Investment Overview

Marcus and Millichap are pleased to present Pace view II in Myrtle Beach, SC at 2200 S Ocean Blvd. The subject property includes 68 one-bedroom units averaging 280 SF sitting on one acre. The property is currently vacant. New investors can operate the subject property short-term rental or hotel. Tenants can walk across the street to the beach and have easy access to over 100 restaurants and shops. The subject property is only 3 miles from the Boardwalk where the city has made plans to do a major redevelopment to Downtown Myrtle Beach. The City has already purchased over 18 million in properties that will be renovated or repurposed along Broadway St. and 9th Ave N. This area is home to the Carolina Country Music Festival, which attracts over 35,000 attendees at the beginning of June. This festival is held for three days on 18 acres in downtown Myrtle Beach. This property is only steps from the Beach, 4.6 miles to Broadway at the Beach, and 3 miles to the Boardwalk. Myrtle Beach is the fastest-growing city in the United States, according to a list by U.S. News and World Report. The list ranks cities by net migration for each metro area, measured by growth or decline in population over the last five years. Tripadvisor rated Myrtle Beach as the 3rd most popular summer destination and GolfPass ranked Myrtle Beach as the world’s 13th best golf destination. Investors will be able to take advantage of all the demand generators Myrtle Beach has to offer.