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Property profile & analytics
OFF-MARKET Estimated value $2,960,000
Hotels

1301 Withers Dr Myrtle Beach, SC 29577-3736

34,113 SF 0.36 ac lot Built 1986
Entity Owned 15-yr Hold Absentee Owner Free & Clear
Property ID
US77-1957077
Property summary
AI-generated overview

This exceptional 60-suite hotel in Myrtle Beach, South Carolina presents a unique investment opportunity. Located just half a block from the beach and steps from the iconic SkyWheel, this immaculate property boasts stunning Atlantic Ocean views from all suites. The 34,113 square foot building features a spacious lobby with multiple lounges, a conference area, and a market. Each suite includes a kitchen, and all corridors are enclosed for enhanced security and privacy. Amenities include a large in-ground pool, a hot tub, two entrances, a commercial laundry facility, guest laundry, and ample storage. The sale includes an additional parcel used as a parking lot situated behind the main building. The property sits on a 0.39-acre lot and is zoned A. This one-story building offers a rare combination of prime location, luxurious amenities, and exceptional ocean views. Financial information and capital expenditures are available upon request. The asking price is $5,900,000, with a price per square foot of $172.95. The property's APN is 44402010439; 44401020046.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1986
Total area 34,113 SF
Lot 0.36 ac (15,682 SF)
Zoning code AC3
APN 444-02-01-0439
UPID US77-1957077
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Aqua Beach Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.37M
Comparable Approach Comparable
$2.59M
Blend (final) Blend
$2.96M
Owner & transaction history
Galilee Coastal LLC · 15 yrs held
Galilee Coastal LLC
since 2010
5 recorded transactions
2012
Price N/A
2011
Price N/A
2010
$1.1M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
AC3 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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