806 S Ocean Blvd - Hospitality FOR SALE


Myrtle Beach, SC 29577
$5,750,000 USD
843-222-6357
806 S Ocean Blvd, Myrtle Beach, SC for Sale
$5,750,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

806 S Ocean Blvd
Myrtle Beach, SC 29577


HIGHLIGHTS

  • high visibility, high traffic area, located across from the beach, can be used as multi family

OVERVIEW

Please contact the listing agent for financial information. Currently hospitality but could be converted to Multifamily per The City of Myrtle Beach. Roof and $250,000 of renovations in 2023. The City of Myrtle Beach will allow long term rentals with a few adjustments to the property per the city and seller. Please call the listing agent for additional details. Investors alert! 60 doors concrete and steel construction, located on the corner of 9th Avenue South and Ocean Blvd in Myrtle Beach SC. The property offers ocean views and is located just across from the beach. Built on a 0.83-acre corner-lot and offers an outdoor in-ground pool, lobby area, parking, commercial laundry facility, multiple storages. This sale includes all furniture and fixtures. High visibility and high traffic location. The property is within a short walking distance to the boardwalk, the Ferris Wheel, The Pier, shopping, dining, Family Kingdom, and additional local attractions.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$256 USD /SF

# OF ROOMS

60

PRICE/ROOM

$95,833 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Myrtle Beach

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1972

PARKING SPACES

68

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

MUH

APN/PARCEL ID

44311030054

ASK ABOUT THIS PROPERTY

Liat EdriRealty One Group DocksideMore Info
843-222-6357

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

Liat EdriRealty One Group DocksideMore Info
843-222-6357

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