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Renovated 25-Unit Short-Term Rental
For Sale
Contact for pricing
Pending

501 N Ocean Blvd, Myrtle Beach, SC 29577

On-site amenities include a pool and laundry facility, with flexible short- or long-term rental use.

Property SizeContact for details
Days on Market143

Property Features for 501 N Ocean Blvd

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Road Access Yes
Multifamily Units 25

Amenities

pool
laundry facility

Building Details

Year Renovated 2023
Listing Agency: Marcus & Millichap - Charleston
Listed By: Ryan Lipomi · License #SC 118061
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 7:08PM

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 Marcus & Millichap - Charleston

Investment Insights

Based on property information with market context.

This short-term rental property includes twenty-five units measuring 200 SF each. Renovations were completed in 2022-2023, and the property includes an on-site pool and laundry facility. The units have previously operated as Airbnb accommodations and may continue under short-term use or be converted to long-term rentals.

The property is located at 501 N Ocean Boulevard in downtown Myrtle Beach, one block from the beach. The Myrtle Beach Boardwalk is .2 miles away, while Broadway at the Beach is 2.5 miles from the property. Shops and restaurants are also identified as accessible from the site.

Key Highlights

  • 25 units measuring 200 SF each
  • Renovated in 2022‑2023
  • On‑site pool and laundry facility

Property Analytics

Current Use

Lily & Bloom Hotel & Motel

Suggested Use

Top Pick Electrical Service Skin Care Clinic Garden Center Locksmith (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

25
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,220
Businesses Nearby

Demographics for 29577, SC

34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - On-site amenities include a pool and laundry facility, with flexible short- or long-term rental use.
Where is this short term rental property located?
The property is located at 501 N Ocean Blvd Myrtle Beach, SC.
What are key features of this property?
This property features: 25 units measuring 200 SF each; Renovated in 2022‑2023; On‑site pool and laundry facility
More about this property
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