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Glass Manor Motel 5810 N Main St 10 Room Hotel Columbia, SC 29203 $950,000 ($95,000/Room) 10% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Great location.

EXECUTIVE SUMMARY

Welcome to Glass Manor, an exceptional investment opportunity in the heart of Columbia, SC. This maintained motel presents a compelling prospect for savvy investors seeking a lucrative and sustainable hospitality venture. Calling all investors that's ready to turn a vision into reality with this property situated in a prime location with high visibility and easy access to major highways, attractions, business districts. This motel attracts a diverse range of guests, including tourists, business travelers, and passersby. The strategic location contributes significantly to the property's profitability. Located right beside Wash World, across from Dollar General, Mobile and Obama gas stations. The property offers ample room for expansion or the addition of complementary amenities. Explore the potential for increased revenue by adding more rooms, upgrading existing facilities, or introducing new services to meet the evolving needs of the market. Other business opportunities include apartments, hotel, storage, fitness center or wellness spa, Tech Hub or Innovation Center the possibility are endless! Come see for yourself! Mobile home and storage included in sale.

PROPERTY FACTS

Price $950,000
Price Per Room $95,000
Sale Type Investment
Cap Rate 10%
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 0.86 AC
Building Size 2,755 SF
No. Rooms 10
No. Stories 1
Year Built 1950
Tenancy Single
Parking Ratio 3.63/1,000 SF
Corridor Exterior
Opportunity Zone Yes
Zoning C-3A - Commercial

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 10 $50.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11710-14-16
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$129,700
  • Listing ID: 33871361

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 5810 N Main St, Columbia, SC 29203

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