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Boutique Hospitality Property
For Sale
$2,899,000

510 508 S Ocean Blvd., North Myrtle Beach, SC 29582

MULTI-FAMILY, North Myrtle Beach, SC

Property Size8,034 SF
Price / SF$360.84
Days on Market235

Property Features for 510 508 S Ocean Blvd.

General Information

Property type Residential Multi Family
Property subtype Other
Elementary school Ocean Drive Elementary
Middle school North Myrtle Beach Middle School
High school North Myrtle Beach High School
Subdivision 11B North Myrtle Beach Area--Ocean Drive
Standard status Active
Size 8,034 SF

Amenities

game lounge
on-site laundry center
courtyard-style gathering spaces

Building Details

Year built 1969
Number of units 18
Listing Agency: Dargan Real Estate
Listed By: Moshe Ben-Ezra · License #100596
Added: Feb 3 Changed: Aug 19 Last Checked: Sep 26 at 10:06AM
MLS# 2602951

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 hospitality property combines two side-by-side buildings with 18 units and 8,034 square feet. The accommodation mix includes efficiency suites, two-bedroom residences, two three-bedroom, two-bath residences, and a detached one-bedroom bungalow. Renovations completed within the last few years introduced tiled showers, LED mirrors, designer lighting, coastal interiors, and artistic finishes throughout the property.

Guest-oriented features include a game lounge, on-site laundry, select in-unit laundry, and courtyard-style gathering areas. The property is positioned on S. Ocean Blvd. in North Myrtle Beach, with walkable beach access and proximity to Main Street dining, shopping, and entertainment. The two properties are offered together, and neither carries an HOA.

Key Highlights

  • 18 total units across two adjacent properties
  • 8,034‑square‑foot hospitality property at 510 and 508 S. Ocean Blvd.
  • Unit mix includes 13 efficiency suites, 2 two‑bedroom residences, two three‑bedroom, two‑bath residences, and a one‑bedroom bungalow

Property Analytics

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Current Use

High Tide Motel Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Auto Repair Shop Barber Shop Tech Support Center Carpet & Flooring Store

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

18
Residential units

Location Intelligence

Trade Area within ½ mile

593
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Hotel - Two adjacent buildings offer a renovated coastal lodging operation with varied accommodations, guest amenities, and no HOA restrictions.
Where is this hotel located?
The property is located at 510 508 S Ocean Blvd. North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: 18 total units across two adjacent properties; 8,034‑square‑foot hospitality property at 510 and 508 S. Ocean Blvd.; Unit mix includes 13 efficiency suites, 2 two‑bedroom residences, two three‑bedroom, two‑bath residences, and a one‑bedroom bungalow
More about this property
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