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501 N Ocean Blvd
Myrtle Beach, SC 29577

$2,590,000 USD

Hotel For Sale • 6,500 SF

Property Details

Property Type Hotel
Total Building Size 6,500 SF
Lot Size 0.2 AC
Building Class C
Year Built 1960
Cap Rate 9.56 %
Tenancy Single
Zoning RC

0 Transit Score

71 Walk Score

                
                    Highlights
                
                                2023 Gut Renovated
                            
                                Direct Beach Access
                            
                                Pool & Starbucks across the hotel
                            
                                Heavy Foot Traffic

Property Flyers

LilyBloom Myrtle Beach Flyer

Lily&Bloom Financials

Financial Summary (Actual)

Net Operating Income: $247,709 USD (2024)

Cap Rate:	9.56 %
Total Expenses:	$141,214 USD

Amenities

Balcony
Pool
High Speed Internet Access
Beach (direct access)
Boutique/Lifestyle Hotel
Public Access Wifi

Public Transportation

Airport	Drive	Walk	Distance
Myrtle Beach International	10 min	-	3.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	17
Type:	Surface
Included in Rent:	Yes

Amir Tal 929-888-2279 BH Capital Advisers

501 N Ocean Blvd Myrtle Beach, SC 29577