Saint George, SC 29477,139 Motel DR
Saint George, SC 29477,139 Motel DR
Saint George, SC 29477,139 Motel DR
Saint George, SC 29477,139 Motel DR
Saint George, SC 29477,139 Motel DR
Saint George, SC 29477,139 Motel DR
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$2,400,000

$2,699,000

11.1%
Est.Price: ?

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Est. payment /mo

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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Listed by Jenna Philipp • Palmetto Commercial Prop, LLC
Bought with Chase Limehouse • Palmetto Commercial Prop, LLC

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