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2711 S Ocean Blvd
Myrtle Beach, SC 29577

Aventura on the Ocean · Hospitality Property For Sale · 41 Rooms

INVESTMENT HIGHLIGHTS

  • Direct Beachfront Access
  • Outdoor Pool
  • Proximity to area's top attractions

EXECUTIVE SUMMARY

Fully Renovated Oceanfront Property now available and priced to sell! Reimagined and rebranded in 2022/2023, this stunning oceanfront property spans 0.43 acres on a high-visibility corner lot with seamless beach access. Boasting 41 modern units, including efficiency and double rooms, it offers stylish accommodations designed to attract guests year-round. Key features include a sleek modern design, a large pool, beachfront access, and a welcoming reception and lobby area, creating a unique and memorable guest experience. An on-site commercial laundry facility adds convenience and operational efficiency. Many aspects of the property have been upgraded within the last 2-3 years, including the roof, electrical, plumbing, interiors, furniture, fixtures, bathrooms, kitchens, and exterior. Fully operational and income-producing, this is a rare turnkey investment opportunity in a coveted coastal location.

PROPERTY FACTS

Price Per Room £83,157
Sale Type Investment
Net Initial Yield 9.31%
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 0.43 AC
Building Size 30,288 SF
No. Rooms 41
Number of Floors 4
Year Built/Renovated 1969/2022
Parking Ratio 1.74/1,000 SF
Corridor Exterior

AMENITIES

  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wi-Fi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites
  • Smoke Detector

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 41 £67.57 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
44508020007
Land Assessment
£68,489
Improvements Assessment
£23,669
Total Assessment
£92,158

ZONING

Zoning Code MU-M (Commercial / Hospitality/ Ocean front.)
MU-M (Commercial / Hospitality/ Ocean front.)
  • Listing ID: 34062444

  • Date on Market: 03/12/2024

  • Last Updated:

  • Address: 2711 S Ocean Blvd, Myrtle Beach, SC 29577

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