Ann Konetes - Coldwell Banker Sea Coast Advantage Realty
2711 South Ocean Blvd.
Myrtle Beach, SC 29577

$2,900,000

Description

Formerly known as The Atlantic Breeze, this 42 Unit Resort Motel is located on a single, rectangular, Oceanfront Lot at the corner of South Ocean Boulevard and 28th Avenue South. It includes a 4-Story Section with Direct Ocean-Views, and a 2-Story Section with views of the Pool and South Ocean Boulevard. GENERAL SITE INFORMATION: Approximately .43 Acres, (18,731 Square Feet). Approximately 70' of Frontage on Ocean Boulevard. Corner of South Ocean Boulevard and 28th Avenue South. Average Daily Traffic Count-11,600 (Source: SCDOT 2017). Site abuts a Public Ocean Access on the South at the 28th Avenue Street End. IMPROVEMENTS: Low Rise Hotel includes a 4-Story Section with Direct Ocean Views constructed in 1969. 16 Units with Direct Ocean Views. Low Rise Hotel includes a 2-Story Section with views of the Pool and Boulevard. 26 Units Side Units with Pool and Boulevard Views. Outdoor Pool with Southern Exposure. Commercial Laundry Facilities. Check-In Office and Administrative Office fronting on the Boulevard. Onsite Parking. NEIGHBORHOOD: Located in the South Ocean Boulevard District and is within comfortable walking distance to Springmaid Pier, Downwind Watersport Rentals, Myrtle Beach State Park and several Oceanfront Dining Options. The property is also in close proximity to the Horry County International Airport, and Market Commons which is a NEW Specialty Retail/Dining/Entertainment District. Property is under a Lease Agreement which expires September 30, 2020. No Financials are Available. Sale is net of Furniture, Fixtures and Equipment

Details

MLS#1820966
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site63

Features

Story(s)4
Units42
ZoningMU-M

Market Activity 29577

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Area Information

StateSC
CountyHorry
CityMyrtle Beach
Zip Code29577
Area16G Myrtle Beach Area--Southern
Listing VS Median (in 29577)
Price:
$2,900,000
low | high
Med:
$169,900
100% of Average
On Site:
63
low | high
Med:
203
31.034482758621% of Average
Listing Updated: 12/17/2018
MLS Number: 1820966
Listing Provided By:
Rusty Helm  of  Keystone Realty MB LLC