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Turnkey Motel with Retail Space

300 10th Ave. N Myrtle Beach, SC 29577

New
300 10th Ave. N, Myrtle Beach, SC, 29577
$3,850,000
For Sale
Claim this Listing
$3,850,000

COMMERCIAL - Myrtle Beach, SC

Property Size17,372 SF
Lot Size0.42 Acres
Price / SF$221.62
AddedJul 15
Days on Market1
Last RefreshJul 15 at 7:06 pm

Property Features for 300 10th Ave. N

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Exterior features
Fixtures/Furniture, Office(s), Reception Area, Living Quarters, Restrooms - Public, Restrooms - Private, Sign
Standard status
Active
Size
17,372 SF
Lot size
0.42 Acres

Building Details

Floors in Building
2
Number of units
32

Listing agent Chance Leith License #82745

Listing office Beach & Forest Realty Myrtle Beach, SC

Listing date Jul 15, 2026

MLS# 2617729

Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This turnkey hospitality property in Myrtle Beach offers 32 fully operational units, including efficiencies, double rooms, and one-bedroom suites. The building was fully renovated in 2022 with updates including a new roof, plumbing, electrical, HVAC, flooring, and appliances, supporting a ready-to-operate configuration. In addition to the motel accommodations, the property includes approximately 3,000 sq. ft. of commercial/retail space that can be leased for added income.

The site is described as a corner lot and is positioned within walking distance to the Boardwalk, with nearby access to Broadway at the Beach, waterparks, shopping, dining, and entertainment.

Financial information is available upon request.

Key Highlights

  • 0.42‑acre corner property steps from the ocean, with a short stroll to the SkyWheel
  • Over 20,000 sq. ft. of fully renovated space completed in 2022, including new roof, plumbing, electrical, and HVAC
  • 32 fully operational units including efficiencies, double rooms, and one‑bedroom suites

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $371.1k $21.36
− Vacancy −$9.3k −$0.53
EGI $361.8k $20.83
− OpEx −$108.5k −$6.25
NOI $253.3k $14.58
17,372 SF · lease $21.36/SF/yr · vacancy 2.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$3.62M
$3.17M – $4.22M (±1% cap)
NOI $253,252 @ 7.0% cap · market cap 6.58%
Second Best
Hotel Hospitality
$1.59M
$1.39M – $1.86M (±1% cap)
NOI $111,398 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$4.40M
$3.85M – $5.14M (±1% cap)
NOI $308,193 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

300 Tenth Hotel & Motel

Suggested Use

Garden Center HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service Skin Care Clinic Acupuncture Furniture & Home Goods Tanning Salon Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Windsurfer Hotel — 210 N Ocean Blvd, Myrtle Beach, SC 29577
  • Caribean Cove — 2nd ave s, myrtle beach, sc 29577
  • Bermuda Sands — 104 N Ocean Blvd, Myrtle Beach, SC 29577
  • 7 Brothers Motel — 103 n ocean blvd, myrtle beach, sc 29577
  • Rent The Beach Now — 443 Caribbean Way, Myrtle Beach, SC 29577

FAQs

What type of property is this?
Motel - Turnkey motel featuring 32 operational units and a 3,000 sq. ft. commercial/retail space, renovated in 2022.
Where is this motel located?
The property is located at 300 10th Ave. N Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: 0.42‑acre corner property steps from the ocean, with a short stroll to the SkyWheel; Over 20,000 sq. ft. of fully renovated space completed in 2022, including new roof, plumbing, electrical, and HVAC; 32 fully operational units including efficiencies, double rooms, and one‑bedroom suites
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