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    507 Ocean Blvd N Myrtle Beach, SC 29577

    Sponsored
    For Sale
    $5,490,000

    Hospitality - Myrtle Beach, SC

    Property size:
    22,092 SF
    Days on Market:
    14
    Last Refresh:
    Jan 5 at 8:06 pm

    Property Features for 507 Ocean Blvd N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Zoning
    MU-H
    Exterior features
    Fixtures/Furniture, Office(s), Reception Area, Sign, Inside Storage
    Size
    22,092 SF

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Floors in Building
    4
    Number of units
    63
    Building materials
    Concrete, Stucco
    Architectural style
    Other

    Realty ONE Group Dockside (843) 492-4030 [email protected]

    Listing agent Liat Edri (843) 492-4030

    Listing date Dec 23, 2025

    MLS# 2529911 Listing URL

    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.

    Overview

    Renovated Hotel Near Myrtle Beach

    Located at 507-509 N. Ocean Blvd in Myrtle Beach, SC, 5th & Ocean is a newly renovated 63-room hotel. Situated directly across from the Atlantic Ocean beaches and a short walk from the SkyWheel, the hotel provides accommodations with access to attractions and dining. The property underwent a renovation in 2023-2024, including replacement of all electrical wiring, plumbing, and HVAC systems. The property features a new roof, flooring, bathrooms, furniture, blinds, appliances, and TVs. Each room has a design with custom showers and updated décor. Guests can use the refreshed pool area, on-site commercial laundry facilities, parking, and a lobby. The Myrtle Beach SkyWheel is a short walk from the hotel and offers views of the coastline. The Myrtle Beach Boardwalk stretches 1.2 miles along the oceanfront and is lined with shops, arcades, and entertainment venues. Ripley's Believe It or Not! is also located nearby. Dining options include RipTydz Oceanfront Grille & Rooftop Bar, Land Shark Bar & Grill, and Sea Captain's House. Myrtle Beach offers beaches, golf courses, shopping at local boutiques, and entertainment venues like the Carolina Opry and Broadway at the Beach. The area also hosts festivals and events throughout the year. The property size is 22,092 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Happy Holiday Motel Motel FIFTH AND OCEAN Hotel

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.97572
    Latitude
    33.6017596

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    FAQs

    What type of property is this?
    Hotel - Newly renovated 63-room hotel near Myrtle Beach SkyWheel.
    Where is this hotel located?
    The property is located at 507 Ocean Blvd N Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $5,490,000.
    What are key features of this property?
    This property features: - Completely renovated in 2023-2024 with new electrical, plumbing, HVAC, roof, flooring, bathrooms, furniture, appliances, and TVs.; - Prime location directly across from the beach and within walking distance of the SkyWheel and Myrtle Beach Boardwalk.; - 63-room hotel offering modern accommodations with custom showers and updated décor.
    (843) 222-6357
    Request Owner's contact information
    507 Ocean Blvd N Myrtle Beach, SC 29577
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    Myrtle Beach, SC 29577
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507 Ocean Blvd N Myrtle Beach, SC 29577
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