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Commercial Hotel/Motel 703 S Ocean Boulevard Myrtle Beach

Price:

843 REALTOR

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Status: ACTIVE
Asking Price: $12,750,000
Number of Units: 1
Present Use: Hotel/Motel
Half Baths: 1
Class: COMMERCIAL/INDUSTRIAL
Type: Commercial
MLS #: 1808277
Address: 703 S Ocean Boulevard
City: Myrtle Beach
County: Horry
State: SC
Zip: 29577
Designated Flood Plain: No
# of Stories: 8
Zoning: MU-H
Number of Acres: 1.91
Tax Map#: 44311020121
Public Remarks: Offered FOR SALE is the 3 Palms Oceanfront Resort. The 3 Palms, consists of 129 Rental Units and, is located in the Yaupon Circle Section of Myrtle Beach situated on the Oceanfront between 7th & 8th Avenues South. Each Rental Unit has its own Tax Map Parcel in preparation for a Conversion to a Condominium Regime. The property is in close proximity to Family Kingdom Amusement Park, Restaurants, Fishing Piers, Market Commons, Retail Shopping, and Entertainment Venues. The Hotel is comprised of one 8 story building with both interior and exterior corridor floors. There is a combination of on-site and off-site parking. NEIGHBORHOOD: Considered one of the nation's top vacation destinations Myrtle Beach hosts nearly 16 million visitors each year and offers an increasing number of attractions, live-music theaters, shopping centers, and more than 120 golf courses. REAL ESTATE: This assemblage is comprised of One (1) Oceanfront Lot with a Total Land Mass of approximately 25,350 SF and, Five (05) Second and Third Row Lots with a total land mass of approximately 57,735 SF. FUTURE CONVERSION: This Property has been Legally Subdivided to accommodate a Conversion to Condominiums or Timeshare in the future. Each Individual Rental Unit has been assigned an individual TMS and PIN number. 8 Story Building- Approximately 94,500 Square Feet 129 Guest Rooms in Current Configuration Corridors: (6) Interior - (2) Exterior Offices: (2) On main floor Lobby/Check In: Main Lobby with Concierge Service Outdoor Pool Heated Outdoor Pool Whirlpool Lazy River Exercise Room Restaurant 2 Bars Poolside Cabana Commercial Laundry Facility Guest Laundry 136 Parking Spaces 16 Garage parking Spaces Parking Lots-5 Second and Third Row Lots 2 Elevators HVAC / Guest Rooms: HVAC / Common-Collectively 34 Tons of Split Systems Safety / Security-Fire Electronically Monitored Sprinkler System Backup Generator
Est Sq. Ft. Under Roof: Above 30000
Building Rented (Y/N): No
Estimated Heated Sq. Ft.: Above 30001
Exterior Finish: Yes
Estm. Road Frontage: 600+/-
Provided Courtesy of: Keystone Realty MB, LLC
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