Historic Bed & Breakfast For Sale, Hartsville, SC

Hospitality for Sale
Also listed as Special Purpose
Catylist Listing ID: 30322819
Property Subtypes: Bed & Breakfast
Number of Units: 6 Units
Building Size (RSF): 5,150 SF
Gross Building Area: See Agent
Gross Land Area: 2.77 Acres
Sale Price: $599,999
Unit Price: $99,999.83 Per Unit
Property Use Type: Business
Building Name: Oak Manor Inn
Name of Establishment: Oak Manor Inn & Pub
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 8/28/2018

Overview / Comments

The Oak Manor Inn was built in 1892 and is situated on a corner parcel of nearly 3 acres encompassing century-old live oaks, magnolias, and azaleas. Oak Manor Inn is located across the street from Coker College; surrounded by historic homes; a Fortune 500 employer; and, is a 5-minute stroll from the town’s chic shops and restaurants. Two blocks aways is the Governors School of Mathematics & Science. Grandfathered in the historic district of Hartsville as a Bed & Breakfast, all proper licensing and zoning to operate as a B&B Inn and Pub are current and convey. This historical home has been carefully restored with updated electrical, plumbing, HVAC, and roof. In operation as a Bed & Breakfast since 2007 by current owners, online reviews are highly favorable with guests and local residents raving about both the restaurant and the inn.

TURN-KEY OPPORTUNITY
The opportunity provides a new or seasoned innkeeper a stress-free transition to a secure lifestyle which benefits from proven systems and processes in place, providing a financially stable business operation. Inn staff are trained and willing to stay with new owners. Current owners wish to retire and plan to stay in Hartsville and are available to train new owners in all aspects of B&B management and introduce the new owners to the community. Oak Manor Inn offers a new innkeeper a distinct advantage to being the only B&B located in Hartsville with alternative overnight accommodations being strictly chain hotels. Oak Manor Inn is the answer for those seeking a private, tranquil, or romantic stay in Hartsville.

If desired, additional income could be generated by a new owner by using the separate cottage as additional guest quarters or as a long-term rental generating $1000 or more monthly. Full or partial venue rentals could be expanded and include catering. Hours of operation for the restaurant could be increased including a much needed Sunday brunch after morning services.

The property is being sold fully furnished and the B&B and restaurant operation is TURN-KEY READY. The price includes all accoutrements needed to operate the inn: all in-room service appliances, all linens, cooking/serving ware, furnishings and decor, all menus & recipes, dining room decor, wine bar, kitchen equipment and appliances, and accompanying website. Financial operating data is available upon request and return of signed Confidentiality Agreement.

Oak Manor Inn has a strong relationship with Hartsville’s community and serves as the preferred vendor for Coker College. The Inn regularly accommodates guests from Duke Energy, Sonoco Products Co, Stingray Boats, Carolina Pines Medical Center, The Governors School of Math & Science (a boarding school for South Carolina’s brightest students), and nearby NASCAR’s famous Darlington Motor Speedway’s Annual Southern 500. Owners state 60% of their business is generated via repeat customers and website, while 40% is 3rd party online advertising. Hartsville is situated in the Pee Dee region of South Carolina, approximately a 1.5 hour drive from Charlotte, NC and Columbia, SC; 2 hours from Myrtle Beach/Pawleys Island, SC; and a 2.5 hour drive to Charleston, SC. Florence Regional Airport, served by American Airlines, is just a half hour from Hartsville and Hartsville Regional Airport is a 15-minute drive.

Additional Details

Nearest MSA: Florence
County: Darlington
Taxing Authority: Hartsville
Tax ID/APN: 056-02-03-013
Zoning: RESIDENTIAL; B&B USE IS GRANDFATHERED
Retail Clientele: Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Sonoco Products Co Headquarters & Coker College
Property Visibility: Excellent
Largest Nearby Street: East Home Ave
Airports: Florence Regional Airport, served by American Airlines, is just a half hour from Hartsville and Hartsville Regional Airport is a 15-minute drive.
Site Description: This is Hartsville's only Bed & Breakfast!
Area Description: The charming town of Hartsville traces its origins to Thomas Hart who came to the area in the early 1800’s and built a plantation along Black Creek. Early community leader, James L. Coker and his family businesses established much of the town’s roots in agriculture, education, horticulture, and manufacturing leading to a history of affluent community leaders. Today, Hartsville offers its residents and guests a community rich in arts, education, recreational resources, a wide range of industries, and a rich history within a charming downtown that offers quality amenities. Securing the innkeeper lifestyle is easier than ever before with Oak Manor Inn.
Nearby Attractions: Many innovative industries and resources call Hartsville home: Advanced Systems AMC Classic Hartsville Theater A.O. Smith Corporation Black Creek Arts Council Black Creek Bistro Bow Thai Cuisine Burry Park, featuring Screen on the Green Carolina Pines Regional Medical Center The Center Theatre Coach T.B. Thomas Sports Center Crema Coffee Bar Coker College Coker Experimental Farms East Home Avenue Historic District Elizabeth Boatwright Coker Performing Arts Center Family YMCA Governor’s School for Science & Mathematics (“GSSM”) The Hartsville Museum Kalmia Gardens Lawton Park & Pavillion Main Street Hartsville Midnight Rooster restaurant Neptune Island Waterpark Nestle Water Novolex Project Excape Sam Kendall’s Sonoco Products Company Stingray Boats Thomas E. Hart House West College Avenue Historic District Yogi Bear Honey Fried Chicken Zapata’s Mexican
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 1892
Year Renovated: 2007
Construction/Siding: Vinyl Siding
Exterior Description: The Oak Manor Inn was built in 1892 and is situated on a corner parcel of nearly 3 acres encompassing century-old live oaks, magnolias, and azaleas. Oak Manor Inn is located across the street from Coker College (an acclaimed college campus); surrounded by historic homes; a Fortune 500 employer; and, is a 5-minute stroll from the town’s chic shops and restaurants. Two blocks aways is the Governors School of Mathematics & Science.
Parking Type: Surface
Parking Description: Parking is abundant on Premises. Additional parking available at Coker College for events held at Oak Manor.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Surrounded by historical residential and college; this property is grandfathered in for its nonconforming use.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,246 16,286 24,263
Median Age: 32.84 38.94 39.13
Households: 1,156 6,340 9,455

Contact

Photograph of Listing Agent

Jonathan C Lee

Choice Realty, Inc. SCCMLS Member
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