Teresa Krebs - Coldwell Banker Sea Coast Advantage Realty
1701-1703 South Ocean Blvd.
Myrtle Beach, SC 29577

$5,820,000

Description

Twilight-Surf Motel-Oceanfront Motels For Sale-Myrtle Beach, SC. Classic Low-Rise Motel with 96 Rental Units situated on Two Prime Oceanfront Lots. A Nostalgic Boutique Motel Restoration, or Development Site with sufficient depth to accommodate both Parking and Amenities on the Oceanfront. The site is within walking distance to the Family Kingdom Amusement Park, and is in close proximity to the Myrtle Beach International Airport, and Market Commons Shopping and Entertainment Venues. GENERAL SITE INFORMATION: Approximately 1.13 +/- Acres, (49,113 Square Feet) in Total Approximately 155' of Ocean Frontage Approximately 320' in Depth (Exceptionally Deep Oceanfront Lots) Average Daily Traffic Count - 11,600 (Source: SCDOT 2017). IMPROVEMENTS: Two Classic Low-Rise Motel Structures North Building is 4 Story Oceanfront with 20 Units, and 3 Story Side-View with 28 Units Six (6) Side-View Units are currently not in operation South Building is 4 Story Oceanfront with 20 Units, and 3 Story Side-View with 28 Units Two Oceanfront Swimming Pools Commercial Laundry Facility NEIGHBORHOOD: Located in the South Ocean Boulevard District and Immediately North of the Hampton Inn Oceanfront Resort. The site is within walking distance to Springmaid Pier, Downwind Watersport Rentals, Myrtle Beach State Park and several Oceanfront Dining Options. The property is also in close proximity to the Horry County International Airport, and Market Commons which is a NEW Specialty Retail, Dining & Entertainment District.

Details

MLS#1821103
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site27

Features

Story(s)4
Units96
ZoningMU-H

Market Activity 29577

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Area Information

StateSC
CountyHorry
CityMyrtle Beach
Zip Code29577
Area16G Myrtle Beach Area--Southern
Listing VS Median (in 29577)
Price:
$5,820,000
low | high
Med:
$174,900
100% of Average
On Site:
27
low | high
Med:
166
16.265060240964% of Average
Listing Updated: 11/12/2018
MLS Number: 1821103
Listing Provided By:
Val Trask  of  Keystone Realty MB LLC