8929 Old Number Six Hwy - Hospitality FOR SALE
Santee, SC 29142 |
8929 Old Number Six Hwy
Santee, SC 29142
HIGHLIGHTS
- Fee Simple Interest in the 2-Property Portfolio of the Quality Inn & Suites and a Vacant Non-Franchised Motel (Total 146 Keys)
- Contiguous Parcels of 4.76 Acres + 1.95 Acres for a Total of an Expansive 6.81-Acre Site
- 106-Room, 2-Building, L-Shaped Quality Inn & Suites Closed Down in 2020 and can Re-Open with Minimal Renovations | Still in Choice Hotels System
- 40/43-Room, 1-Building, I-Shaped Independent Rear Building can Re-Open as Rodeway Inn, Howard Johnson, SureStay or Motel 6 upon Comprehensive Reno
- Expected to Trade at a Fraction of Replacement Cost | Low-Basis with Unparalleled Upside
- Historical Comp Set RevPAR Exceeds $49 with Pre-COVID Revenue of $1,300,000+ and 2023 Revenue Projections of $1,700,000+
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Quality Inn & Suites Santee
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
48000
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
B
YEAR BUILT
1968
PARKING SPACES
150
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
Commercial
APN/PARCEL ID
0324-13-05-006.000,0324-17-01-006.000
