123 Mall St, Santee, SC 29142

Commercial property for lease

• Description
• Rice Field Realty is pleased to offer for saleWhitten Inn located in Santee, South Carolina.This hotel sits on 4.5 acres.Including a large outdoor pool,lounge, restaurant ( leased @ $6,000/month) )In beautiful South Carolina and located at exit 98 on I-95.In addition to this value-added opportunity, the property is priced attractively compared to its replacement cost.The LOCATION is unmatched!This is a 2-story 117 EXTERIOR room lodging facility. There is a franchise agreement with Choice Hotels/ ClarionRenovations/PIP nearly midway completed.This sale & price is based on AS IS CONDITION with incomplete PIP renovations up to this point. (Approximately 300k remaining)This property PIP / Franchise flag is NOT YET COMPLETED.Property is currently operating as an independent hotel ( Whitten Inn) The property has steadily brought in an average GROSS profit of 800k for 2014, through current. These numbers WILL increase to well over a million once branded. Leased Restaurant & lounge is $6,000 monthly and brings a chunk off the monthly mortgage payment.Buyer is responsible for all due diligence, including but not limited to necessary Choice Hotels licensing franchise agreements. Seller financing available with 25% down LOCATION LOCATION!In beautiful South Carolina and located on the I-95. Santee, Sc. ( Frontage Rd. exit 98) This heavily traveled I-95 corridor is the link between New York and Miami. The hotel is facing I-95. and the busiest interchange within Santee, SC.This property is steady operating as the changeover is underway and offers reservation packages coordinated with the local golf courses and fishing resort community, in the heart of a HUGE Golf & Fishing Resort Community. Just an hour from Charleston, SC. This favorable location offers easy access and visibility to over 130,000 vehicles daily. Additionally, the Hotel is within an hour and convenient to many of the South Carolina demand generators including Charleston Airport, Boeing, Military Bases, Beaches, New Volvo Plant, Google, Colleges, Historical sites and more! Including but not limited to 4 major golf courses, dining, shopping, rest stops, Lake Marion, Santee wildlife refuge. Don't miss the opportunity for this location!Sold AS ISProof of funds or lender's approval letter must accompany all offers and LOI.Motivated seller will consider all reasonable offers.Seller financing available. This property will not last long! Sold AS IS. ** Buyer and or buyers hotel management team must apply and qualify for franchise agreement** This hotel is currently being operated independently. **The flag agreement is signed franchise fee paid and currently in renovation process with Choice Hotels ( Clarion) ** Building price details: $2,500,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	150

• Contact info
• Tiffany J Douglas

  Rice Field Realty
• Note

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