Hotel-Motel
Suburban Studios Florence
1914 W Lucas St, Florence, SC 29501
Listing Price: $4,725,000
Cap Rate
9.31%
Number of Rooms
119
RevPAR
$33
Price/Room
$39,706
RRM
3.73
Year Built
1982
Investment Overview
Marcus & Millichap is pleased to offer a fee simple interest in the 119-unit Suburban Studios located in Florence, South Carolina.
Suburban Studios Florence
Investment Highlights
- Fee simple interest in the 119-unit Suburban Studios in Florence, South Carolina
- Strong hospitality market ideally positioned at the midway point between Miami & New York City serving as a key stopover city
- Florence is currently undergoing major commercial developments presenting it as a prime investment opportunity
- Just three miles to downtown Florence, known for its historic preservation, restaurants, retail and the annual SC Pecan & Music Festival attracting over 50,000 attendees each year
Listing Price: $4,725,000
Cap Rate
9.31%
Number of Rooms
119
RevPAR
$33
Price/Room
$39,706
RRM
3.73
Year Built
1982
Investment Highlights
- Fee simple interest in the 119-unit Suburban Studios in Florence, South Carolina
- Strong hospitality market ideally positioned at the midway point between Miami & New York City serving as a key stopover city
- Florence is currently undergoing major commercial developments presenting it as a prime investment opportunity
- Just three miles to downtown Florence, known for its historic preservation, restaurants, retail and the annual SC Pecan & Music Festival attracting over 50,000 attendees each year
Investment Overview
Marcus & Millichap is pleased to offer a fee simple interest in the 119-unit Suburban Studios located in Florence, South Carolina.
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