Property History
Subject property is a three(3) building motel complex on a 1.96 acre parcel in Surfside Beach, South Carolina. This property is comprised of 88 units, both long and short term rental, at the front of Ocean Lakes Campground. The parcel offers 427’ frontage with two(2) pilon signage opportunties. This property is equipped with a pool. The Surfside Beach oceanfront is located within a 3 minute drive, and nearby amenities and restaurants include Meyer’s Ice Cream Parlor, Omega Pancake House, Subway, Pirate’s Table Calabash Seafood Buffet, Spencerz Sports Bar, Wal-Mart Neighborhood Market, McDonald’s, and Popeye’s Chicken. This property is located in front of Ocean Lakes Campground, a 310 acre oceanfront resort development. Ocean Lakes features 859 campsites and 2,572 annual lease sites on nearly 1 mile of oceanfront. It is the largest campground on the East Coast, and employs 700+ people at the peak of the season. This resort is located at the intersection of Highway 544 and Highway 17 Business. Surfside Beach is the lone incorporated municipality of the Myrtle Beach’s South Strand submarket. Opportunities to build additional competing product will be limited, as land is scarce along Highway 17 and oceanfront development is dominated by short term rental beach house developments..
Value-add opportunity with investment upside
Rare lodging purchase opportunity in Surfside Beach
Highway 17 Business location offers potential for long-term retail development
Located blocks from Atlantic Oceanfront
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