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2711 S Ocean Blvd
Myrtle Beach, SC 29577

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

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

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

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

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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