507-509 N Ocean Blvd - Hospitality FOR SALE


Myrtle Beach, SC 29577
$5,800,000 USD
843-222-6357
507-509 N Ocean Blvd, Myrtle Beach, SC for Sale
$5,800,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

507-509 N Ocean Blvd
Myrtle Beach, SC 29577


OVERVIEW

Seller Financing available. Please contact the listing agent for details. 5th & Ocean is a Brand New and Turn-Key 63 door hotel located on North Ocean Blvd, just a short walk from the Sky Wheel and across the street from the Ocean. Modern design and decor, custom showers. Fully operational, the property went through a Complete renovation in 2023-2024. All aspects of the property are new. All electric rewired, all plumbing replaced. All HVAC units are NEW. New roof, New flooring, New bathrooms, NEW furniture, New blinds, NEW appliances and TV's. New Exterior and interior paint, New Sign, New Lobby, parking resurface. The pool and all common areas were redone in 2024. Commercial laundry facility on-site. Multiple storage areas and all parking stots are on-site. Opened for business in April of 2024.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$217 USD /SF

# OF ROOMS

63

PRICE/ROOM

$92,063 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fifth and Ocean

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1968

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,269 SF

ZONING

MU -H

APN/PARCEL ID

18111-02-002,44408010201,44408010202

ASK ABOUT THIS PROPERTY

Liat EdriRealty One Group DocksideMore Info
843-222-6357

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Liat EdriRealty One Group DocksideMore Info
843-222-6357

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