414 Irby St Florence, SC 29501
- Retirement homes
- 6,427 SF
Current Use by Public Records
- Liberty Inn / Motel / Hotel
- Florida International Family / Church
Property Details for 414 Irby St
- Property size
- 6,427 SF
- Property type
- Retirement homes
- Property subtype
- Mixed-use properties
Description
This exceptional commercial property presents a unique investment opportunity in the heart of Florence, South Carolina. Currently operating as the Motel Liberty Inn, this 18-key motel boasts a prime location on busy S Irby Street, directly across from a recently opened Dollar Tree. The property encompasses two buildings totaling 6,427 square feet, situated on a single story. A significant advantage is the inclusion of a convenient two-bedroom owner's apartment attached to the office, streamlining operations. Recent improvements include a roof replacement in 2021 and a new washer installation in 2018. The motel has been successfully operated for the past 23 years by the current owner, who is now retiring, presenting a turnkey operation for a new owner. The property's versatile nature and central location offer substantial redevelopment potential for a savvy investor seeking a strong return in a thriving downtown area. This is a rare chance to acquire an established business with significant upside in a rapidly growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Florence
- State
- South Carolina
- Longitude
- -79.7674
- Latitude
- 34.1908
