1443 Hwy 17 N - Hospitality FOR SALE


Little River, SC 29566
$1,500,000 USD
843-241-2654
1443 Hwy 17 N, Little River, SC for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

1443 Hwy 17 N
Little River, SC 29566


OVERVIEW

This property consists of approximately 1.65 acres on Hwy 17. It includes the Lake Shore motel, which has been closed for a couple of years, and an existing single-family home currently occupied by the owners. The property is being sold as-is. The zoning is HC (Highway Commercial). While this district is no longer used in Horry County, this property is grandfathered in, allowing for many uses and making it an excellent opportunity for redevelopment. Key details include: - Parcels: Consists of two parcels with approximately 180 feet of frontage along Hwy 17. - Stormwater: Adjacent to a large pond that could potentially be used for stormwater management. - Income: Includes an existing ground lease for a billboard that generates annual income. - Expansion Potential: An additional, connected 3.30 acres is also for sale. Combining both properties would create an estimated 5-acre site with Hwy 17 frontage. This is a great investment for redeveloping either the land or the existing structures. The scarcity of available land in this area makes this property highly desirable. Please call for more details.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$116 USD /SF

# OF ROOMS

20

PRICE/ROOM

$75,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakeshore Motel-Available for Redevelopment

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1963

PARKING SPACES

32

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

HC

APN/PARCEL ID

31205020059,31205020060

ASK ABOUT THIS PROPERTY

Chip AbernethyNAI The Litchfield CompanyMore Info
843-241-2654

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Chip AbernethyNAI The Litchfield CompanyMore Info
843-241-2654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.