806 Ocean Blvd, Myrtle Beach, SC 29577-4433
- Hotels
- 22,442 SF
- 0.58 lot acres
Current Use by Public Records
- Days Inn by Wyndham Myrtle Beach-Grand Strand / Hotel & Motel
Property Details for 806 Ocean Blvd
- Year built
- 1966
- Construction
- CONCRETE
- Lot size
- 0.58 lot acres
- Zone code
- TA1
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 443-11-03-0054
- APU
- 44311030054
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 11, 2023 | $3,725,000 | Hayaty LLC | Yk Grand Strand LLC | Warranty Deed | $1.4M · Yk Grand Strand |
| Oct 22, 2021 | $3,375,000 | Yk Grand Strand LLC | Lkaps Holdings LLC | Warranty Deed | $2.5M · Sandhills Bank |
| May 10, 2017 | $2,125,000 | Lkaps Holdings LLC | Tropical Resort LLC | Grant Deed · related | $1.8M · Noa Bk |
| Dec 30, 2010 | — | Tropical Oasis INC Etal | Tropical Oasis INC | Quit Claim Deed · related | — |
| — | — | Tropical Resort LLC | — | Deed Of Trust · related | $8.1M · Ask Electronics Ltd Rp/tr (ct) |
| — | — | Tropical Resort LLC | — | Deed Of Trust · related | $4.7M · Ask Electronics Ltd Rp/tr (ct) |
Description
Exceptional investment opportunity: a 60-unit oceanfront hotel in Myrtle Beach, South Carolina, is available for $5,990,000. This three-story, 24,530-square-foot property sits on a 0.83-acre corner lot at 806 S Ocean Blvd, offering stunning ocean views across from the beach. Built with concrete and steel construction, the hotel boasts an in-ground pool, lobby area, ample parking, and a commercial laundry facility, along with multiple storage areas. All furniture and fixtures are included in the sale, making this a true turnkey operation. The high-traffic location places the hotel within easy walking distance of the Myrtle Beach boardwalk, Ferris wheel, pier, shopping, dining, and Family Kingdom amusement park. The property is currently zoned commercial but has the potential for conversion to multifamily housing, subject to City of Myrtle Beach approvals. Recent improvements include a new roof and $250,000 in renovations completed in 2023. With some adjustments, long-term rentals may be permitted, per the City of Myrtle Beach and seller. This is a rare opportunity to acquire a well-maintained, high-performing hotel in a prime location. Financial information is available upon request. The APN is 44311030054.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,640,000
- ML approach
- $4,790,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,732,000
- AI Estimate
- $2,458,000
Market price range: $3.33M - $7.37MMarket price range: $925k - $4.52M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $5,100,000 Current use
- OFFICE BUILDING
- $5,480,000 Change: +7% Conversion: Difficult
- RESTAURANT
- $5,190,000 Change: +2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.8964
- Latitude
- 33.6788
- CBSA code
- 34820
- CBSA name
- MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
