In Myrtle Beach’s ultra-competitive hospitality market, there’s no such thing as an off-season. Over the past several months, three more properties have joined others for sale — all with asking prices of at least $4.5 million.
Here’s a look at the latest offerings at commercial real estate exchange Crexi.com
A hotel within walking distance of major city landmarks is ready to sell
The 300 Tenth hotel, just a few steps from Myrtle Beach’s SkyWheel and boardwalk, is on the market at $4.9 million. Originally listed Oct. 12, the 20,854-square-foot property boasts 34 units.
“Fully redone in 2022 and fully operational. Everything was replaced. Roof, plumbing , electric, flooring, HVAC, furniture, appliances, kitchens, All is NEW! Located just a short distance from the ferris wheel, Nance Plaza, The Boardwalk, Broadway at The Beach, water parks and amusement parks,” the listing states.
A combo deal on landmark downtown properties can be had for just more than $5 million
The Coral Sands and Sea Gypsy properties along N. Ocean Boulevard in Myrtle Beach are being offered in a $5.25 million package that would give its owner 58 short and long-term rental units with opportunities for broader redevelopment in the city’s entertainment core.
“Offering a total of 210 (feet of) frontage on the Atlantic Ocean, this property is a value-add opportunity with conversion to a boutique concept or complete site redevelopment. Property is being sold “as-is, where-is,” the ad, posted Aug. 29, says.
The distinctive Mystic Sea can be had for $7 million
Posted Oct. 2, the Mystic Sea at 2105 S. Ocean Blvd. features 63 rooms and is “turn-key ready” for a new proprietor, according to the listing.
Chicago-based real estate firm Cushman & Wakefield’s newly established Southeastern hotel group is managing the sale.
The property is a three-story, limited-service hotel that was fully renovated and in turn-key condition. The property is located directly on the beach and within close proximity to a variety of demand generators,” the ad states.