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Landmark Inn 1301 4th St 136 Room Hotel Hartsville, SC 29550 $2,950,000 ($21,691/Room)
Investment Highlights
- Property sits on approximately 10.80 acres of land presenting development opportunity
- Located directly off South 4th Street & South Marquis Highway, two main thoroughfares that travel through the city of Hartsville
- Located directly off South 4th Street & South Marquis Highway, providing ease of access and displaying excellent signage to commuters
- Independent hotel – unencumbered by the strict operating requirements and annual fees associated with franchising
- Property benefits from being centrally located and equidistant from a variety of large cities/markets that include Charlotte, Columbia, Charleston...
- The section of South 4th Street closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 14,000 vehicles per day
Executive Summary
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 136-room Landmark Inn, located in Hartsville, South Carolina. The property is a 2-story, limited-service hotel that is directly off of South 4th Street and conveniently located within close proximity US-15, providing ease of access to commuters along Hartsville’s main thoroughfare and expressway. Additionally, the property presents a variety of opportunities that range from developing, renovating/updating the asset, repositioning the asset, or flagging the asset under a reputable and nationally recognized brand. The Landmark Inn offers investors the opportunity to acquire a 136-room property in an established and growing market with exceptional upside opportunity.
Property Facts
| Price | $2,950,000 | No. Rooms | 136 |
| Price Per Room | $21,691 | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1973 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.5/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 5.00 AC | Opportunity Zone |
Yes
|
| Building Size | 34,729 SF | ||
| Zoning | B3 | ||
| Price | $2,950,000 |
| Price Per Room | $21,691 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.00 AC |
| Building Size | 34,729 SF |
| No. Rooms | 136 |
| No. Stories | 2 |
| Year Built | 1973 |
| Tenancy | Single |
| Parking Ratio | 1.5/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | B3 |
Amenities
- Business Center
- Outdoor Pool
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $165.00 | - |
| Guest Room | 133 | $55.00 | - |
1 1
Property Taxes
| Parcel Number | 057-00-03-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $59,420 |
Property Taxes
Parcel Number
057-00-03-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$59,420
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Landmark Inn | 1301 4th St
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