Property TypeCommercial Sale
Property Sub TypeHotel/Motel
Unique and rare opportunity to own forty adjacent parcels in downtown Myrtle Beach. The portfolio offers seven ocean front hotels, three hotels on Ocean Blvd, fourteen multifamily properties, single family homes and vacant lots.The protfolio includes a Conference center which offers multiple halls, a commercial kitchen and office suites. Also included a four levels parking garage, a reception building, multiple indoor & outdoor pools, hot tubs , fitness center, waterpark, arcade, over 20,000 sf of commercial/ retail/ restaurant space and more. Multiple beach access on the property. An additional 30,000 sf of storage compound with a commercial laundry facility is also included. A total of 539 units offers a combination of efficiencies, one bedroom, two bedroom, three bedroom and four bedroom villas. Over 16 acres of ocean front, ocean view, 2nd & 3rd row properties. A detailed description of each building and a map of the property are available in associated docs. 1) +/- 15.5 acres Ocean front, 2nd & 3rd row in downtown Myrtle Beach. 2)+/- 490,000 SF of improvements. 3) Waterparks. 4) Multiple pools and other amenities. 5) Parking deck. 6) Conference center 7) Over 20,000 SF of commercial space (was not leased last year). 8) Two commercial kitchens. 9) +/- 30,000 SF of warehouse space and commercial laundry facility. 10) Approved PUD ( Plan Unit Development) for about 1570 2 bedroom/ 2 baths units. (Can be revised). 11) Located in the #1 growing county in the US. 12)Estimated 26 million visitors arriving to the area every year. 13)The family vacation destination on the East Coast of the US. 14) Over 5M invested in renovations in the past 12 months.
Property Sub Type Hotel/Motel
Property Type Commercial Sale
Number Of Units Total 545
Sewer Public Sewer
MLS Area Major 16G Myrtle Beach Area--Southern Limit to 10TH Ave
Business Type Hotel/Motel, Hospitality
Current Use Hotel/Motel
Documents Count 4
Listing Terms Cash, Conventional
Lease Considered no
Special Listing Conditions None
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Contact - Listing ID 2201270
Grimes & Associates, Inc.
717 Black River Rd.
Georgetown, SC 29440
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