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942 N Fifth St

Hartsville, SC 29550
  • $499,000
  • STATUS: Active Under Contract
  • ON SITE: 78 Days
  • MLS #: 20234147
Under Contract
UPDATED: 36 min ago
$499,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1952
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Investors! Rare Opportunity for a Commercial Income-Generating Lakefront Property! Nestled on the corner of Lakeview Blvd and N. 5th St in charming Hartsville, SC, this motel is currently undergoing a rejuvenating facelift, poised to emerge as a strong income generator. The propertys prime location offers a picturesque view of the lake, providing a tranquil setting for guests. Under the renovation, this motel is being transformed into a modern and inviting retreat, ensuring a comfortable stay. The revamped interiors boast contemporary designs and amenities, ideal for both leisure and business travelers. The strategic corner location enhances visibility, making it an attractive choice and is easily accessible to Sonoco and Coker University. Two years ago, prior to any renovations, the property was generating just over $125,000 annually. Renovations include new RFID door locks, new windows throughout, new flooring, new paint, new case goods (dressers, beds, nightstands, lamps, flat-screen TVs), new countertops, sinks, fridge/freezer, microwaves, all new bathrooms. All that remains is exterior cosmetics! There are 9 1-BR units and 3 2-BR units. Keep as a motel or convert to multifamily. Now is the time to come swoop these up at this bargain basement price. Using a conservative average daily rate of $55 with a conservative 70% occupancy will produce $168,000 annually. All case goods convey in sale. Please give 24 hours to schedule an appointment to come see the rooms. This is the only B-2 zoned (commercial zoning) lot actively on the market on Prestwood Lake.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of The Realtor Association of the Greater Pee Dee. Data last updated: 2024-03-04T11:37:00.37.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed. Neither The Realtor Association of Greater Pee Dee, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by The Realtor Association of Greater Pee Dee for use by its members and is not intended for the use for any other purpose.
www.coldwellbankerflorence.com/homes/146099887
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942 N Fifth St Hartsville, SC 29550

  • Price: $499,000
  • Status: Active Under Contract
  • On Site: 78 Days
  • Updated: 36 min ago
  • MLS #: 20234147
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1952
Built
Neighborhood:
City
County:
Darlington
Area:
Hartsville
Elementary School:
N. Hartsville
Middle School:
Hartsville
High School:
Hartsville
Property Description
Investors! Rare Opportunity for a Commercial Income-Generating Lakefront Property! Nestled on the corner of Lakeview Blvd and N. 5th St in charming Hartsville, SC, this motel is currently undergoing a rejuvenating facelift, poised to emerge as a strong income generator. The propertys prime location offers a picturesque view of the lake, providing a tranquil setting for guests. Under the renovation, this motel is being transformed into a modern and inviting retreat, ensuring a comfortable stay. The revamped interiors boast contemporary designs and amenities, ideal for both leisure and business travelers. The strategic corner location enhances visibility, making it an attractive choice and is easily accessible to Sonoco and Coker University. Two years ago, prior to any renovations, the property was generating just over $125,000 annually. Renovations include new RFID door locks, new windows throughout, new flooring, new paint, new case goods (dressers, beds, nightstands, lamps, flat-screen TVs), new countertops, sinks, fridge/freezer, microwaves, all new bathrooms. All that remains is exterior cosmetics! There are 9 1-BR units and 3 2-BR units. Keep as a motel or convert to multifamily. Now is the time to come swoop these up at this bargain basement price. Using a conservative average daily rate of $55 with a conservative 70% occupancy will produce $168,000 annually. All case goods convey in sale. Please give 24 hours to schedule an appointment to come see the rooms. This is the only B-2 zoned (commercial zoning) lot actively on the market on Prestwood Lake.
Exterior Features

Construction Aluminum/Vinyl Sid.Brick Veneer/Siding Cooling System Window Unit Parking Off Street Parking Spaces 20 Roof Composite Shingle Stories 1

Interior Features

Heating System Base Electric Unit1 Sq Ft 242 Unit2 Sq Ft 242 Unit3 Sq Ft 242 Unit4 Sq Ft 242 Unit5 Sq Ft 242 Unit6 Sq Ft 242

Property Features

Amenities Furnished Annual Insurance Expense 5141 Annual Taxes Expense 7071 Buyer Agent% 2.5 Multifamily Type Other Water Public Water

Listing provided by Jonathan Lee of Choice Realty, Inc.: jonathanlee@choicerealtyusa.com. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. © 2024 The Realtor Association of the Greater Pee Dee.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of The Realtor Association of the Greater Pee Dee. Data last updated: 2024-03-04T11:37:00.37.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed. Neither The Realtor Association of Greater Pee Dee, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by The Realtor Association of Greater Pee Dee for use by its members and is not intended for the use for any other purpose.
 
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