703 S Ocean Blvd | Myrtle Beach, SC 29577
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- LoopNet Team
703 S Ocean Blvd
Myrtle Beach, SC 29577
Palette Resort Myrtle Beach · Hospitality Property For Sale
·
94,500 SF
INVESTMENT HIGHLIGHTS
- View: https://rimarketplace.com/auction/1800?utm_source=costar&utm_medium=listing&utm_campaign=hospitality_1800
- Oceanfront property offered at a significant discount to replacement cost in the high-barrier to entry Myrtle Beach market
- Discussions have commenced with multiple brands including Marriott, Hyatt, Wyndham, and Choice Hotels and expect additional brands may be available
- Opportune time for investors to capitalize on the continued strength and growth in the drive-to leisure market
- Blank-slate opportunity: fee simple interest offered unencumbered of brand, management or debt
- The Myrtle Beach area boasts 90 championship golf courses, making it a premiere destination for golf enthusiasts and aficionados
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 8 |
| Property Subtype | Hotel | Year Built/Renovated | 1991/2021 |
| Building Class | B | Tenancy | Single |
| Lot Size | 0.58 AC | Corridor | Interior |
| Building Size | 94,500 SF | ||
| Zoning | MUH | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.58 AC |
| Building Size | 94,500 SF |
| No. Stories | 8 |
| Year Built/Renovated | 1991/2021 |
| Tenancy | Single |
| Corridor | Interior |
| Zoning | MUH |
AMENITIES
- Balcony
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Beach (direct access)
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
PROPERTY TAXES
| Parcel Number | 44311030081 | Improvements Assessment | $0 |
| Land Assessment | $3 | Total Assessment | $3 |
PROPERTY TAXES
Parcel Number
44311030081
Land Assessment
$3
Improvements Assessment
$0
Total Assessment
$3
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