1011 South Ocean Boulevard

Surfside, SC

Multi-family for Sale - 16,000 Sq. Ft. on 0.61 acres


Agent Info

Lamar Fisher
Fisher Auction Company

Property Info

CIMLS#1175546
Location
  1011 South Ocean Boulevard
  Surfside SC 29575
UpdatedMay 2nd, 2025
TypeMulti-family
PriceUpon Request
Building16,000 Sq. Ft.
Land0.61 acres

Property Description

Fisher Auction Company and Century 21 The Harrelson Group are pleased to present via Online Auction Event 11 Oceanfront Condominiums in the Heart of Myrtle Beach, South Carolina.

UNIT MIX:

• Unit Nos. 101, 102, 103, 104, 201, 203, 204, 205, 302, 304, 305

• Each Unit has 1,056± SF with 2 Bedrooms 2 Bathrooms with the exception of Unit 104 which has 768± SF with 1 Bedroom 1 Bathroom

• PIN: 46109030025, 46109030026, 46109030037, 46109030031, 46109030024, 46109030027,

46109030033, 46109030028, 46109030035, 46109030030

• Each Unit has a 2024 Tax Assessed Value of $469,500.00 and 2024 Real Estate Taxes of $6,066.49

PROPERTY HIGHLIGHTS

• Upside Investment Opportunity consisting of 11 Oceanfront Condos

• Prime Location in Surfside Beach with Spectacular Ocean Views

• Units and Building have been recently Renovated and Updated

• Close Proximity to World Class Golf, Fishing, Fine Dining, Shopping and Entertainment

• Central Location within 2 Hours to Charleston and Wilmington

• Major Air Travel is located only 20 minutes to Myrtle Beach International Airport

• Perfect Investment with potential for High Rental or Resale Value

• Horry County is experiencing Rising Job Growth, a Healthy Jobs Market and Steady Residential Construction

• Surfside Beach has easy access to main transportation networks in the Myrtle Beach MSA. The area has a stable economy supported by the Tourism, Hospitality, Entertainment, Healthcare and Aerospace sectors.

• All Units will include current inventory of Furnishings and Appliances

• Amenities include On-Site Parking, Jacuzzi Hot Tub, Grilling Area, Elevator and Private Beach Access

PROPERTY DETAILS

• Address: 1011 S Ocean Boulevard, Surfside Beach, SC 29575

• Location: East side of S Ocean Boulevard on the Atlantic Ocean

• Directions: From Business US Highway 17 go East on 10th Avenue S to Ocean Boulevard. Turn right to Address

• Access: Ocean Boulevard

• Unit Size / Mix: 10 - 2 / 2 Units with 1,056± SF and 1 - 1/1 Unit with 768± SF

• Land Area: 26,417± SF / .6± Acres

• Current Use: 15 Unit Condominium Building

• Construction: Wood Frame on Pilings, Concrete Siding, Concrete Foundation, Built-Up Flat Roofing with Mansard Perimeter

• HVAC: Central System

• Year Built: 1983, Renovated. Renovations include New Roof in 2020, Hurricane Rated Doors , Updated Kitchens and Bathrooms, New Stairwells, Refinished Ground Level Concrete, New Fencing, Carpet and Tile Flooring and Exterior Paint in 2023.

• Frontage: 140± Feet along S Ocean Boulevard and The Atlantic Ocean

• Zoning: R3 - Multifamily

• Taxes: See attached in Unit Spreadsheet

• Parcel ID No.: See attached in Unit Spreadsheet

• Flood Zone: Zones VE and AE per FEMA Map 45051C0801K

• Parking: 25 Surface Spaces

• Utilities: Municipal Water and Sewer

AUCTION DATE / TIME:

Begins - Thursday, June 5, 2025 @ 11:00 AM ET Ends - Thursday, June 5, 2025 @ 1:00 PM ET (Subject to Time Extensions)

ONLINE AUCTION ONLY:

Online Auction will be held on Fisher Auction’s Exclusive Bidding Platform - Bid.Fisherauction.com

PROPERTY TOURS:

Please Contact: Stacey Weaver at stacey@c21harrelson.com | 843.251.6795 for Scheduled Tour Dates and Private Showings

AUCTION METHOD:

The Final Bid Price for the Property shall be determined by competitive bidding at the Auction. The Property is being sold to the Highest and Successful Bidder at or above a bid price of $2,150,000.00 plus the seven percent (7%) Buyer’s Premium, subject to the terms and conditions of the Governing Documents.

QUALIFYING BIDDER REQUIREMENTS:

Please contact our office for Bidder Qualifications Instructions Package.

BROKER PARTICIPATION

2% of the Final Bid Price. Contact our office or visit www.fisherauction.com for the Mandatory Real Estate Buyer Broker Participation Registration Form.


Financials