501 N Ocean Blvd - Hospitality FOR SALE


Myrtle Beach, SC 29577
$2,590,000 USD
929-888-2279
501 N Ocean Blvd, Myrtle Beach, SC for Sale
$2,590,000 USD
Hospitality - FOR SALE
1/36
null | 9.56% Cap Rate

501 N Ocean Blvd
Myrtle Beach, SC 29577


HIGHLIGHTS

  • 2023 Gut Renovated
  • Direct Beach Access
  • Pool & Starbucks across the hotel
  • Heavy Foot Traffic

OVERVIEW

PRICED TO SELL! - Financials Attached BH Capital is thrilled to exclusively present Lily&Bloom, a charming 26-key boutique hotel located in the vibrant heart of downtown Myrtle Beach. Recently reimagined in a comprehensive 2023 renovation, this property boasts updated exterior, interior, and structural features, ensuring a fresh and inviting atmosphere. This hotel is fully stabilized, with a proven track record of income and robust financial performance. It is efficiently managed by a reputable third-party short-term management company, guaranteeing a seamless operation. Positioned on the renowned Ocean Blvd, Lily&Bloom offers the best of both worlds—direct beach access and proximity to downtown attractions and major events. It stands as the most competitively priced hospitality asset on the beach, making it an unparalleled investment opportunity. Don’t miss out on the chance to own a prime piece of Myrtle Beach’s thriving hospitality market. Contact us today to receive detailed financials and learn more about this exciting opportunity!

FOR SALE DETAILS

PRICE

$2,590,000 USD

PRICE/SF

$398 USD /SF

# OF ROOMS

26

PRICE/ROOM

$99,615 {currency}

CAP RATE

9.56%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lily & Bloom

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RC

APN/PARCEL ID

444-08-01-0203

ASK ABOUT THIS PROPERTY

Amir TalBH Capital AdvisersMore Info
929-888-2279

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Amir TalBH Capital AdvisersMore Info
929-888-2279

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