Remarks

The property at 1301 Withers Drive, Myrtle Beach, SC 29577, is an 11-story hotel featuring 60 suites, each equipped with a kitchen and offering ocean views. Amenities include a spacious lobby with a large reception area, multiple lounges, a conference area, a market, an in-ground pool, a hot tub, a commercial laundry facility, guest laundry, and multiple storage areas. The sale also includes an additional parcel used as a parking lot located behind the building. Myrtle Beach, known as the Grand Strand, stretches along 60 miles of South Carolina coastline and welcomes over 17 million visitors annually. The area boasts more than 2,000 full-service restaurants, offering a diverse culinary scene. The hotel is situated just half a block from the beach and steps from the iconic Sky Wheel, providing guests with easy access to popular attractions. The Myrtle Beach area features seven live entertainment theaters with approximately 7,500 seats, over 30 miniature golf courses, and more than 300 outlet stores, offering a variety of activities for visitors. The Myrtle Beach hospitality industry is robust, with more than 157,000 accommodation units across 425 hotels, as well as numerous resorts, condos, and villas. This extensive lodging infrastructure supports the area's thriving tourism sector. The Myrtle Beach hospitality industry has demonstrated significant growth in recent years. In 2023, the area attracted 17.6 million visitors who spent billions, marking a 4.7% increase from the previous year. The Myrtle Beach area offers 60 miles of beachfront, more than 80 golf courses, and 157,000 accommodation units, contributing to its appeal as a premier tourist destination. The Myrtle Beach International Airport (MYR) serves as a key gateway for visitors, with annual passenger traffic reaching over 3.3 million in recent years. The property at 1301 Withers Drive is strategically located to capitalize on the area's robust tourism sector, offering guests convenient access to the beach, dining, and entertainment options. In recent years, high-end and midscale hotels have performed better than economy hotels along the Grand Strand, reflecting a trend toward more upscale accommodations. The property's prime location offers guests proximity to a wide array of dining options, entertainment venues, and attractions, enhancing its appeal to visitors seeking a comprehensive Myrtle Beach experience.

Details

MLS#: 2423493
Price: $5,900,000

Style: Hospitality
Sq Ft: 34113

County: Horry