Building Details

Floors in Building 1

Roof type Shingle

Listing Agency: Keller Williams Preferred · Keller Williams Realty k***@kw.com Show Phone

Listed By: Marvin Coakley · License #109100 Show Phone

Added: Sep 11 Changed: Oct 2 Last Checked: Oct 8 at 3:06AM

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MLS# 642897

Copyright © 2026 Consolidated MLS, SC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This motel property includes 5,103 square feet of existing lodging improvements on a 2.17-acre parcel. The asset is identified for motel use and carries B2 zoning, with wall-unit cooling and a shingle roof. Its established physical configuration provides a defined hospitality property rather than a vacant development site.

The property is located at 7448 HWY 34 E in Ridgeway, South Carolina, along State Highway 34 and within the I-77 corridor. The address is in Fairfield County and carries the 29130 postal code. The combination of an existing motel improvement, highway frontage context, and proximity to I-77 establishes the property's transportation-oriented setting.

Key Highlights

• 5,103‑square‑foot motel property
• 2.17‑acre parcel
• Located along State Highway 34 in the I‑77 corridor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,156

Cap Rate

3.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$563,120 $563.1K

Cap Rate 7%

$402,229 $402.2K

Cap Rate 9%

$312,844 $312.8K

Market Conditions

NOI Build-Up for 5,103 SF

Gross rent

$67.4K $13.20/SF

− Vacancy

−$8.1K −$1.58/SF

EGI

$59.3K $11.62/SF

− OpEx

−$31.1K −$6.10/SF

NOI

$28.2K $5.52/SF

Area

Fairfield County, SC

Vacancy

12.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$563,120

Cap Rate 7%

$402,229

Cap Rate 9%

$312,844

Alternative Uses

Best Use

Hotel Hospitality

$402.2K

$352.0K – $469.3K (±1% cap)

NOI $28,156 @ 7.0% cap · market cap 3.13%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $87,959 @ 7.0% cap · market cap 9.77%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Motels

Suggested Use

Top Pick Barber Shop Auto Repair Shop Hotel & Motel Nursing Home Bar & Pub Car Rental Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 29130, SC

6,387

Population

3,571

Households

1.8

Avg Household Size

53

Median Age

20%

College-Educated

87%

High-School Grad

150.9 sq mi

ZIP Area

42

Density / Sq Mi

$72,614

Median Household Income

$42,361

Median Earnings

$890

Median Rent

$246,200

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this motels located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Ridgeway Inn — 7448 SC-34 E, Ridgeway, SC 29130

Frequently Asked Questions

What type of property is this?

Motel - Existing lodging property with B2 zoning, wall-unit cooling, and shingle roofing.

Where is this motel located?

The property is located at 7448 HWY 34 E Ridgeway, SC.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: 5,103‑square‑foot motel property; 2.17‑acre parcel; Located along State Highway 34 in the I‑77 corridor