Lily & Bloom | 501 N Ocean Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Lily & Bloom 501 N Ocean Blvd
26 Room Hotel Myrtle Beach, SC 29577 $2,590,000 ($99,615/Room) 9.56% Cap Rate
Investment Highlights
- 2023 Gut Renovated
- Pool & Starbucks across the hotel
- Direct Beach Access
- Heavy Foot Traffic
Executive Summary
PRICED TO SELL! - Financials Attached
BH Capital is thrilled to exclusively present Lily&Bloom, a charming 26-key boutique hotel located in the vibrant heart of downtown Myrtle Beach. Recently reimagined in a comprehensive 2023 renovation, this property boasts updated exterior, interior, and structural features, ensuring a fresh and inviting atmosphere.
This hotel is fully stabilized, with a proven track record of income and robust financial performance. It is efficiently managed by a reputable third-party short-term management company, guaranteeing a seamless operation.
Positioned on the renowned Ocean Blvd, Lily&Bloom offers the best of both worlds—direct beach access and proximity to downtown attractions and major events. It stands as the most competitively priced hospitality asset on the beach, making it an unparalleled investment opportunity.
Don’t miss out on the chance to own a prime piece of Myrtle Beach’s thriving hospitality market. Contact us today to receive detailed financials and learn more about this exciting opportunity!
BH Capital is thrilled to exclusively present Lily&Bloom, a charming 26-key boutique hotel located in the vibrant heart of downtown Myrtle Beach. Recently reimagined in a comprehensive 2023 renovation, this property boasts updated exterior, interior, and structural features, ensuring a fresh and inviting atmosphere.
This hotel is fully stabilized, with a proven track record of income and robust financial performance. It is efficiently managed by a reputable third-party short-term management company, guaranteeing a seamless operation.
Positioned on the renowned Ocean Blvd, Lily&Bloom offers the best of both worlds—direct beach access and proximity to downtown attractions and major events. It stands as the most competitively priced hospitality asset on the beach, making it an unparalleled investment opportunity.
Don’t miss out on the chance to own a prime piece of Myrtle Beach’s thriving hospitality market. Contact us today to receive detailed financials and learn more about this exciting opportunity!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$388,923
|
$59.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$388,923
|
$59.83
|
| Taxes |
$26,333
|
$4.05
|
| Operating Expenses |
$114,881
|
$17.67
|
| Total Expenses |
$141,214
|
$21.73
|
| Net Operating Income |
$247,709
|
$38.11
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $388,923 |
| Annual Per SF | $59.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $388,923 |
| Annual Per SF | $59.83 |
| Taxes | |
|---|---|
| Annual | $26,333 |
| Annual Per SF | $4.05 |
| Operating Expenses | |
|---|---|
| Annual | $114,881 |
| Annual Per SF | $17.67 |
| Total Expenses | |
|---|---|
| Annual | $141,214 |
| Annual Per SF | $21.73 |
| Net Operating Income | |
|---|---|
| Annual | $247,709 |
| Annual Per SF | $38.11 |
Property Facts
Amenities
- Balcony
- Pool
- High Speed Internet Access
- Beach (direct access)
- Boutique/Lifestyle Hotel
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $78.00 | - |
| Guest Room | 24 | $58.00 | - |
1 of 1
Walk Score ®
Very Walkable (71)
zoning
| Zoning Code | RC (Commercial Hospitality / Airbnb) |
| RC (Commercial Hospitality / Airbnb) |
1 of 37
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
BH Capital Advisers
Lily & Bloom | 501 N Ocean Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.