1811 W Lucas St, Florence, SC

Hotel for Sale - $2,799,900


Agent Info

Silvestre Madrigal
CENTURY 21 Allstars

Property Info

CIMLS#1159349
Location
  1811 W Lucas St
  Florence SC 29501
UpdatedMay 17th, 2024
TypeHotel
Price$2,799,900

Property Description

Introducing Red Roof Inn Florence - a lucrative investment opportunity located at 1811 W Lucas St, Florence SC 29501 . This hospitality gem features a total of 59 rooms spread across a 24,375 SF space on 1.7 acres of prime land, dating back to 1987. The property boasts a two-story building with a total area of 13,039 SF per floor. Priced attractively at $2,799,900, with a price per key of $47,456 and a competitive price per square foot of $114.87, this investment is poised for success. Its strategic location offers access to a growing market, with 2023 demographics showing promising figures for population, median household income, and average household income within 1 to 5 miles. Don't miss out on this exclusive opportunity to acquire Red Roof Inn Florence - a chance to own a thriving hospitality asset in a high-potential area. Contact us today for more information and to take the next step towards securing this valuable property.


Financials