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Hotel-Motel

Aventura on the Ocean

2711 S Ocean Blvd, Myrtle Beach, SC 29577

Listing Price: $4,599,000

Cap Rate
8.71%
Number of Rooms
39
RevPAR
$56
Price/Room
$117,923
Year Built
1978

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the Aventura on the Ocean located in Myrtle Beach, South Carolina. The four-story property features 39-well-appointed guest rooms and is ideally located just steps from Myrtle Beach’s pristine shoreline. Guests can take advantage of the complimentary parking and outdoor swimming pool as well as select units featuring oceanfront views. Current owners recently invested over $600,000 towards renovations.

Investment Highlights

  • Fee simple interest in the well-maintained, 39-unit Aventura on the Ocean
  • Subject property was recently underwent $600k in renovations, all units are equipped with a kitchinette, select units offer oceanfront views
  • Ideally located in the heart of Myrtle Beach, a prime tourist destination attracting 19 million visitors each year
  • High visibility, located off S Kings Highway | Section of highway closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 32,900 vehicles per day
  • Proximity to all Myrtle Beach's major attractions: The Boardwalk, The Market Common, SkyWheel, Myrtle Beach, Myrtle Beach Convention Center, and more

Exclusively Listed By

Financing By

Hotel-Motel

Aventura on the Ocean

Listing Price: $4,599,000

Cap Rate
8.71%
Number of Rooms
39
RevPAR
$56
Price/Room
$117,923
Year Built
1978

Investment Highlights

  • Fee simple interest in the well-maintained, 39-unit Aventura on the Ocean
  • Subject property was recently underwent $600k in renovations, all units are equipped with a kitchinette, select units offer oceanfront views
  • Ideally located in the heart of Myrtle Beach, a prime tourist destination attracting 19 million visitors each year
  • High visibility, located off S Kings Highway | Section of highway closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 32,900 vehicles per day
  • Proximity to all Myrtle Beach's major attractions: The Boardwalk, The Market Common, SkyWheel, Myrtle Beach, Myrtle Beach Convention Center, and more

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the Aventura on the Ocean located in Myrtle Beach, South Carolina. The four-story property features 39-well-appointed guest rooms and is ideally located just steps from Myrtle Beach’s pristine shoreline. Guests can take advantage of the complimentary parking and outdoor swimming pool as well as select units featuring oceanfront views. Current owners recently invested over $600,000 towards renovations.

Exclusively Listed By

Financing By

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