401 N Ocean Blvd. N,Myrtle Beach, SC 29577
Myrtle Beach, SC 29577
Description
The property is improved with a four-story, 15-unit motel prominently situated along Ocean Boulevard. The building features durable masonry construction with a stucco exterior and a flat roof design. All 15-16 guest rooms are oriented toward Ocean Boulevard, providing the property with excellent frontage and visibility along this well-traveled coastal corridor. The first floor includes the motel's front desk, reception area, office, and lobby, providing a centralized area for guest check-in and property operations. An on-site manager's quarters is conveniently located adjacent to and directly connected with the lobby/front desk area, allowing for efficient day-to-day management of the property. Guest accommodations are accessed through covered exterior corridors, with stairwell access serving the upper floors. Individual guest rooms feature solid entry doors with keyless entry systems, fixed insulated windows, luxury vinyl plank (LVP) flooring, painted drywall walls, and drywall ceilings. The property's relatively manageable 15-room configuration provides an incoming owner with the opportunity to operate a boutique-sized lodging property in an established Ocean Boulevard location. The existing improvements and operational layout may also provide opportunities for continued operation, renovation, repositioning, or enhancement of the property, subject to an investor's individual business plan and applicable governmental approvals. The improvements reflect the property's age and have experienced typical wear associated with an established coastal lodging property. Certain areas of the building may benefit from repair, maintenance, and capital improvements. The property is therefore well suited for a purchaser seeking an existing hospitality asset with the opportunity to implement a renovation or value-add program while enhancing the property's overall condition and guest experience.
Details
| MLS # | 2621561 |
|---|---|
| Listing Type | For Sale |
| Style | Hotelmotel |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1978 |
| Days On Site | 35 |
| Listing Provided By | Sands Realty, LLC | Amit Patel |
Features
| SQ Feet | 4,896 |
|---|---|
| Story(s) | 4 |
| Units | 16 |
| Building(s) | 1 |
| Zoning | MU- H |
| Acreage | 0.19 |
Exterior
| Security Features | Security System |
|---|---|
| Construction Materials | Block, Masonry, Concrete, Stucco, Steel |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Annual Amount | 8660.36 |
|---|
Area Information
| State | SC |
|---|---|
| County | Horry |
| City | Myrtle Beach |
| Zip Code | 29577 |
| Area | 16G Myrtle Beach Area Southern Limit to 10TH Ave N |
| Listing VS Median (in 29577) | |
Price: $1,100,000 low | high Med: $218,000 sqft: 4,896 low | high Med: 672 $ / sqft: $225 low | high Med: $324 On site: 35 low | high Med: 216 | |
Market Activity 29577
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Learn More About This Property
| State | SC |
|---|---|
| County | Horry |
| City | Myrtle Beach |
| Zip Code | 29577 |
| Area | 16G Myrtle Beach Area Southern Limit to 10TH Ave N |
| Listing VS Median (in 29577) | |
Price: $1,100,000 low | high Med: $218,000 sqft: 4,896 low | high Med: 672 $ / sqft: $225 low | high Med: $324 On site: 35 low | high Med: 216 | |