843-608-9502
2833 E Palmetto St, Florence, SC for Sale
Hospitality - FOR SALE
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2833 E Palmetto St
Florence, SC 29506


HIGHLIGHTS

  • Significant value-add opportunity
  • 28-key hotel on 3.5 acres
  • Directly across from Florence Regional Airport Less than 10 minutes to I-95

OVERVIEW

3.5-acre commercial property currently operating as a 28-room hotel with an existing house and restaurant on site, strategically located directly across from Florence Regional Airport and less than 10 minutes from I-95. A key investment opportunity is the significant amount of the property that is currently not being utilized or generating income. The property is operating at only approximately 60% of its available capacity, with just 20 of the 28 hotel rooms currently being offered for rent. The remaining 8 rooms, the on-site restaurant, and the existing house are not currently generating any income. Beyond the immediate revenue opportunity, the property's 3.5 acres provide significant long-term optionality for an owner or developer.

FOR SALE DETAILS

PRICE

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# OF ROOMS

26

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Budget Inn on Palmetto

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

35

LAND DETAILS

LAND ACRES

3.47 AC

LAND SF

151,153 SF

ZONING

CMU

APN/PARCEL ID

90155-02-001

ASK ABOUT THIS PROPERTY

David SilverDunes Commercial PropertiesMore Info
843-608-9502

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David SilverDunes Commercial PropertiesMore Info
843-608-9502

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