Three more Myrtle Beach hotels ready for new owners. Here’s what they’re selling for.

Adam Benson
·2 min read

In Myrtle Beach’s ultra-competitive hospitality market, there’s no such thing as an off-season. Over the past several months, three more properties have joined others for sale — all with asking prices of at least $4.5 million.

Here’s a look at the latest offerings at commercial real estate exchange Crexi.com

A hotel within walking distance of major city landmarks is ready to sell

The 300 Tenth hotel, just a few steps from Myrtle Beach’s SkyWheel and boardwalk, is on the market at $4.9 million. Originally listed Oct. 12, the 20,854-square-foot property boasts 34 units.

The 300 Tenth hotel in Myrtle Beach was listed for sale on Oct. 12, 2023 for nearly $5 million
The 300 Tenth hotel in Myrtle Beach was listed for sale on Oct. 12, 2023 for nearly $5 million

“Fully redone in 2022 and fully operational. Everything was replaced. Roof, plumbing , electric, flooring, HVAC, furniture, appliances, kitchens, All is NEW! Located just a short distance from the ferris wheel, Nance Plaza, The Boardwalk, Broadway at The Beach, water parks and amusement parks,” the listing states.

A combo deal on landmark downtown properties can be had for just more than $5 million

The Coral Sands and Sea Gypsy properties along N. Ocean Boulevard in Myrtle Beach are being offered in a $5.25 million package that would give its owner 58 short and long-term rental units with opportunities for broader redevelopment in the city’s entertainment core.

The Coral Sands and Sea Gypsy properties along N. Ocean Boulevard in Myrtle Beach have been on the market since August 2023
The Coral Sands and Sea Gypsy properties along N. Ocean Boulevard in Myrtle Beach have been on the market since August 2023

“Offering a total of 210 (feet of) frontage on the Atlantic Ocean, this property is a value-add opportunity with conversion to a boutique concept or complete site redevelopment. Property is being sold “as-is, where-is,” the ad, posted Aug. 29, says.

The distinctive Mystic Sea can be had for $7 million

Posted Oct. 2, the Mystic Sea at 2105 S. Ocean Blvd. features 63 rooms and is “turn-key ready” for a new proprietor, according to the listing.

Chicago-based real estate firm Cushman & Wakefield’s newly established Southeastern hotel group is managing the sale.

The Mystic Sea hotel along S. Ocean Blvd. in Myrtle Beach hit the market on Oct. 2, 2023.
The Mystic Sea hotel along S. Ocean Blvd. in Myrtle Beach hit the market on Oct. 2, 2023.

The property is a three-story, limited-service hotel that was fully renovated and in turn-key condition. The property is located directly on the beach and within close proximity to a variety of demand generators,” the ad states.