Market Trends for
- Last Updated: 9/22/18
- Market Snapshot
- Total Properties listed: 678
- Average list Price: $302,564.73
- Median list Price: $245,000.00
- Typical Property
- 1448.06 Square Feet
- $208.94 / Sq. Ft.
$12,750,000.00 703 S Ocean Boulevard
- Address: 703 S Ocean Boulevard
- City / Zip:Myrtle Beach, SC 29577
- Date Listed:04/17/2018
- Property Type: Commercial
- This listing is provided courtesy by Keystone Realty MB, LLC.
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
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