Ocean-View Hotel Across From
For Sale
$4,550,000
806 S Ocean Blvd., Myrtle Beach, SC 29577
Concrete-and-steel construction includes an outdoor pool, commercial laundry, lobby, storage, and on-site parking.
Property Size22,442 SF
Lot Size0.83 Acres
Price / SF$202.74
Days on Market55
Property Features for 806 S Ocean Blvd.
General Information
Standard status
Active
Size
22,442 SF
Lot size
0.83 Acres
Amenities
outdoor in-ground pool
welcoming lobby area
commercial laundry facility
multiple storage areas
Building Details
Construction
concrete and steel
Listing Agency:
Realty ONE Group Dockside
(843) 492-4030
Listed By:
Liat Edri · License #6170
(843) 222-6357
Source:
Edgarwilson
Added: Aug 20
Changed: Oct 3
Last Checked: Oct 12 at 7:31PM
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 Realty ONE Group Dockside
Investment Insights
Based on property information with market context.
This 60-door hotel property occupies a 0.83-acre corner parcel at 806 S Ocean Blvd. in Myrtle Beach. The concrete-and-steel improvements include an outdoor in-ground pool, lobby, commercial laundry facility, multiple storage areas, and on-site parking. Furniture, fixtures, and equipment are included in the sale, while current licenses and permits remain in effect. A roof installed in 2026 adds a recent capital improvement to the property.
The site is positioned at South Ocean Boulevard and 9th Avenue South, directly across from beach access and offering ocean views. The Myrtle Beach Boardwalk, Myrtle Beach SkyWheel, Second Avenue Pier, and Family Kingdom Amusement Park are within walking distance, with shopping, dining, and entertainment nearby.
The site is positioned at South Ocean Boulevard and 9th Avenue South, directly across from beach access and offering ocean views. The Myrtle Beach Boardwalk, Myrtle Beach SkyWheel, Second Avenue Pier, and Family Kingdom Amusement Park are within walking distance, with shopping, dining, and entertainment nearby.
Key Highlights
- 60‑door hospitality property on a 0.83‑acre corner lot
- Concrete‑and‑steel construction with a roof installed in 2026
- Directly across from beach access with ocean views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,909
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,878,180
$2.9M
Cap Rate 7%
$2,055,843
$2.1M
Cap Rate 9%
$1,598,989
$1.6M
Market Conditions
NOI Build-Up for 22,442 SF
Gross rent
$336.6K $15.00/SF
− Vacancy
−$33.7K −$1.50/SF
EGI
$303.0K $13.50/SF
− OpEx
−$159.1K −$7.09/SF
NOI
$143.9K $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%
$2,878,180
Cap Rate 7%
$2,055,843
Cap Rate 9%
$1,598,989
Alternative Uses
Best Use
Hotel Hospitality
$2.06M
$1.80M – $2.40M
NOI $143,909 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.69M
$4.98M – $6.64M
NOI $398,139 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Hotel - Concrete-and-steel construction includes an outdoor pool, commercial laundry, lobby, storage, and on-site parking.
Where is this hotel located?
The property is located at 806 S Ocean Blvd. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: 60‑door hospitality property on a 0.83‑acre corner lot; Concrete‑and‑steel construction with a roof installed in 2026; Directly across from beach access with ocean views
