7903 Ocean Hwy | Pawleys Island, SC 29585
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7903 Ocean Hwy
Pawleys Island, SC 29585
Quality Inn & Suites Pawleys Island · Hospitality Property For Sale
·
32,527 SF
INVESTMENT HIGHLIGHTS
- Fee simple interest in a two-story, 97-room hospitality building with an exterior corridor situated over a spacious 2.94-acre lot in Pawleys Island.
- Ideal opportunity to acquire an asset in a limited hotel inventory market located close to tourist destinations that see ±20 million annual visitors.
- Desirable upside in occupancy, ADR, and RevPAR upon the completion of a minimal change-in-ownership PIP to bring property-level performance metrics.
- Conveniently located with high visibility on Ocean Hwy in front of 26,766 VPD with access to Pawleys Island Beach, Murrells Inlet, and Myrtle Beach.
- Revitalizing abilities for a hands-on operator to add value by increasing revenues on an acquisition unencumbered by debt and third-party management.
- Excellently equipped with on-site amenities, including a business center, meeting rooms, outdoor pool, high-speed internet, free breakfast, and more.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1972/2002 |
| Building Class | C | Parking Ratio | 5.29/1,000 SF |
| Lot Size | 2.94 AC | Corridor | Exterior |
| Building Size | 32,527 SF | ||
| Zoning | Highway Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.94 AC |
| Building Size | 32,527 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2002 |
| Parking Ratio | 5.29/1,000 SF |
| Corridor | Exterior |
| Zoning | Highway Commercial |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 04-0208-024-01-00 | Improvements Assessment | $155,945 |
| Land Assessment | $41,332 | Total Assessment | $197,277 |
PROPERTY TAXES
Parcel Number
04-0208-024-01-00
Land Assessment
$41,332
Improvements Assessment
$155,945
Total Assessment
$197,277
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