703 S Ocean Blvd., Myrtle Beach, SC 29577

$12,750,000
List Price
$12,750,000
Status
ACTIVE
MLS#
1808277
Days on Market
279
Property Type
Commercial
Lot Size
83,199
Region
16G Myrtle Beach Area--Southern

Property Description

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

Additional Information

County
Horry
Style
No
Parking Spaces
Unknown
Acres
1.91
Zoning
MU-H
Listing Courtesy Of
Keystone Realty MB, LLC , Rusty Helm

Mortgage Calculator

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Listing courtesy of Keystone Realty MB, LLC , Rusty Helm.

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2019 of the Coastal Carolinas Association of REALTORS® MLS. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.