Super 8

Price: $2,195,000

Location: SC

Units: 41

NEW LISTING

Property Overview:

This 41-unit Super 8 is ideally situated on a corner lot, just steps from the Atlantic Ocean, and within close proximity an array of area demand generators.

The facility is a two-story “U” shaped structure consisting of 41 exterior corridor guest rooms, lobby & front desk area, outdoor swimming pool, spacious manager’s apartment, and an additional “off-site” asphalt parking lot with fencing, all of which is situated on +/- 0.76 acres of land with excellent visibility on Ocean Boulevard.

Physical Features: 

  1. Exterior Corridor
  2. Two-Story
  3. Spacious Manager’s Apartment
  4.  Solid Construction
  5. 0.76 acres of land (fee simple)

Investment Considerations:

  1. Ideally situated on a corner lot, just steps from the Atlantic Ocean, and within close proximity to an array of regional, leisure and commercial demand generators
  2. Consistent growth in room sales over the past (3) years
  3. Priced below replacement cost at $53,537 per unit
  4. Excellent physical plant with recent renovations, to include a new roof system install in November of 2017
  5. Located in a major resort destination that welcomes approximately 19 million visitors annually
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