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Hotel-Motel

300 Tenth

300 10th Ave N, Myrtle Beach, SC 29577

Listing Price: $4,500,000

Cap Rate
10.48%
Number of Rooms
29
RevPAR
$75
Price/Room
$155,172
RRM
5.71
Year Built
1955

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 300 Tenth located in Myrtle Beach, South Carolina. The conveniently located, two-story property features 29well-appointed guest rooms less than a mile from Myrtle Beach’s pristine shoreline. Guests can take advantage of the complimentary parking and outdoor swimming pool. The property recently underwent $1.16MM in renovations.

Investment Highlights

  • Fee simple interest in the 29-unit, recently renovated 300 Tenth located in Myrtle Beach, South Carolina
  • Subject property recently underwent $1.16MM in renovations including new appliances, completely renovated bathrooms, new A/C units, pool deck resurface, plumbing, and more
  • Ideally located off the intersection of N Kings Highway & US Highway 501, just 4 miles from the Myrtle Beach International Airport
  • Located in the heart of Myrtle Beach, a prime vacation destination with over 19 million visitors each year

Exclusively Listed By

Financing By

Listing Price: $4,500,000

Cap Rate
10.48%
Number of Rooms
29
RevPAR
$75
Price/Room
$155,172
RRM
5.71
Year Built
1955

Investment Highlights

  • Fee simple interest in the 29-unit, recently renovated 300 Tenth located in Myrtle Beach, South Carolina
  • Subject property recently underwent $1.16MM in renovations including new appliances, completely renovated bathrooms, new A/C units, pool deck resurface, plumbing, and more
  • Ideally located off the intersection of N Kings Highway & US Highway 501, just 4 miles from the Myrtle Beach International Airport
  • Located in the heart of Myrtle Beach, a prime vacation destination with over 19 million visitors each year

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 300 Tenth located in Myrtle Beach, South Carolina. The conveniently located, two-story property features 29well-appointed guest rooms less than a mile from Myrtle Beach’s pristine shoreline. Guests can take advantage of the complimentary parking and outdoor swimming pool. The property recently underwent $1.16MM in renovations.

Exclusively Listed By

Financing By

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