7480 Northwoods Blvd - Hospitality FOR SALE


Charleston, SC 29406
$8,600,000 USD
813-767-9953
7480 Northwoods Blvd, Charleston, SC for Sale
$8,600,000 USD
Hospitality - FOR SALE
1/13
null | 10.24% Cap Rate

7480 Northwoods Blvd
Charleston, SC 29406


HIGHLIGHTS

  • 109-Rooms | 2 Stories | Exterior Corridor
  • Located near Major highways and Airport • High Barrier to Entry Market
  • 4 Miles to Charleston International Airport • 5.4 Miles to Riverfront Park
  • YE 2024 Room Revenue of $2,089,673 • T12-May Room Revenue of $2,099,454
  • Increased Room Revenue Year over Year
  • SBA/Conventional Financing Available

OVERVIEW

OFFERING OVERVIEW: The Red Roof Inn North Charleston Coliseum, a 109-room exterior corridor hotel located in North Charleston, South Carolina, is being offered for sale. The property offers excellent visibility and access directly off Interstate 26 and is strategically positioned just 10 miles from historic Downtown Charleston, 3 miles from Charleston International Airport, and 2 miles from the North Charleston Coliseum & Performing Arts Center. The hotel is well-located to benefit from both corporate and leisure demand drivers in the Charleston MSA. Red Roof branded hotels appeal to a broad traveler base, with efficient operating models and strong brand recognition—making this asset well-positioned for continued growth and long-term value creation. PROPERTY OVERVIEW: The subject property remains in good condition, supported by strong operations and an ongoing capital improvement plan. A change-of-ownership Property Improvement Plan (PIP) is estimated to cost approximately $500,000+/-, though this figure is only a preliminary estimate. *The actual PIP requirements must be verified directly with Red Roof Inn, as they are determined solely at the franchisor’s discretion and may vary in both scope and cost. This includes, without limitation, any franchisor requirements related to a change of ownership. The Recipient is solely responsible for independently verifying all such matters. MARKET OVERVIEW: The Red Roof Inn North Charleston Coliseum is located in the Charleston-North Charleston Metropolitan Statistical Area (MSA), one of the fastest-growing regions in the Southeastern United States. North Charleston serves as a key commercial and transportation hub within the region and is centrally positioned within Charleston County. The city is home to Charleston International Airport—the busiest airport in South Carolina—and is just minutes from the North Charleston Coliseum & Performing Arts Center, as well as major shopping, industrial, and business corridors. The greater Charleston MSA encompasses Charleston, Berkeley, and Dorchester counties, and features a dynamic blend of historical tourism, military presence, advanced manufacturing, and logistics. The Port of Charleston, one of the busiest and most efficient ports on the East Coast, is a major economic driver and is undergoing significant expansion. The region is also home to Joint Base Charles ton, which supports over 60 Department of Defense and federal agencies, and Boeing’s 787 Dreamliner assembly plant, which anchors a growing aerospace sector. Other major employers in the area include Mercedes-Benz Vans, Volvo Cars, Bosch, Roper St. Francis Healthcare, and the Medical University of South Carolina (MUSC). Charleston is also recognized for its robust visitor economy, draw ing millions of tourists annually to its historic downtown, beaches, and culinary scene. With strong economic fundamentals, increasing population growth, and a business-friendly climate, the Charleston MSA remains a highly desirable market for real estate investment and long-term hotel ownership. Property Highlights: • Red Roof Inn North Charleston Coliseum • 109-Rooms | 2 Stories | Exterior Corridor • Year Built - 1988 • Located near Major highways and Airport • Upward Trend in Revenue • Strong Cash Flow • High Barrier to Entry Market Location Highlights: • 3.4 Miles to North Charleston Coliseum & Performing Arts Center • 4 Miles to Charleston International Airport • 5.4 Miles to Riverfront Park • 6.6 Miles to H.L Hunley Submarine Museum • 13 Miles to Drayton Hall • 13.5 Miles to Historic Downtown Charleston (King Street, French Quarter) • 15.7 Miles to Charleston City Market • 16.5 Miles to Battery Park and Waterfront • 21.7 Miles to Fort Sumter National Monument • 23.9 Miles to Folly Beach • 27.7 Miles to Morris Island Lighthouse Financial Highlights: • List Price of $8,600,000 • YE 2024 Room Revenue of $2,089,673 • YE 2024 Net Operating Income of $880,644 • YE 2024 Cap Rate of 10.24% • T12-May Room Revenue of $2,099,454 • T12-May RevPar of $52.77 • Increased Room Revenue Year over Year • SBA/Conventional Financing Available

FOR SALE DETAILS

PRICE

$8,600,000 USD

PRICE/SF

$249 USD /SF

# OF ROOMS

109

PRICE/ROOM

$78,899 {currency}

CAP RATE

10.24%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn North Charleston Coliseum

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

112

LAND DETAILS

LAND ACRES

2.48 AC

LAND SF

108,029 SF

ZONING

B-2

APN/PARCEL ID

484-11-00-037

ASK ABOUT THIS PROPERTY

Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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