Viewing Listing MLS# 2423233

$5,800,000 | N/A beds | N/A full baths | N/A half baths | 22,092 sqft

$5,800,000 Reduced -$490,000
507 -509 Ocean Blvd. N
Myrtle Beach, SC 29577
  • MU-HZoning
  • 22,092SqFt
  • 63Units
  • N/ASale/Rent
  • N/AWet Lands
  • 0.63Acres
  • MLS# 2423233
  • Commercial
  • HotelMotel
  • Active

  • Approx Time on Market5 months, 14 days
  • AreaMyrtle Beach Area--Southern Limit To 10th Ave N
  • CountyHorry
  • Subdivision N/A

Overview

Welcome to 5th & Ocean, a newly renovated 63-room hotel located at 507-509 N. Ocean Blvd in Myrtle Beach, SC 29577. Situated directly across from the pristine beaches of the Atlantic Ocean and just a short stroll from the iconic SkyWheel, the hotel offers guests modern accommodations with convenient access to the best attractions and dining that Myrtle Beach has to offer. Comprehensive Renovation: In 2023-2024, 5th & Ocean underwent a complete transformation. All electrical wiring, plumbing, and HVAC systems were replaced. The property boasts a new roof, flooring, bathrooms, furniture, blinds, appliances, and TVs, ensuring a comfortable and contemporary stay for all guests. Each room features a sleek design with custom showers and updated dcor, reflecting a blend of comfort and style. Guests can enjoy our refreshed pool area, on-site commercial laundry facilities, ample parking, and a welcoming lobby designed for relaxation and convenience. walking distance attractions: Myrtle Beach SkyWheel: A short walk from the hotel, this 187-foot Ferris wheel offers panoramic views of the coastline, making it a must-visit landmark. Myrtle Beach Boardwalk: Stretching 1.2 miles along the oceanfront, the boardwalk is lined with shops, arcades, and entertainment venues, providing fun for all ages. Ripley's Believe It or Not!: Explore oddities and interactive exhibits at this family-friendly attraction located nearby. Nearby dining options: RipTydz Oceanfront Grille & Rooftop Bar: Just a short distance from the hotel, RipTydz offers fresh seafood, prime steaks, and local favorites in a vibrant oceanfront setting. Land Shark Bar & Grill: Located at 1110 N. Ocean Blvd, this eatery provides a laid-back atmosphere with a menu featuring American classics and seafood specialties. Sea Captain's House: A local favorite, this restaurant serves up coastal dishes like she-crab soup and lobster bisque in a charming oceanfront cottage setting. Myrtle Beach is renowned for its 60-mile stretch of sandy beaches, offering activities such as sunbathing, surfing, and beachcombing. Beyond the shoreline, visitors can enjoy a variety of attractions, including world-class golf courses, shopping at local boutiques, and entertainment venues like the Carolina Opry and Broadway at the Beach. The area also hosts numerous festivals and events throughout the year, celebrating everything from seafood to music, ensuring there's always something happening in this vibrant coastal city. At 5th & Ocean, you will provide your guests with a comfortable and memorable stay, placing them at the heart of all that Myrtle Beach has to offer.



Agriculture / Farm

Grazing Permits Blm:  ,No,

Horse:  No

Grazing Permits Forest Service:  ,No,

Grazing Permits Private:  ,No,

Irrigation Water Rights:  ,No,

Farm Credit Service Incl:  ,No,

Crops Included:  ,No,

Association Fees / Info

Hoa:  No

Bathroom Info

Building Info

New Construction:  No

Num Stories:  4

Mobile Home Remains:  ,No,

Zoning:  MU-H

Building Features:  PoleSign

Construction Materials:  Masonry, Concrete, Steel

Buyer Compensation

Exterior Features

Spa:  No

Financial

Lease Renewal Option:  ,No,

Garage / Parking

Garage:  No

Carport:  No

Open Parking:  No

Attached Garage:  No

Interior Features

Fireplace:  No

Lot Info

Lease Considered:  ,No,

Lease Assignable:  ,No,

Acres:  0.63

Land Lease:  No

Misc

Pool Private:  No

Offer Compensation

Property Info

County:  Horry

Current Use:  HotelMotel

View:  No

Number of Units Total:  63

Senior Community:  No

Stipulation of Sale:  None

Habitable Residence:  ,No,

Property Attached:  No

Security Features:  FireAlarm

Rent Control:  No

Room Info

Basement:  ,No,

Sold Info

Sqft Info

Sqft:  22092

Tax Info

Unit Info

Utilities / Hvac

Cooling:  WallWindowUnits

Electric On Property:  No

Cooling:  Yes

Sewer:  PublicSewer

Heating:  No

Waterfront / Water

Waterfront:  No

Directions

North Ocean Blvd & 5th Ave N.

Courtesy of Realty One Group Dockside 

Mortgage Calculator

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Price & Status History (on rozmurray.com since Sun, Oct 6th 2024)
  • Original Price: $6,290,000
  • Current Price: $5,800,000
  • Price Reduced: $490,000
Date ChangedFromTo
01/31/2025$6,290,000 $5,800,000 Reduced by $490,000

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MLS IDX data last updated on 03-20-2025 11:30 PM EST.

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