1834 Lucas StFlorence, SC 29501

  • Hospitality properties
  • 35,136 SF
For Sale
$500,000 View listing

Property Details for 1834 Lucas St

Year built
1988
Lot size
4.48 AC
Property size (Sq ft)
35,136 SF
Property type
Hospitality properties
Property subtype
Motels
APN
01211-01-070
APU
121101070

Description

This exceptional investment opportunity presents a 109-key motel in Florence, South Carolina, currently undergoing a foreclosure auction. Located at 1834 W. Lucas St, Florence, SC 29501, this single-story property sits on a 4.45-acre lot and boasts 35,136 square feet of space. Built in 1988, the motel is zoned B-3 (General Commercial), offering significant potential for redevelopment or continued operation. The property is being sold via a deficiency sale hearing on December 5th at 11:00 AM in courtroom 3C of the Florence County Judicial Center. In-person bidding is required. The plaintiff's initial bid was $500,000, and they are ineligible to bid further. The sale is a fee simple ownership transfer, subject to assessments, Florence County taxes, existing easements, and other senior encumbrances. The legal description of the 4.4546-acre parcel is detailed in the official court documents associated with Civil Action No. 2024-CP-2101652, The MINT National Bank v. WLS Hotels, LLC; Jagdish A. Patel; Dharmendrakumar M. Patel. A 5% deposit is required from the winning bidder (excluding the plaintiff) at the conclusion of the auction. The successful bidder will also be responsible for documentary stamps on the Master's Deed and interest on the bid amount at 8.5% per annum from the sale date until compliance. The sale is subject to a 30-day compliance period, and the plaintiff retains the right to waive any rights, including the right to a deficiency judgment, before the sale. This is a distressed sale offering a unique opportunity for investors seeking a high-return property in a desirable location. Further details are available through the Florence County Judicial Center.

1834 Lucas St, Florence, South Carolina

Location Insight

City
Florence
County
Florence
State
South Carolina
Latitude
34.2267
Longitude
-79.799
CBSA code
22500
CBSA name
FLORENCE, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$48,670
$34,000
$61,396
$95,396
-
$850,000
$1,534,893
$2,384,893

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