1402 Ocean Blvd, Myrtle Beach, SC 29577-3761
- Turn key restaurants
- 13,281 SF
- 0.72 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 1402 Ocean Blvd
- Year built
- 2018
- Lot size
- 0.72 lot acres
- Zone code
- TA8
- Property type
- Turn key restaurants
- APN
- 444-02-01-0427
- APU
- 44402010427
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 10, 2023 | $16,280,000 | Myrtle Beach Ventures I LLC | Chalpin Realty Sc LLC | Warranty Deed | — |
| Sep 24, 2019 | $22,583,800 | Chalpin Realty Sc LLC | Cpc Oceanfront De LLC | Grant Deed | $14.1M · Morgan Stanley Bk |
| Oct 3, 2018 | — | Cpc Oceanfront De LLC | Cpc Oceanfront LLC | Quit Claim Deed · related | $26M · Rref III D Bmb LLC |
| Oct 19, 2017 | — | Coastal Dining & Entertainme | — | Deed · related | $22.6M · Gamma R/e Cap LLC |
| Aug 11, 2017 | — | Cpc Oceanfront LLC | — | Deed · related | $1M · Rod Scarborough |
| Mar 17, 2017 | — | Coastal Dining & Entertainme | — | Deed · related | $1.5M · Stonegate Bk |
| Sep 29, 2016 | — | Abl Dev LLC | Abl Properties LLC | Quitclaim Deed · related | $1.9M · Wells Fargo Bk |
| Sep 23, 2016 | $415,000 | Abl Dev LLC | Jlk Holdings Int LLC | Grant Deed | $1.9M · Wells Fargo Bk |
| Sep 23, 2016 | $310,000 | Abl Developement LLC | Kdc INC | Grant Deed | — |
| Sep 23, 2016 | $530,000 | Abl Dev LLC | Elizabeth M Smith | Grant Deed | $1.9M · Wells Fargo Bk |
| Jan 23, 2014 | — | Myrtle Beach Parking LLC | Dining Coastal | Grant Deed · related | $4.1M · Starwood Mtg Cap |
| Aug 3, 2012 | — | Coastal Dining & Entertainme | — | Loan Modification · related | $1.8M · Coastal Carolina Nat'l Bk |
| May 9, 2012 | — | Coastal Dining & Entertainment | — | Grant Deed · related | $1.5M · Coastal Carolina Nat'l Bk |
| Apr 17, 2012 | — | City Of Myrtle Beach | Dining Coastal | Quit Claim Deed · related | — |
| Jan 4, 2012 | $5,000,000 | Coastal Dining & Entertainment | Master-in-equity Of Horry Cnty | One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds | — |
| Apr 20, 2009 | — | Abaco Holdings LLC | — | Loan Modification · related | $5M · J Wade Nichols |
| Jun 13, 2008 | — | Bitter End LLC | — | Loan Modification · related | $5M · J Wade Nichols |
| Sep 16, 2005 | $6,500,000 | Bitter End LLC | Breakwater LLC | Grant Deed | — |
| Aug 30, 1999 | $1,000,041 | Breakwater,llc | — | Grant Deed · related | — |
| — | — | Coastal Dining & Entertainme | — | Deed Of Trust · related | $1.5M · Stonegate Bk |
| — | — | Coastal Dining & Entertainme | — | Deed Of Trust · related | $22.6M · Gamma R/e Cap LLC |
| — | — | Cpc Oceanfront LLC | — | Deed Of Trust · related | $1M · Rod Scarborough |
Description
This 159-suite oceanfront hotel in Myrtle Beach, South Carolina, presents a compelling value-add investment opportunity. The property boasts 115 feet of prime beachfront access on the Myrtle Beach Boardwalk, with all suites offering unobstructed ocean views and fully equipped kitchens. Built in 1973, the dual-tower hotel comprises two eleven-story buildings on a 2.33-acre lot. All 159 units were previously "condo'd," offering significant flexibility for business plan execution, including potential for individual condo sales, rental pool programs, or fractional ownership. The hotel's location in a Qualified Opportunity Zone (QOZ) provides potential tax advantages for investors. Myrtle Beach's rapid population growth and designation as a top relocation destination create a high-demand market with a high barrier to entry. The unbranded nature of the hotel allows for flexible repositioning and management strategies to maximize value. Amenities include two outdoor pools, four whirlpools, and a shuffleboard court. The property's proximity to the Myrtle Beach airport and popular attractions further enhances its appeal. This is a rare opportunity to acquire a well-positioned, high-potential asset in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $10,275,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.8749
- Latitude
- 33.6961
- CBSA code
- 34820
- CBSA name
- MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
