507 Ocean Blvd Myrtle Beach, SC 29577-3915

This exceptional 63-unit hotel, located at 507-509 Ocean Blvd. N in Myrtle Beach, South Carolina, presents a lucrative investment opportunity. Boasting a prime oceanfront location, this newly renovated property offers a modern and stylish design, complete with custom showers and updated amenities throughout. The comprehensive 2023-2024 renovation encompassed all aspects of the building, including a complete electrical and plumbing overhaul, new HVAC systems, a new roof, updated flooring, renovated bathrooms, and brand new furniture, blinds, appliances, and televisions. The exterior and interior have received fresh paint, and the property features a new sign, lobby, and parking area. Common areas, including the pool, were also updated in 2024. This turnkey operation includes a convenient on-site commercial laundry facility and ample storage space. With 24,617 square feet on a 0.63-acre lot, the hotel is zoned MU-H and features four stories. The property opened for business in April 2024 and is offered at $6,290,000 ($284.72 per square foot). Its proximity to popular attractions like the Sky Wheel adds to its appeal. This is a rare chance to acquire a fully operational, modern hotel in a highly desirable location. The property's APN is 44408010201