$2,400,000
$2,699,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
222,156 SqFt
SOLD DATE : 12/22/2022
Key Details
Sold Price $2,400,000
Property Type Commercial
Sub Type Hospitality
Listing Status Sold
Purchase Type For Sale
Square Footage 222,156 sqft
Price per Sqft $10
MLS Listing ID 31000084
Sold Date 12/22/22
Year Built 1988
Lot Size 5.100 Acres
Acres 5.1
Property Sub-Type Hospitality
Property Description
The Days Inn by Wyndham St. George is conveniently located right off of I-95 and Route 78, optimal highways for reaching Charleston, Savannah, Augusta, and Columbia, in addition to South Carolina's state parks, such as Santee State Park. The site is a 45,452 square foot two story brick hotel that features 104 guest rooms sitting on 5.1 acres with value-add options. This property is located in an Opportunity Zone with additional cleared land in the rear of the hotel to develop. Hotel Performance- The Star Report continues to show positive performance. The property is 1 of 5 in RevPAR over last 12 months which is growing stronger than COMP set since coming out of the pandemic. The property is consistently 100+ in RevPAR Index.The property includes a large lobby with dining area, two (2) room kitchen, two (2) office rooms, storage rooms, in-house laundry and guest laundry room. The site has two (2) exterior metal stairways, two (2) interior stairways and covered walkways along the sides of the hotel on both floors and an outdoor pool. There are also twenty-five (25) income producing RV spaces located in the rear of the property all equipped with electric and water hook-ups.The sale price also includes an income producing billboard.Property Financials available upon request.
Location
State SC
County Dorchester
Zoning Dorchester - IC - Interstate Commercial
Exterior
Parking Features Surface
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Chase Limehouse • Palmetto Commercial Prop, LLC