry Grove section of North Myrtle Beach, South Carolina. Located directly across from the beach at 3701 N Ocean Blvd., this two-story property boasts a prime location just one block from the Cherry Grove pier and offers easy public beach access. Each of the 14 units features a single bedroom and bathroom, complete with modern amenities including tile floors, new full-size appliances, flat-screen TVs, remodeled bathrooms showcasing granite countertops, and elegant coffered ceilings. Further enhancing safety and security, the units are equipped with fire sprinklers. The property also includes a spacious sundeck providing stunning ocean views and convenient on-site laundry facilities. Built in 1960, this boutique motel sits on a 0.19-acre lot (APN: 35114040073) and is zoned R4, presenting potential for expansion. The asking price is $2,350,000, translating to $420.03 per square foot. This represents a rare chance to acquire a thriving hospitality business in a high-demand coastal location. The property's strong rental history and potential for increased revenue make it an attractive investment for discerning buyers. Don't miss this opportunity to own a piece of North Myrtle Beach's vibrant tourism industry.

Location Insight

City

North Myrtle Beach

County

Horry

State

South Carolina

Latitude

33.8315

Longitude

-78.6321

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