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Atlantic Palms Oceanfront Resort-Hotel For Sale-My

Myrtle Beach, SC, SC  

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Offered FOR SALE is the 3 Palms Oceanfront Resort. The 3 Palms, consists of 129 Rental Units and, is located in the Yaupon Circle Section of Myrtle Beach situated on the Oceanfront between 7th & 8th Avenues South. Each Rental Unit has its own Tax Map Parcel in preparation for a Conversion to a Condominium Regime. The property is in close proximity to Family Kingdom Amusement Park, Restaurants, Fishing Piers, Market Commons, Retail Shopping, and Entertainment Venues. The Hotel is comprised of one 8 story building with both interior and exterior corridor floors. There is a combination of on-site and off-site parking.

NEIGHBORHOOD: Considered one of the nation's top vacation destinations Myrtle Beach hosts nearly 16 million visitors each year and offers an increasing number of attractions, live-music theaters, shopping centers, and more than 120 golf courses.

REAL ESTATE: This assemblage is comprised of One (1) Oceanfront Lot with a Total Land Mass of approximately 25,350 SF and, Five (05) Second and Third Row Lots with a total land mass of approximately 57,735 SF.

FUTURE CONVERSION: This Property has been Legally Subdivided to accommodate a Conversion to Condominiums or Timeshare in the future. Each Individual Rental Unit has been assigned an individual TMS and PIN number.

8 Story Building- Approximately 94,500 Square Feet
129 Guest Rooms in Current Configuration
Corridors: (6) Interior - (2) Exterior
Offices: (2) On main floor
Lobby/Check In: Main Lobby with Concierge Service
Outdoor Pool
Heated Outdoor Pool
Lazy River
Exercise Room
2 Bars
Poolside Cabana
Commercial Laundry Facility
Guest Laundry
136 Parking Spaces
16 Garage parking Spaces
Parking Lots-5 Second and Third Row Lots
2 Elevators
HVAC / Guest Rooms:
HVAC / Common-Collectively 34 Tons of Split Systems
Safety / Security-Fire Electronically Monitored
Sprinkler System
Backup Generator

Property Details
  • 129 Guest Rooms
  • 129 Guest Room Baths
  • Has Owner's Quarters
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