757-589-6954
2038 W Lucas St, Florence, SC for Sale
Hospitality - FOR SALE
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2038 W Lucas St
Florence, SC 29501


HIGHLIGHTS

  • Fee Simple Interest in a 106-Room, Two-Story, Exterior-Corridor, Limited-Service Hotel Constructed in 1970
  • Prime Interstate 95 (54,000 VPD) Location with Direct Visibility Out of State Owner Presents Opportunity for Owner-Operator to Increase Revenue
  • Owner's Residence: Completely Renovated 2-Bed/1-Bath Home (~1,100 SF)
  • Newly Executed 15-Year Wyndham Franchise Agreement
  • Extensive Recent Renovations, Offering a Clear Pathway to Maximize Net Operating Income and Long-Term Exit Value

OVERVIEW

Colliers, as exclusive representative of the seller, is pleased to present to qualified investors the Howard Johnson by Wyndham Florence, located at 2038 W Lucas St, Florence, South Carolina. The subject property is a 106-room, two-story, exterior-corridor, limited-service hotel constructed in 1970 and situated on approximately 3.73 acres with direct visibility and access to Interstate 95 (approximately 54,000 vehicles per day). The asset is offered fee simple, unencumbered by debt, and free of third-party management.

FOR SALE DETAILS

PRICE

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# OF ROOMS

106

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Howard Johnson by Wyndham Florence

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

130

LAND DETAILS

LAND ACRES

3.71 AC

LAND SF

161,619 SF

ZONING

C2

APN/PARCEL ID

01211-01-074

ASK ABOUT THIS PROPERTY

Prashant MerchantColliers | VirginiaMore Info
757-589-6954

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Prashant MerchantColliers | VirginiaMore Info
757-589-6954

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