962 Riverview Rd - Hospitality FOR SALE


Rock Hill, SC 29730
$4,375,000 USD
334-313-6014
962 Riverview Rd, Rock Hill, SC for Sale
$4,375,000 USD
Hospitality - FOR SALE
1/38
null | 11.77% Cap Rate

962 Riverview Rd
Rock Hill, SC 29730


HIGHLIGHTS

  • Converted from a Motel 6 in 2022/2023, this Baymont by Wyndham underwent over $550,000 in brand-compliant upgrades allowing for minimal capex at COO
  • The hotel is forecasted to generate +$1.25M in 2025 revenue and currently outperforms its comp set with RevPAR indexing 120.
  • Property is available well below replacement cost offering investors a stabilized asset with strong in place cash flow at an attractive entry price.
  • Located off I-77 in Rock Hill, SC, the property benefits from 106,846 VPD and direct access to Charlotte MSA, one of the fastest-growing metros in US.
  • The area is seeing over $800M in active development including retail, education, and industrial projects.
  • With a historically low 60% expense load and manageable key count, it supports strong operational efficiency and profitability.

OVERVIEW

Connolly Investments, in accordance with ParaSell Inc, as the exclusive representative of ownership, is pleased to present to qualified purchasers the Baymont by Wyndham, a 60-key hotel located in Rock Hill, South Carolina - a thriving submarket within the high-growth Charlotte MSA, one of the fastest-expanding metropolitan regions in the Southeast. Ideally positioned with excellent visibility and access to I-77, the property benefits from proximity to a diverse mix of corporate, retail, educational, and leisure demand drivers. This includes Winthrop University, Piedmont Medical Center, the fast-developing University Center district, numerous distribution and supply chain centers and Charlotte MSA as a whole. The hotel recently underwent a comprehensive brand conversion from Motel 6, completing all required renovations to meet Baymont standards, resulting in a refreshed, turn-key product for incoming ownership. Minimal Cap-X is expected at change of ownership. Based on YTD performance, the asset is expected to generate $1.25 million in annual revenue this year. Rock Hill is experiencing over $800M in recent and ongoing development, including $200M+ in mixed-use projects at University Center, $443M in industrial investments, and the $150M CrossRidge retail development, all of which will further drive regional traffic and hotel demand. With no immediate threats of new supply in the submarket and steady population growth, this offering presents an exceptional opportunity for both owner-operators and investors seeking a stabilized asset in a highly sought after corridor. All property tours must be scheduled through the listing agents. Unscheduled visits are strictly prohibited.

FOR SALE DETAILS

PRICE

$4,375,000 USD

PRICE/SF

$185 USD /SF

# OF ROOMS

60

PRICE/ROOM

$72,917 {currency}

CAP RATE

11.77%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont by Wyndham Rock Hill

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,257 SF

ZONING

GC

APN/PARCEL ID

6620701104

ASK ABOUT THIS PROPERTY

Katherine ConnollyConnolly InvestmentsMore Info
334-313-6014

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Katherine ConnollyConnolly InvestmentsMore Info
334-313-6014

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