101 Flagg St. , Myrtle Beach, SC 29577
Myrtle Beach, SC 29577
Description
The Calypso Motel presents an incredible investment opportunity, featuring three distinct buildings with a total of 35 units. Building 1 comprises 15 units over two stories, Building 2 offers 12 units across three stories, and Building 3 includes 8 units. Most units come equipped with full kitchens, adding to the convenience and appeal for guests. In addition to the spacious basement, office, and two commercial laundry facilities, there is a large storage area located behind Building 2, perfect for additional supplies or maintenance needs. All parking is conveniently located on-site. Recent upgrades, including a fresh exterior paint job, resurfaced parking lot, and modern signage, have further enhanced the property's curb appeal. The motel is just steps away from the ocean and offers a large inground pool. It is also located within walking distance of the Myrtle Beach Boardwalk, The Wicked Tuna Restaurant, and the 2nd Avenue Fishing Pier, making it a sought-after destination for tourists. This is a fully income-producing property, making it a prime opportunity for investors looking to capitalize on the thriving tourism industry.
Details
| Mls | 2423769 |
|---|---|
| Listing Type | For Sale |
| Style | Hospitality |
| Subtype | Resale |
| Status | Active |
| Days On Site | 61 |
| Listing Provided By | RE/MAX Southern Shores | Tatiana Sheffer |
Features
| Sq Feet | 14,416 |
|---|---|
| Storys | 3 |
| Units | 36 |
| Buildings | 3 |
| Zoning | Commercial |
| Acreage | 0.47 |
Market Activity 29577
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Learn More About This Property
| State | SC |
|---|---|
| County | Horry |
| City | Myrtle Beach |
| Zip Code | 29577 |
| Area | 16G Myrtle Beach Area Southern Limit to 10TH Ave N |
| Listing VS Median (in 29577) | |
Price: $3,900,000 low | high Med: $237,628 SqFt: 14,416 low | high Med: 595 $ / SqFt: $271 low | high Med: $401 On Site: 61 low | high Med: 183 | |