Oceanfront 50-Unit
1415 S Ocean Blvd., North Myrtle Beach, SC 29582
For Sale
$4,720,000
COMMERCIAL/INDUSTRIAL, North Myrtle Beach, SC
Property Size21,693 SF
Lot Size0.57 Acres
Price / SF$217.58
Days on Market175
Property Features for 1415 S Ocean Blvd.
General Information
Property type
Property subtype
Zoning
Exterior features
Accessibility
Subdivision
Standard status
Size
Lot size
Amenities
direct beach access
expansive oceanfront event space
sparkling pool
inviting deck
Building Details
Floors in Building
Number of units
Listing Agency:
REMAX Southern Shores · RE/MAX International
(843) 839-0200
Listed By:
Richard Singleton · License SC #26622
(843) 267-3585
Added: May 20
Changed: Oct 29
Last Checked: Nov 10 at 5:06PM
MLS# 2613023
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.
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Investment Insights
Based on property information with market context.
The property is a five-story hotel containing 50 efficiency units, with adjoining rooms and ocean views from every room. The 21,693-square-foot building includes an oceanfront event space, pool, deck, reception area, private restrooms, offices, signage, furniture, and fixtures. An accessible passenger elevator is installed.
Located at 1415 S Ocean Blvd. in North Myrtle Beach, the hotel provides direct access to the beach and sits near retail, dining, and entertainment venues. The property occupies 0.57 acres and carries R-4 zoning.
Located at 1415 S Ocean Blvd. in North Myrtle Beach, the hotel provides direct access to the beach and sits near retail, dining, and entertainment venues. The property occupies 0.57 acres and carries R-4 zoning.
Key Highlights
- 50‑unit, five‑story hotel with 21,693 square feet
- Oceanfront setting with views from every room
- Direct beach access, oceanfront event space, pool, and deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,106
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,782,120
$2.8M
Cap Rate 7%
$1,987,229
$2.0M
Cap Rate 9%
$1,545,622
$1.5M
Market Conditions
NOI Build-Up for 21,693 SF
Gross rent
$325.4K $15.00/SF
− Vacancy
−$32.5K −$1.50/SF
EGI
$292.9K $13.50/SF
− OpEx
−$153.7K −$7.09/SF
NOI
$139.1K $6.41/SF
Area
Horry County, SC
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,782,120
Cap Rate 7%
$1,987,229
Cap Rate 9%
$1,545,622
Alternative Uses
Best Use
Hotel Hospitality
$1.99M
$1.74M – $2.32M
NOI $139,106 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.50M
$4.81M – $6.41M
NOI $384,851 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 29582, SC
18,897
Population
27,559
Households
0.7
Avg Household Size
62
Median Age
38%
College-Educated
94%
High-School Grad
21.9 sq mi
ZIP Area
863
Density / Sq Mi
$71,030
Median Household Income
$36,906
Median Earnings
$1,194
Median Rent
$370,700
Median Home Value
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Market
Properties on Market for Hotels in Horry County
Frequently Asked Questions
What type of property is this?
Hotel - Five-story hospitality property with direct beach access, event space, pool, and oceanfront deck.
Where is this hotel located?
The property is located at 1415 S Ocean Blvd. North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $4,720,000.
What are key features of this property?
This property features: 50‑unit, five‑story hotel with 21,693 square feet; Oceanfront setting with views from every room; Direct beach access, oceanfront event space, pool, and deck
