3821 Bancroft Rd Florence, SC 29501-8041
- Motels
- 19,551 SF
- 2.15 lot acres
Current Use by Public Records
- Florence Inn and Suites / Hotel
Property Details for 3821 Bancroft Rd
- Year built
- 1996
- Lot size
- 2.15 lot acres
- Property size
- 19,551 SF
- Property type
- Motels
- APN
- 00076-01-114
- APU
- 7601114
Description
This 51-key, two-story hotel in Florence, South Carolina, presents a unique owner/user investment opportunity. Located at I-95 Exit 157, the property benefits from high daily traffic volume (approximately 40,000 vehicles) on a major interstate corridor. Florence's strategic location midway between New York and Miami, coupled with recent economic growth fueled by a $1 billion AESC electric battery plant, creates a dynamic and attractive market. The hotel, built in 1996 and extensively renovated in 2023, is currently unfranchised, offering flexibility for future branding and management. Its proximity to the planned QT truck stop at Exit 157 further enhances its potential for increased visibility and revenue. The property sits on commercially zoned land in Florence County, and offers significant upside potential given the area's rapid development and influx of new businesses and residents. This is a rare chance to acquire a well-positioned hospitality asset in a booming South Carolina market. The hotel's 51 keys provide immediate income potential, while the strategic location and ongoing development in the area promise significant long-term growth. This is an exceptional opportunity for investors seeking a strong return on investment in a high-growth market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,890,000
- 6.5%
- $1,740,000
- 7%
- $2,015,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,865,000
- Geo Method
- $1,910,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,720,000
- Retail
- $1,525,000
- Mixed-Use
- $1,885,000
- Hospitality
- $1,820,000
- Educational
- $1,735,000
- Residential Income
- $1,710,000
- Energy
- $1,535,000
- Income-Based Land
- $1,760,000
- Food Service
- $1,690,000
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Florence
- State
- South Carolina
- Longitude
- -79.8692
- Latitude
- 34.1558
- CBSA code
- 22500
- CBSA name
- FLORENCE, SC METROPOLITAN STATISTICAL AREA
