Oceanfront Hotel in North Myrtle
1415 S OCEAN BLVD North Myrtle Beach, SC 29582
For Sale
Contact for pricing
50-unit oceanfront hotel with direct beach access.
Property Size21,693 SF
Price / SF$217.58
Days on Market66
Property Features for 1415 S OCEAN BLVD
General Information
- Standard status
- Active
- Size
- 21,693 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1974
Listing Agency:
RE/MAX Southern Shores
(843) 267-3585
Listed By:
Richard Singleton · License #SC 26622
Source:
Crexi
Added: May 21
Changed: Jul 10
Last Checked: Jul 25 at 2:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Southern Shores
Investment Insights
Based on property information with market context.
The Oasis Hotel, located at 1415 S Ocean Blvd in North Myrtle Beach, presents an oceanfront investment opportunity. This five-story property features 50 units, each offering ocean views. The units are efficiency style with adjoining rooms. The property provides direct beach access, an oceanfront event space, a pool, and a deck. Its location on South Ocean Boulevard places it near retail, dining, and entertainment venues. The hotel is situated minutes from major roadways and area attractions. The property size is 21693 square feet.
Key Highlights
- Direct oceanfront location on South Ocean Boulevard with stunning ocean views from every room
- 50‑unit hotel with efficiency units and all adjoining rooms
- Expansive oceanfront event space, pool, and deck with direct beach access
Financial Insights For Hotel Hospitality
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 | $325.4k | $15.00 |
| − Vacancy | −$32.5k | −$1.50 |
| EGI | $292.9k | $13.50 |
| − OpEx | −$153.7k | −$7.09 |
| NOI | $139.1k | $6.41 |
21,693 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 52.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Red Tree Inn
Hotel & Motel
FAQs
What type of property is this?
Hotel - 50-unit oceanfront hotel with direct beach access.
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: Direct oceanfront location on South Ocean Boulevard with **stunning ocean views from every room**; 50‑unit hotel with efficiency units and all adjoining rooms; **Expansive oceanfront event space, pool, and deck with direct beach access**
