Property profile

414 Irby St Florence, SC 29501

OFF-MARKET
Retirement homes
6,427 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retirement homes
Total area 6,427 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Church

Location

414 Irby St Florence, SC 29501
Florence metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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