Bought with Tradd Commercial
$2,111,121
$3,600,000
41.4%For more information regarding the value of a property, please contact us for a free consultation.
30,000 SqFt
SOLD DATE : 03/11/2021
Key Details
Sold Price $2,111,121
Property Type Commercial
Sub Type Hotel/ Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 30,000 sqft
Price per Sqft $70
MLS Listing ID 2001038
Sold Date 03/11/21
HOA Y/N No
Lot Size 10.000 Acres
Acres 10.0
Property Sub-Type Hotel/ Motel
Source CCAR
Property Description
Subject property is a 200 key full service Exterior Corridor hotel located at Exit 164 on Interstate 95, and Highway 52 in Florence SC Property is Situated on 10 acres of land. Hotel Renovations Since 2018: 76 Keys including Suites totaling 80 rooms have been fully renovated. · Full renovation of the entrance and Lobby. · New paint on the entire exterior of the building. · Complete renovation of the Kitchen with new equipment · New signage out front · Renovation of the pool and pool pumps · Established Food and Beverage License · Guest Laundry · Hotel Laundry · New stair cases to access the second floor · New entryway to the conference Center Repaired the roof and replaced the flashing around all units. Florence is a growing community, thriving with industry it is considered the industrial hub of the Pee Dee. The McLeod and Carolinas Hospital systems are based out of Florence with an outstanding Medical hub. Darlington Raceway, the Santee Lakes, and being the Center point for travelers commuting between Florida and New York Makes this property a Viable Cash Flow Investment.
Location
State SC
County Florence
Area 31A Other Counties In South Carolina
Zoning B3
Interior
Furnishings Unfurnished
Fireplace No
Exterior
Present Use Hotel/Motel
Building
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 00121-01-044
Financing Cash
Special Listing Condition None
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