1415 S Ocean Blvd - Hospitality FOR SALE


North Myrtle Beach, SC 29582
$6,999,999 USD
843-492-4900
1415 S Ocean Blvd, North Myrtle Beach, SC for Sale
$6,999,999 USD
Hospitality - FOR SALE
1/6
null | 5.69% Cap Rate

1415 S Ocean Blvd
North Myrtle Beach, SC 29582


OVERVIEW

The Oasis Hotel is an Oceanfront Boutique Resort consisting of 50 Oceanfront Efficiency Units offering Stunning Panoramic Views of the Atlantic Ocean, making it a perfect place for guests to enjoy Breathtaking Sunrises and Sunsets. Featuring an inviting Pool Deck overlooking the Ocean, providing an ideal space for Relaxation and Socializing. Not only does this hotel Enhance guest Experiences, but it also Presents a Profitable Investment Opportunity in the Thriving North Myrtle Beach Tourism Market. Its Unique Boutique Charm remains a favorite among Families, Couples, and Groups seeking a Memorable Beach Getaway.50 Oceanfront Efficiency units. Gross annual income $563,876. Taxes $31,000. Insurance $10,000. Utilities $30,000.Maintenance $25,000

FOR SALE DETAILS

PRICE

$6,999,999 USD

PRICE/SF

$212 USD /SF

# OF ROOMS

50

PRICE/ROOM

$140,000 {currency}

CAP RATE

5.69%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Tree Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

CO-1

APN/PARCEL ID

35714020154

ASK ABOUT THIS PROPERTY

Sara MosseriResourceful RealtyMore Info
843-492-4900

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Sara MosseriResourceful RealtyMore Info
843-492-4900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.