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Coastal Carolina Group

Innovate Real Estate-Coastal Carolina Group

sellingcoastalcarolinas@gmail.com

Listed by Amit Patel • Sands Realty, LLC

$ 1,100,000

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Active

401 N Ocean Blvd. N Myrtle Beach, SC 29577

4,896 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/ Motel

Listing Status Active

Purchase Type For Sale

Square Footage 4,896 sqft

Price per Sqft $224

MLS Listing ID 2621561

HOA Y/N No

Year Built 1978

Annual Tax Amount $8,660

Lot Size 8,398 Sqft

Acres 0.1928

Property Sub-Type Hotel/ Motel

Source CCAR

Property 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.

Location

State SC

County Horry

Area 16G Myrtle Beach Area--Southern Limit To 10Th Ave N

Zoning MU- H

Interior

Fireplace No

Exterior

Present Use Hotel/Motel

Building

Sewer Public Sewer

Others

Senior Community No

Tax ID 44408010209

Monthly Total Fees $721

Security Features Security System

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Coastal Carolinas Multiple Listing Service, Inc (CCMLS)

Nearby School & Business

Coastal Carolina Group

Client Care Specialist

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