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302-306 North Ocean Blvd. Myrtle Beach, SC $ 4,800,000
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$ 4,800,000 Get more info
302-306 North Ocean Blvd.
$ 4,800,000
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Share Save

302-306 North Ocean Blvd.

Myrtle Beach, SC, 29577
$ 4,800,000
Baths0.0 Sq 33,346

Monthly Estimate*

$ 33,529

302-306 North Ocean Blvd., Myrtle Beach, SC 29577 - Image 1
Studio

Commercial Property for sale in Myrtle Beach, SC

for $4,800,000. This 33,346 square foot building was built on a lot size of 0.62.

Sea Gypsy Inn is a motel fronting the Atlantic Ocean and North Ocean Boulevard in Myrtle Beach. This property is comprised of 58 operating units, both long and short term rental. Offering a total of 210’ frontage on the Atlantic Ocean, this property is a value-add opportunity with conversion to a boutique concept or complete site redevelopment. This property is located on Ocean Boulevard, and is 5 blocks south from Myrtle Beach’s Boulevard tourist district. This area is the primary tourist hub and major national tourist attractions including Ripley’s Believe-it-or-Not, The Bowery, Zip Line Adventures, The Gay Dolphin, Ripley’s Marvelous Mirror Maze, I Love Sugar, Landshark Bar & Grill, and SkyWheel Myrtle Beach. Myrtle Beach is the major oceanfront coastal resort on the east coast of the United States. Offering over 60 miles of oceanfront, 86 golf courses, and 1,800 restaurants attract over 20 million visitors each year.

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Commercial Contingent

Price

$ 4,800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Hotel/Motel

Lot Size

0.62

Town/City

Myrtle Beach

County/Region

Horry

MLS | Web ID

2325661
Features
General
Zoning MU-H
Stories 2
Levels Two
Property SubType HotelMotel
Current Use HotelMotel
Business Type HotelMotel Hospitality
Additional Parcels Description 44408040004
County Horry
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status ActiveUnderContract
City Myrtle Beach
Buyer Agent Compensation 2
View Y/N N
Senior Community Y/N N
Total Units 58
MLS Area 16G Myrtle Beach Area--Southern Limit to 10TH Ave
Waterfront Y/N N
Carport Y/N N
Street Name North Ocean Blvd.
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 123
Standard Status ActiveUnderContract
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Exterior
Number of Buildings 3
Spa N
Lot Size Acres 0.62
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
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Internal Only
Street Number 1 302
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* Excluded Features
List By
Tradd Commercial

Broker

acates@traddcommercial.com

Email

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$33,529
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Monthly Principal & Interest
$33,529
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
285324 Elementary School
285119 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/21/2023$4,800,000 Listed Price

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302-306 North Ocean Blvd., Myrtle Beach, SC, 29577 is a Commercial Property for sale at $4,800,000 with 33,346 sqft and a lot size of 0.62. 302-306 North Ocean Blvd. is a studio with 0.0 baths. The property's zip code is 29577 which is in Myrtle Beach, SC

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