Current Use by Public Records
- Hospitality properties
Property Details for 123 Mall St
- Year built
- 1975
- Lot size
- 4.00 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
The Santee Inn, a 105-key hotel located at 123 Mall St, Santee, SC 29142, presents a compelling investment opportunity. This established hospitality property boasts 52,000 square feet on a 4-acre lot, strategically situated directly on I-95. Built in 1975 and extensively renovated in 2017, the two-story building currently enjoys 100% occupancy (as of December 30, 2022). The asking price is $5,000,000, translating to $96.15 per square foot. The Inn's revenue streams are diversified, including hotel rooms, a restaurant, and a bar, contributing to its strong financial performance. Projections indicate a substantial gross income, justifying a higher purchase price, yet the seller is motivated to sell at the listed price. The property is zoned for commercial use and the owner is willing to assist with financing. This represents a rare opportunity to acquire a highly profitable hotel in a prime location with significant upside potential. The property's strong performance and diverse revenue streams make it an attractive investment for owner-users seeking a turnkey operation. Further financial details are available upon request.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santee
- County
- Orangeburg
- State
- South Carolina
- Longitude
- -80.4695
- Latitude
- 33.4832
