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Howard Johnson by Wyndham Florence 2038 W Lucas St 106 Room Hotel Florence, SC 29501 For Sale
Investment Highlights
- Fee Simple Interest in a 106-Room, Two-Story, Exterior-Corridor, Limited-Service Hotel Constructed in 1970
- Owner's Residence: Completely Renovated 2-Bed/1-Bath Home (~1,100 SF)
- Extensive Recent Renovations, Offering a Clear Pathway to Maximize Net Operating Income and Long-Term Exit Value
- Prime Interstate 95 (54,000 VPD) Location with Direct Visibility Out of State Owner Presents Opportunity for Owner-Operator to Increase Revenue
- Newly Executed 15-Year Wyndham Franchise Agreement
Executive Summary
Colliers, as exclusive representative of the seller, is pleased to present to qualified investors the Howard Johnson by Wyndham Florence, located at 2038 W Lucas St, Florence, South Carolina. The subject property is a 106-room, two-story, exterior-corridor, limited-service hotel constructed in 1970 and situated on approximately 3.73 acres with direct visibility and access to Interstate 95 (approximately 54,000 vehicles per day). The asset is offered fee simple, unencumbered by debt, and free of third-party management.
Property Facts
| Sale Type | Investment | No. Rooms | 106 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1970/2017 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Lot Size | 3.71 AC | Corridor | Exterior |
| Building Size | 85,856 SF | ||
| Zoning | C2 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.71 AC |
| Building Size | 85,856 SF |
| No. Rooms | 106 |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2017 |
| Parking Ratio | 1.51/1,000 SF |
| Corridor | Exterior |
| Zoning | C2 |
Amenities
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 106 | $79.00 | - |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 01211-01-074 | Improvements Assessment | $38,793 |
| Land Assessment | $29,900 | Total Assessment | $68,693 |
Property Taxes
Parcel Number
01211-01-074
Land Assessment
$29,900
Improvements Assessment
$38,793
Total Assessment
$68,693
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Photos
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