1811 W Lucas St - Hospitality FOR SALE


Florence, SC 29501
$3,900,000 USD
480-766-6014
1811 W Lucas St, Florence, SC for Sale
$3,900,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

1811 W Lucas St
Florence, SC 29501


HIGHLIGHTS

  • 118 total units: 59 units in each building
  • Two-story, exterior corridor
  • Priced favorably at $33k/key
  • Absentee owned with operational upside
  • Franchise opportunity for City Inn building
  • Located off I-95 with 50,000 travelers per day and is a convenient stop for travelers heading to Myrtle Beach

OVERVIEW

Kishan Gohel of NewGen Advisory is pleased to present the Red Roof Inn and City Inn located in Florence, South Carolina. These hotels are adjacent to each other making it ideal for a dual brand Red Roof Inn and HomeTowne Studios. Each building has 59 rooms making it a total of 118. There’s an opportunity for a hands on operator to increase revenue and cut expenses as current ownership lives out of state. The Red Roof Inn and City Inn are situated off Interstate 95 and State Route 52. The Florence area has multiple demand generators such as Darlington Raceway and Francis Marion University along with large manufacturing companies such as GE HealthCare and Honda.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$150 USD /SF

# OF ROOMS

59

PRICE/ROOM

$66,102 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn Florence, SC

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

CI

APN/PARCEL ID

00121-01-117

ASK ABOUT THIS PROPERTY

Kishan GohelNewGen AdvisoryMore Info
480-766-6014

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Kishan GohelNewGen AdvisoryMore Info
480-766-6014

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