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Fifth and Ocean 507-509 N Ocean Blvd 63 Room Hotel Myrtle Beach, SC 29577 $5,800,000 ($92,063/Room)
INVESTMENT HIGHLIGHTS
- Turn Key property, complete renovation 2023-2024, pool and all common areas were renovated in 2024, close proximity to dining, recreation
EXECUTIVE SUMMARY
Welcome to 5th & Ocean, a newly renovated 63-room hotel located at 507-509 N. Ocean Blvd in Myrtle Beach, SC 29577. Situated directly across from the pristine beaches of the Atlantic Ocean and just a short stroll from the iconic SkyWheel, the hotel offers guests modern accommodations with convenient access to the best attractions and dining that Myrtle Beach has to offer.
Comprehensive Renovation: In 2023-2024, 5th & Ocean underwent a complete transformation. All electrical wiring, plumbing, and HVAC systems were replaced. The property boasts a new roof, flooring, bathrooms, furniture, blinds, appliances, and TVs, ensuring a comfortable and contemporary stay for all guests. Each room features a sleek design with custom showers and updated décor, reflecting a blend of comfort and style. Guests can enjoy our refreshed pool area, on-site commercial laundry facilities, ample parking, and a welcoming lobby designed for relaxation and convenience.
walking distance attractions: Myrtle Beach SkyWheel: A short walk from the hotel, this 187-foot Ferris wheel offers panoramic views of the coastline, making it a must-visit landmark.
Myrtle Beach Boardwalk: Stretching 1.2 miles along the oceanfront, the boardwalk is lined with shops, arcades, and entertainment venues, providing fun for all ages.
Ripley's Believe It or Not!: Explore oddities and interactive exhibits at this family-friendly attraction located nearby.
Nearby dining options:
RipTydz Oceanfront Grille & Rooftop Bar: Just a short distance from the hotel, RipTydz offers fresh seafood, prime steaks, and local favorites in a vibrant oceanfront setting.
Land Shark Bar & Grill: Located at 1110 N. Ocean Blvd, this eatery provides a laid-back atmosphere with a menu featuring American classics and seafood specialties.
Sea Captain's House: A local favorite, this restaurant serves up coastal dishes like she-crab soup and lobster bisque in a charming oceanfront cottage setting.
Myrtle Beach is renowned for its 60-mile stretch of sandy beaches, offering activities such as sunbathing, surfing, and beachcombing. Beyond the shoreline, visitors can enjoy a variety of attractions, including world-class golf courses, shopping at local boutiques, and entertainment venues like the Carolina Opry and Broadway at the Beach. The area also hosts numerous festivals and events throughout the year, celebrating everything from seafood to music, ensuring there's always something happening in this vibrant coastal city.
At 5th & Ocean, you will provide your guests with a comfortable and memorable stay, placing them at the heart of all that Myrtle Beach has to offer.
Comprehensive Renovation: In 2023-2024, 5th & Ocean underwent a complete transformation. All electrical wiring, plumbing, and HVAC systems were replaced. The property boasts a new roof, flooring, bathrooms, furniture, blinds, appliances, and TVs, ensuring a comfortable and contemporary stay for all guests. Each room features a sleek design with custom showers and updated décor, reflecting a blend of comfort and style. Guests can enjoy our refreshed pool area, on-site commercial laundry facilities, ample parking, and a welcoming lobby designed for relaxation and convenience.
walking distance attractions: Myrtle Beach SkyWheel: A short walk from the hotel, this 187-foot Ferris wheel offers panoramic views of the coastline, making it a must-visit landmark.
Myrtle Beach Boardwalk: Stretching 1.2 miles along the oceanfront, the boardwalk is lined with shops, arcades, and entertainment venues, providing fun for all ages.
Ripley's Believe It or Not!: Explore oddities and interactive exhibits at this family-friendly attraction located nearby.
Nearby dining options:
RipTydz Oceanfront Grille & Rooftop Bar: Just a short distance from the hotel, RipTydz offers fresh seafood, prime steaks, and local favorites in a vibrant oceanfront setting.
Land Shark Bar & Grill: Located at 1110 N. Ocean Blvd, this eatery provides a laid-back atmosphere with a menu featuring American classics and seafood specialties.
Sea Captain's House: A local favorite, this restaurant serves up coastal dishes like she-crab soup and lobster bisque in a charming oceanfront cottage setting.
Myrtle Beach is renowned for its 60-mile stretch of sandy beaches, offering activities such as sunbathing, surfing, and beachcombing. Beyond the shoreline, visitors can enjoy a variety of attractions, including world-class golf courses, shopping at local boutiques, and entertainment venues like the Carolina Opry and Broadway at the Beach. The area also hosts numerous festivals and events throughout the year, celebrating everything from seafood to music, ensuring there's always something happening in this vibrant coastal city.
At 5th & Ocean, you will provide your guests with a comfortable and memorable stay, placing them at the heart of all that Myrtle Beach has to offer.
PROPERTY FACTS
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 63 | $203.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 44408010202 | Improvements Assessment | $40,446 |
| Land Assessment | $73,584 | Total Assessment | $114,030 |
PROPERTY TAXES
Parcel Number
44408010202
Land Assessment
$73,584
Improvements Assessment
$40,446
Total Assessment
$114,030
1 of 51
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Fifth and Ocean | 507-509 N Ocean Blvd
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