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5th and Ocean 509 N Ocean Blvd 24 Room Hotel Myrtle Beach, SC 29577 $3,124,110 CAD ($130,171 CAD/Room)

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Executive Summary

Brand New and Turn-Key 24 door hotel located on N. Ocean Blvd, just a short walk from the Sky Wheel and across the street fromthe beach. Modern design and decor, custom showers fully operational. The property went through a Complete renovation in 2024.All aspects of the property are new. All electric rewired, all plumbing replaced. All HVAC units NEW. New roof, New flooring, Newbathrooms, NEW furniture, New blinds, NEW appliances and TV's. New Exterior and interior paint, New Sign, New Lobby, Newparking. The pool and all common areas were redone in 2024. Commercial laundry facility on site. Multiple storage areas andmuch more. Opened for business in April of 2024.There is an option to purchase the property next door with an additional 39doors. Please call the listing agent for additional information.

Property Facts

Price	$3,124,110 CAD	Building Size	8,592 SF
Price Per Room	$130,171 CAD	No. Rooms	24
Sale Type	Investment	No. Stories	4
Property Type	Hospitality	Year Built/Renovated	1968/2025
Property Subtype	Hotel	Parking Ratio	1.51/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	0.22 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MU-H

Price	$3,124,110 CAD
Price Per Room	$130,171 CAD
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.22 AC
Building Size	8,592 SF
No. Rooms	24
No. Stories	4
Year Built/Renovated	1968/2025
Parking Ratio	1.51/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MU-H