Property Listing No Longer Available for Sale

703 South Ocean Highway, Myrtle Beach, SC

Hotel for Sale - 25,160 Sq. Ft. on 1.91 acres


Property Info

CIMLS #999760
Location703 South Ocean Highway
Myrtle Beach SC 29577
Last UpdatedOctober 19th, 2018
TypeHotel
PriceUndisclosed
Building25,160 Sq. Ft.
Land1.91 acres
DemographicsView data

Property Description

Atlantic Palms Oceanfront Resort-Hotel For Sale-Myrtle Beach, SC.

Offered FOR SALE is the 3 Palms Oceanfront Resort. The 3 Palms, consists of 129 Rental Units and, is located in the Yaupon Circle Section of Myrtle Beach situated on the Oceanfront between 7th & 8th Avenues South. Each Rental Unit has its own Tax Map Parcel in preparation for a Conversion to a Condominium Regime. The property is in close proximity to Family Kingdom Amusement Park, Restaurants, Fishing Piers, Market Commons, Retail Shopping, and Entertainment Venues. The Hotel is comprised of one 8 story building with both interior and exterior corridor floors. There is a combination of on-site and off-site parking.

NEIGHBORHOOD: Considered one of the nation's top vacation destinations Myrtle Beach hosts nearly 16 million visitors each year and offers an increasing number of attractions, live-music theaters, shopping centers, and more than 120 golf courses.

REAL ESTATE: This assemblage is comprised of One (1) Oceanfront Lot with a Total Land Mass of approximately 25,350 SF and, Five (05) Second and Third Row Lots with a total land mass of approximately 57,735 SF.

FUTURE CONVERSION: This Property has been Legally Subdivided to accommodate a Conversion to Condominiums or Timeshare in the future. Each Individual Rental Unit has been assigned an individual TMS and PIN number.

8 Story Building- Approximately 94,500 Square Feet

129 Guest Rooms in Current Configuration

Corridors: (6) Interior - (2) Exterior

Offices: (2) On main floor

Lobby/Check In: Main Lobby with Concierge Service

Outdoor Pool

Heated Outdoor Pool

Whirlpool

Lazy River

Exercise Room

Restaurant

2 Bars

Poolside Cabana

Commercial Laundry Facility

Guest Laundry

136 Parking Spaces

16 Garage parking Spaces

Parking Lots-5 Second and Third Row Lots

2 Elevators

HVAC / Guest Rooms:

HVAC / Common-Collectively 34 Tons of Split Systems

Safety / Security-Fire Electronically Monitored

Sprinkler System

Backup Generator

Keystone Commercial Realty

Tag: Hotel for Sale, Resort for Sale, Real Estate for Sale, Commercial Real Estate, Commercial Property, Commercial Building, Retail Space, Commercial Space, Property, Commercial Property, Myrtle Beach Commercial Real Estate



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