Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    510 Ocean Blvd Surfside Beach, SC 29575

    Sponsored
    For Sale
    $1,999,900

    Prime oceanfront triplex, high ROI.

    Property size:
    5,363 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity awaits with this meticulously maintained three-unit triplex located in desirable Surfside Beach, South Carolina. Boasting 5,363 square feet of net rentable space, this property offers three distinct units, each featuring full kitchens, living areas, and laundry facilities. The first and second floors each comprise four bedrooms and two bathrooms, while the third floor provides a two-bedroom, two-bathroom unit. All units are fully furnished, maximizing rental potential. The property's strategic location on a double corner lot at Ocean Boulevard and 5th Avenue provides both ocean proximity and privacy, enhanced by a private pool situated behind the building. Enjoy stunning ocean views from most areas. Covered parking adds convenience and protection. Built in 1982 and extensively renovated in 2022, this property presents a stabilized investment with a current NOI of $185,000 and a pro-forma NOI of $235,000, translating to a 9.25% cap rate and a pro-forma cap rate of 11.75%. The asking price is $1,999,900, representing a price per unit of $666,633.33 and a price per square foot of $372.91. The 0.2-acre lot is zoned RES. The property is currently occupied, with an occupancy date of July 17, 2024. This turnkey investment offers significant upside potential and immediate cash flow. Don't miss this chance to acquire a highly sought-after coastal property.

    Property Features for 510 Ocean Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,363 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built/Renovated
    1982/2022
    Buildings
    1
    Stories
    3
    Units
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Surfside Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.975889879528
    Latitude
    33.601923419361

    Nearby Comparable

    • $5,490,000
      22,092 SF

      Renovated Hotel Near Myrtle Beach

      Newly renovated 63-room hotel near Myrtle Beach SkyWheel.
      507 Ocean Blvd N, Myrtle Beach, SC 29577
      View Details
    • $1,795,000
      3,696 SF

      Surfside Beach Duplex Investment

      Beachfront Duplex, High ROI, 2 Units
      412 Seaside Dr, Surfside Beach, SC 29575
      View Details
    • $599,000

      Surfside Beach Income Producing Duplex

      Income-producing duplex near Surfside Beach pier and attractions.
      114 N Pinewood Dr N, Surfside Beach, SC 29575
      View Details
    • New
      $689,999

      Surfside Beach Income-Producing Quadplex

      Well-maintained quadplex near the beach, shops, and restaurants.
      718 Juniper Dr, Surfside Beach, SC 29575
      View Details
    • $944,444

      Surfside Beach Commercial Land Available

      1.2 acre commercial lot in Surfside Beach, South Carolina.
      712 S Poplar Dr, Surfside Beach, SC 29575
      View Details
    • $85,000
      1.00 Acre

      Surfside Beach Bistro - Turnkey Sale

      Beachfront Bistro, Fully Equipped, $85,000
      818 Surfside Dr, Surfside Beach, SC 29575
      View Details
    • $34,900
      400 SF

      Remodeled Beach Bungalow Near Amenities

      Affordable Myrtle Beach bungalow near restaurants, shopping, and resort amenities.
      613-511 5Th Ave N, Myrtle Beach, SC 29577
      View Details
    • $2,750,000

      Highway Frontage Commercial Land

      2.97 acres of commercial land with highway frontage.
      Highway 17 S, Surfside Beach, SC 29575
      View Details
    • $750,000

      Surfside Beach Commercial Land

      Prime Hwy 17 Commercial Lot, Pad-Ready
      910 Highway 17, Surfside Beach, SC 29575
      View Details

    Nearby Similar for Sale

    • $599,000

      Surfside Beach Income Producing Duplex

      Income-producing duplex near Surfside Beach pier and attractions.
      114 N Pinewood Dr N, Surfside Beach, SC 29575
      View Details
    • New
      $689,999

      Surfside Beach Income-Producing Quadplex

      Well-maintained quadplex near the beach, shops, and restaurants.
      718 Juniper Dr, Surfside Beach, SC 29575
      View Details
    • $565,000
      1,008 SF

      Updated Oceanfront Condo in Surfside

      Oceanfront condo with stainless steel appliances, private balcony, and premium amenities.
      811 N Ocean Blvd, Surfside Beach, SC 29575
      View Details
    • $187,000

      Surfside Beach Furnished Condo

      Furnished 2-bedroom condo in Surfside Beach, move-in or rental ready.
      1870 Auburn Ln, Surfside Beach, SC 29575
      View Details
    • $230,000
      1,170 SF

      Surfside Beach Condo with Pond View

      Move-in ready, fully furnished 3-bedroom condo with low HOA.
      1950 Bent Grass Dr, Surfside Beach, SC 29575
      View Details
    • $1,200,000
      4,510 SF

      Retail Property in Surfside Beach

      Retail property for sale in Surfside Beach, South Carolina.
      2016 Highway 17, Surfside Beach, SC 29575
      View Details
    • $1,050,000
      800 SF

      Iconic Bar in Surfside Beach

      Established bar for sale in Surfside Beach, South Carolina.
      1507 S Highway 17 S, Surfside Beach, SC 29575
      View Details
    • $1,200,000
      4,510 SF

      Surfside Beach Commercial Property

      High-traffic location, multi-tenant retail building.
      2014 Business, Surfside Beach, SC 29575
      View Details
    • $1,795,000
      3,696 SF

      Surfside Beach Duplex Investment

      Beachfront Duplex, High ROI, 2 Units
      412 Seaside Dr, Surfside Beach, SC 29575
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime oceanfront triplex, high ROI.
    Where is this multifamily property located?
    The property is located at 510 Ocean Blvd Surfside Beach, SC.
    What is the asking price?
    The asking price for this property is $1,999,900.
    Request Owner's contact information
    510 Ocean Blvd Surfside Beach, SC 29575
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    510 Ocean Blvd
    Surfside Beach, SC 29575
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    510 Ocean Blvd Surfside Beach, SC 29575
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.