60-Door Ocean-View
806 S Ocean Blvd., Myrtle Beach, SC 29577
For Sale
$4,500,000
COMMERCIAL/INDUSTRIAL, Myrtle Beach, SC
Property Size22,442 SF
Lot Size0.83 Acres
Price / SF$200.52
Days on Market147
Property Features for 806 S Ocean Blvd.
General Information
Property type
Property subtype
Zoning
Exterior features
Subdivision
Standard status
Size
Lot size
Amenities
outdoor in-ground pool
lobby area
commercial laundry facility
storage areas
Building Details
Floors in Building
Number of units
Additional Structures
Listing Agency:
Realty ONE Group Dockside
(843) 492-4030
Listed By:
Liat Edri · License SC #6170
(843) 222-6357
Added: Jun 21
Changed: Oct 22
Last Checked: Nov 14 at 12:06AM
MLS# 2615752
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.
This 60-door hotel occupies a 0.83-acre corner parcel at South Ocean Boulevard and 9th Avenue South. The concrete-and-steel property includes a lobby, outdoor in-ground pool, commercial laundry facility, multiple storage areas, office space, reception area, and living quarters. Furniture, fixtures, machinery, and other equipment convey with the sale. The roof was installed new in 2026, and current licenses and permits are in effect.
The property offers ocean views and sits directly across from beach access in Myrtle Beach. Its location provides walking access to the Myrtle Beach Boardwalk, Myrtle Beach SkyWheel, Second Avenue Pier, and Family Kingdom Amusement Park, along with nearby shopping, dining, and entertainment. On-site parking and signage support the existing hospitality operation.
The property offers ocean views and sits directly across from beach access in Myrtle Beach. Its location provides walking access to the Myrtle Beach Boardwalk, Myrtle Beach SkyWheel, Second Avenue Pier, and Family Kingdom Amusement Park, along with nearby shopping, dining, and entertainment. On-site parking and signage support the existing hospitality operation.
Key Highlights
- 60‑door hotel on a 0.83‑acre corner lot
- Concrete‑and‑steel construction with a new roof installed in 2026
- Ocean views and position directly across from beach access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,909
Cap Rate
3.20%
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 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.69M
$4.98M – $6.64M
NOI $398,139 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
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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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Market
Properties on Market for Hotels in Myrtle Beach
Frequently Asked Questions
What type of property is this?
Hotel - Concrete-and-steel hospitality property with a pool, lobby, laundry, 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 $4,500,000.
What are key features of this property?
This property features: 60‑door hotel on a 0.83‑acre corner lot; Concrete‑and‑steel construction with a new roof installed in 2026; Ocean views and position directly across from beach access
