821 Harborside Ln, Columbia, SC 29229

Property Details for 821 Harborside Ln

Year built

10

Property type

Hospitality properties

Property subtype

Motels

Description

This exceptional hospitality investment opportunity presents a charming 5-key motel nestled in the heart of Lake Carolina, Columbia, South Carolina. The property boasts a main house and three uniquely designed farmhouse cottages, each featuring covered porches, fully equipped kitchens, living rooms, bedrooms, bathrooms, and laundry facilities. The cottages range from 700 to 1000 square feet, all with 12-foot ceilings creating an open and spacious feel. The main house offers approximately 900 square feet of living space downstairs, including a gourmet kitchen with high-end appliances (Thermador gas range, 70" Thermador Sub-Zero refrigerator, and more), a dining area, and a living room with a wood-burning fireplace. Upstairs, you'll find master suites. The property also includes a large covered front porch, a screened-in back porch with another fireplace, a two-car garage with a workshop, and a greenhouse. The entire property features beautiful custom 6-inch wide plank dark hardwood floors. The motel sits on a property with shared courtyard space and separate parking for each cottage. The location offers convenient access to Lake Carolina's amenities, including a lake, pool, tennis/pickleball courts, walking trails, and dog parks. Nearby, a town center provides various restaurants and shops. Built in 2010 and renovated in 2012, this 4,500-square-foot property has a strong income history, generating a Net Operating Income (NOI) of $108,000 and a 5.68% cap rate. The asking price is $1,900,000. This turnkey operation presents a compelling investment opportunity for owner-users seeking a profitable and charming hospitality business in a desirable location.

Location Insight

City

Columbia

County

Richland

State

South Carolina

Longitude

-80.889

Latitude

34.1778