3701 Ocean Blvd North Myrtle Beach, SC 29582
- Land
- 0.19 lot acres
Current Use by Public Records
- La Dolce Vita - The Good Life / Hotel
- Ocean Pier I / Lodging
Property Details for 3701 Ocean Blvd
- Year built
- 1960
- Lot size
- 0.19 lot acres
- Property type
- Land
- Property subtype
- Hospitality properties
Description
This exceptional investment opportunity presents a fully renovated 14-unit motel ideally situated in the desirable Cherry Grove section of North Myrtle Beach, South Carolina. Located directly across from the beach at 3701 N Ocean Blvd., this two-story property boasts a prime location just one block from the Cherry Grove pier and offers easy public beach access. Each of the 14 units features a single bedroom and bathroom, complete with modern amenities including tile floors, new full-size appliances, flat-screen TVs, remodeled bathrooms showcasing granite countertops, and elegant coffered ceilings. Further enhancing safety and security, the units are equipped with fire sprinklers. The property also includes a spacious sundeck providing stunning ocean views and convenient on-site laundry facilities. Built in 1960, this boutique motel sits on a 0.19-acre lot (APN: 35114040073) and is zoned R4, presenting potential for expansion. The asking price is $2,350,000, translating to $420.03 per square foot. This represents a rare chance to acquire a thriving hospitality business in a high-demand coastal location. The property's strong rental history and potential for increased revenue make it an attractive investment for discerning buyers. Don't miss this opportunity to own a piece of North Myrtle Beach's vibrant tourism industry.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.6321
- Latitude
- 33.8315
