1621 Cashua Dr Florence, SC 29501

Exceptional investment opportunity awaits with the City Inn, a 59-key hotel located at 1621 N Cashua Dr, Florence, SC 29501. This established property sits on a 3.21-acre lot and offers 64,306 square feet of space, including 28,295 square feet of building area. Built in 1974, the two-story City Inn is zoned CI and presents significant potential for growth and expansion. The asking price is $2,500,000, translating to $42,373 per key and $38.88 per square foot. Strong financial projections are supported by the surrounding demographics, boasting a 2023 average household income of $87,525 within a one-mile radius. This well-situated hotel offers a compelling return on investment in a thriving South Carolina market. The property's strategic location and established presence make it an attractive prospect for both seasoned investors and those seeking to enter the hospitality sector. Detailed financial summaries are available upon request. Don't miss this chance to acquire a profitable hospitality asset in a desirable location.