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The Diplomat 606 N Ocean Blvd 54 Room Hotel Myrtle Beach, SC 29577 $7,600,000 ($140,741/Room)
INVESTMENT HIGHLIGHTS
- ocean front property, commercial and restaurant space, close to restaurants and right on the boardwalk
EXECUTIVE SUMMARY
Sale Includes building, Business, land, equipment, inventory, good will, signs. The terms of sale are conventional, Cash, or owner w/Consider Financing
Welcome to The Diplomat, an ICONIC Ocean Front Property located on Ocean Blvd and 7th Avenue North, Right on the Boardwalk and a short walk to the Myrtle Beach SkyWheel.
Property: Oceanfront 54-Unit Building + Commercial Restaurant Space
Location: 606 N. Ocean Blvd, Myrtle Beach, SC 29577 Oceanfront property and an additional parcel at 301 7th Ave North (parking lot).
Lot Size: 0.6 acres (building) + 0.2 acres (vacant/parking). Total of 0.8 acres.
Building Size: ±24,000 SF
PROPERTY OVERVIEW:
54-unit building on oceanfront lot.
Street-level commercial restaurant which was just redone in 2025.
0.2-acre lot at 301 7th Ave North used for parking.
Prime location within Myrtle Beach’s entertainment district.
MARKET & ZONING INFORMATION
Zoning: MU-H (Mixed Use High Density) for main parcel; Downtown Redevelopment.
Restaurant Market: Strong walk-in traffic due to location along the Grand Strand’s primary tourism corridor.
INVESTMENT HIGHLIGHTS
High-demand tourism market.
Oceanfront positioning with added value of separate parking parcel
Mixed-use income diversity: residential + food/beverage
Potential for operational optimization or redevelopment.
Located on the oceanfront where the new Hwy 501 East Connector will end at the Diplomat Motel Oceanfront. (The Diplomat Motel is located in the DRC ,Downtown Redevelopment Comm Corridor. Zoned TA-80 (Transient Accommodations). Floating Zoning area. Opportunity Zone Updated in 2018.) Financials are available to qualified buyers. Amenities - Exterior pool, The Boardwalk opened in the summer of 2010 the Diplomat Motel has 200' of hotel frontage directly in front of the hotel for its guest. Two beach accesses, one on the North side and one on the South side. Pizzeria with a diverse cuisine ON PROPERTY!!! And only blocks away Ripley's Believe It Or Not, Myrtle Beach Sky-wheel and Sling Shot, The Gay Dolphin-largest gift shop on the beach, The Bowery home of country music super-group The Alabama Band, and many unique restaurants, and you can't miss a walk through I LOVE SUGAR candy store with hundreds of unique sweet candy's across from the Gay Dolphin, so much more to do!! You can stay a week and never have to drive!!
Welcome to The Diplomat, an ICONIC Ocean Front Property located on Ocean Blvd and 7th Avenue North, Right on the Boardwalk and a short walk to the Myrtle Beach SkyWheel.
Property: Oceanfront 54-Unit Building + Commercial Restaurant Space
Location: 606 N. Ocean Blvd, Myrtle Beach, SC 29577 Oceanfront property and an additional parcel at 301 7th Ave North (parking lot).
Lot Size: 0.6 acres (building) + 0.2 acres (vacant/parking). Total of 0.8 acres.
Building Size: ±24,000 SF
PROPERTY OVERVIEW:
54-unit building on oceanfront lot.
Street-level commercial restaurant which was just redone in 2025.
0.2-acre lot at 301 7th Ave North used for parking.
Prime location within Myrtle Beach’s entertainment district.
MARKET & ZONING INFORMATION
Zoning: MU-H (Mixed Use High Density) for main parcel; Downtown Redevelopment.
Restaurant Market: Strong walk-in traffic due to location along the Grand Strand’s primary tourism corridor.
INVESTMENT HIGHLIGHTS
High-demand tourism market.
Oceanfront positioning with added value of separate parking parcel
Mixed-use income diversity: residential + food/beverage
Potential for operational optimization or redevelopment.
Located on the oceanfront where the new Hwy 501 East Connector will end at the Diplomat Motel Oceanfront. (The Diplomat Motel is located in the DRC ,Downtown Redevelopment Comm Corridor. Zoned TA-80 (Transient Accommodations). Floating Zoning area. Opportunity Zone Updated in 2018.) Financials are available to qualified buyers. Amenities - Exterior pool, The Boardwalk opened in the summer of 2010 the Diplomat Motel has 200' of hotel frontage directly in front of the hotel for its guest. Two beach accesses, one on the North side and one on the South side. Pizzeria with a diverse cuisine ON PROPERTY!!! And only blocks away Ripley's Believe It Or Not, Myrtle Beach Sky-wheel and Sling Shot, The Gay Dolphin-largest gift shop on the beach, The Bowery home of country music super-group The Alabama Band, and many unique restaurants, and you can't miss a walk through I LOVE SUGAR candy store with hundreds of unique sweet candy's across from the Gay Dolphin, so much more to do!! You can stay a week and never have to drive!!
PROPERTY FACTS
| Price | $7,600,000 | No. Rooms | 54 |
| Price Per Room | $140,741 | No. Stories | 3 |
| Sale Type | Investment | Year Built | 1962 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 0.66/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.60 AC | Opportunity Zone |
Yes
|
| Building Size | 23,336 SF | ||
| Zoning | MU-H - Mixed Use High Density | ||
| Price | $7,600,000 |
| Price Per Room | $140,741 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 23,336 SF |
| No. Rooms | 54 |
| No. Stories | 3 |
| Year Built | 1962 |
| Tenancy | Single |
| Parking Ratio | 0.66/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | MU-H - Mixed Use High Density |
AMENITIES
- Pool
- On-Site Retail
- High Speed Internet Access
- Beach (direct access)
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 54 | $79.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 44408010194 | Improvements Assessment | $49,006 |
| Land Assessment | $252,000 | Total Assessment | $301,006 |
PROPERTY TAXES
Parcel Number
44408010194
Land Assessment
$252,000
Improvements Assessment
$49,006
Total Assessment
$301,006
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The Diplomat | 606 N Ocean Blvd
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