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Budget Inn on Palmetto 2833 E Palmetto St 26 Room Hotel Florence, SC 29506 For Sale
Investment Highlights
- Significant value-add opportunity
- Directly across from Florence Regional Airport Less than 10 minutes to I-95
- 28-key hotel on 3.5 acres
Executive Summary
3.5-acre commercial property currently operating as a 28-room hotel with an existing house and restaurant on site, strategically located directly across from Florence Regional Airport and less than 10 minutes from I-95.
A key investment opportunity is the significant amount of the property that is currently not being utilized or generating income. The property is operating at only approximately 60% of its available capacity, with just 20 of the 28 hotel rooms currently being offered for rent. The remaining 8 rooms, the on-site restaurant, and the existing house are not currently generating any income.
Beyond the immediate revenue opportunity, the property's 3.5 acres provide significant long-term optionality for an owner or developer.
A key investment opportunity is the significant amount of the property that is currently not being utilized or generating income. The property is operating at only approximately 60% of its available capacity, with just 20 of the 28 hotel rooms currently being offered for rent. The remaining 8 rooms, the on-site restaurant, and the existing house are not currently generating any income.
Beyond the immediate revenue opportunity, the property's 3.5 acres provide significant long-term optionality for an owner or developer.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Restaurant
- Wheelchair Accessible
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 26 | $80.00 | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 90155-02-001 | Improvements Assessment | $12,260 |
| Land Assessment | $10,223 | Total Assessment | $22,483 |
Property Taxes
Parcel Number
90155-02-001
Land Assessment
$10,223
Improvements Assessment
$12,260
Total Assessment
$22,483
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