Mermaid Inn | 5400 N Ocean Blvd
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Mermaid Inn 5400 N Ocean Blvd
57 Room Hotel Myrtle Beach, SC 29577 £5,120,610 (£89,835/Room)
Investment Highlights
- Closest Oceanfront Parcel on the Beach!
- 2024 Renovated!
- Quite and Serene Location
- Turn-key Property
Executive Summary
Priced to Sell! - Financials attached.
Discover The Mermaid Inn, a newly renovated oceanfront boutique hotel that presents a rare investment opportunity in the heart of Myrtle Beach. Nestled on a prime 1-acre oceanfront parcel, this charming property features 57 elegantly designed rooms spread across three levels.
Key Highlights:
-Recent Renovation: Underwent an extensive renovation in 2024, including both interior and exterior upgrades. Every detail has been thoughtfully addressed, from brand-new appliances to stylish, contemporary furnishings.
-Prime Location: Situated in a serene, well-maintained area of Myrtle Beach, this hotel offers a tranquil retreat while being conveniently close to local attractions and Myrtle Beach Airport.
-Solid Investment: Currently managed by a highly reputable third-party management team, the property is operational and generating steady cash flow. With all major renovations completed, it's ready for immediate use or further enhancement.
-Versatile Property: While the hotel is fully operating and functional, it also offers redevelopment potential due to the large size parcel.
-Comfort and Convenience: Guests will enjoy spacious rooms, a pool deck, a vending machine room, and a guest laundry facility. The property boasts the closest oceanfront parcel to the beach, offering unobstructed, breathtaking views.
This is more than just a hotel; it’s an opportunity to own a piece of Myrtle Beach’s coveted coastline. Don’t miss out on this incredible investment!
Schedule Your Tour Today!
Contact us to arrange a viewing and explore the potential of The Mermaid Inn.
Discover The Mermaid Inn, a newly renovated oceanfront boutique hotel that presents a rare investment opportunity in the heart of Myrtle Beach. Nestled on a prime 1-acre oceanfront parcel, this charming property features 57 elegantly designed rooms spread across three levels.
Key Highlights:
-Recent Renovation: Underwent an extensive renovation in 2024, including both interior and exterior upgrades. Every detail has been thoughtfully addressed, from brand-new appliances to stylish, contemporary furnishings.
-Prime Location: Situated in a serene, well-maintained area of Myrtle Beach, this hotel offers a tranquil retreat while being conveniently close to local attractions and Myrtle Beach Airport.
-Solid Investment: Currently managed by a highly reputable third-party management team, the property is operational and generating steady cash flow. With all major renovations completed, it's ready for immediate use or further enhancement.
-Versatile Property: While the hotel is fully operating and functional, it also offers redevelopment potential due to the large size parcel.
-Comfort and Convenience: Guests will enjoy spacious rooms, a pool deck, a vending machine room, and a guest laundry facility. The property boasts the closest oceanfront parcel to the beach, offering unobstructed, breathtaking views.
This is more than just a hotel; it’s an opportunity to own a piece of Myrtle Beach’s coveted coastline. Don’t miss out on this incredible investment!
Schedule Your Tour Today!
Contact us to arrange a viewing and explore the potential of The Mermaid Inn.
Property Facts
| Price | £5,120,610 | Building Size | 28,551 SF |
| Price Per Room | £89,835 | No. Rooms | 57 |
| Sale Type | Investment | Number of Floors | 1 |
| Property Type | Hospitality | Year Built | 1971 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 2.1/1,000 SF |
| Lot Size | 1.00 AC | Corridor | Exterior |
| Price | £5,120,610 |
| Price Per Room | £89,835 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 28,551 SF |
| No. Rooms | 57 |
| Number of Floors | 1 |
| Year Built | 1971 |
| Tenancy | Single |
| Parking Ratio | 2.1/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Centre
- Pool
- High Speed Internet Access
- Patio
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | £89.95 | - |
| Guest Room | 54 | £66.28 | - |
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PROPERTY TAXES
| Parcel Number | 42115030095 | Improvements Assessment | £43,434 |
| Land Assessment | £77,401 | Total Assessment | £120,835 |
PROPERTY TAXES
Parcel Number
42115030095
Land Assessment
£77,401
Improvements Assessment
£43,434
Total Assessment
£120,835
zoning
| Zoning Code | Comm (Short Term Rentals) |
| Comm (Short Term Rentals) |
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Mermaid Inn | 5400 N Ocean Blvd
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