Baldwin Oak Realty
Listed by Baldwin Oak Realty
$4,750,000
208 - 209 1st and 2nd Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,643
Units 24
Price per SqFt $210
Year Built 2002, 2025
Acreage 0.330
Multifamily | 24 Units
Marketing description
Two Building Coastal Income Property | 24 Units | 15,200 SF | $***K+ Proven Revenue | Expansion Stabilizing
*Full Offering Memorandum with financials available upon request* This offering presents a rare opportunity to acquire a single parcel investment property with two income producing buildings in North Myrtle Beach, SC. The property consists of approximately 15,200 square feet across two buildings, zoned Resort Commercial, and located within walking distance to the ocean. The Ocean Surf Club (built 2002) has demonstrated strong operating history with gross revenues of approximately $***,000 in 2024 and $***,000 in 2025, averaging roughly $***,000 annually. The property features a new roof and boiler and has been operated through Myrtle Beach Tours with additional exposure via VRBO.
The recently acquired and renovated adjacent building (Little Crane) expands the total rentable footprint and provides immediate revenue growth potential as it stabilizes under unified operations.
Investment highlights
- Proven Operating Performance
- Coastal Walkable Location
- Multi-building coastal investment property
- Renovated Expansion
- Resort Commercial Zoning
- Recent Capital Improvements
- 15,200 SF across two coastal parcels
- Proven $***K+ historical gross revenue (208 building)
- Renovated expansion building increasing income potential
- Resort Commercial zoning
- Parking and elevated deck amenities
- Strong seasonal tourism demand
- Optional leaseback structure available
- This asset offers investors a compelling blend of in-place yield and growth upside in one of the Southeast’s most active coastal rental markets.
- Full Offering Memorandum available upon request.
Listing Contacts
Baldwin Oak Realty
Listed by Baldwin Oak Realty
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