The Ocean 7 live-work development debuts soon in Myrtle Beach

Sun News - Ocean 7, an eight-unit live-work building on Ocean Boulevard in Myrtle Beach, should be ready for its first occupants soon.  The three-story townhomes each have retail space at street level and living space on the top two floors.  Construction on the property, which is being built by Ocean 7 Developers and is on the corner of Ocean Boulevard and 7th Avenue North, should be done in the next couple of weeks, said Jason Merritt, of By the Beach Properties, who is the property manager and is also helping sell the units.  Four of the townhomes are already under contract, he said.  A pizza restaurant is likely to move into one of the retail spaces, Merritt’s business will move into another and two others have been purchased by Beach Discount Beverage, Merritt said.  The retail sections each have between 1,500 and 1,800 square feet of commercial space, while the living sections each have about 2,000 square feet of living space and between four and five bedrooms.  The townhouses are going for about $649,000 each.  All of the buyers are local investors and local owners and most plan to put the properties into a rental program, Merritt said.  Ellis said he’s gotten several calls about leasing the commercial space and a lot of questions about renting the townhomes.  There is such a large demand for the rentals, in part because of their size, that he already has a waiting list for once the building is down, he said.