5400 N Ocean Blvd - Hospitality FOR SALE


Myrtle Beach, SC 29577
$6,290,000 USD
929-888-2279
5400 N Ocean Blvd, Myrtle Beach, SC for Sale
$6,290,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

5400 N Ocean Blvd
Myrtle Beach, SC 29577


HIGHLIGHTS

  • Closest Oceanfront Parcel on the Beach!
  • Quite and Serene Location
  • 2024 Renovated!
  • Turn-key Property

OVERVIEW

Priced to Sell! - Financials attached. Discover The Mermaid Inn, a newly renovated oceanfront boutique hotel that presents a rare investment opportunity in the heart of Myrtle Beach. Nestled on a prime 1-acre oceanfront parcel, this charming property features 57 elegantly designed rooms spread across three levels. Key Highlights: -Recent Renovation: Underwent an extensive renovation in 2024, including both interior and exterior upgrades. Every detail has been thoughtfully addressed, from brand-new appliances to stylish, contemporary furnishings. -Prime Location: Situated in a serene, well-maintained area of Myrtle Beach, this hotel offers a tranquil retreat while being conveniently close to local attractions and Myrtle Beach Airport. -Solid Investment: Currently managed by a highly reputable third-party management team, the property is operational and generating steady cash flow. With all major renovations completed, it's ready for immediate use or further enhancement. -Versatile Property: While the hotel is fully operating and functional, it also offers redevelopment potential due to the large size parcel. -Comfort and Convenience: Guests will enjoy spacious rooms, a pool deck, a vending machine room, and a guest laundry facility. The property boasts the closest oceanfront parcel to the beach, offering unobstructed, breathtaking views. This is more than just a hotel; it’s an opportunity to own a piece of Myrtle Beach’s coveted coastline. Don’t miss out on this incredible investment! Schedule Your Tour Today! Contact us to arrange a viewing and explore the potential of The Mermaid Inn.

FOR SALE DETAILS

PRICE

$6,290,000 USD

PRICE/SF

$220 USD /SF

# OF ROOMS

57

PRICE/ROOM

$110,351 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mermaid Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1971

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Comm

APN/PARCEL ID

42115030095

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.