Knight's Inn Motel in Manning, SC!

Hospitality for Sale
Catylist Listing ID: 30266492
Property Subtypes: Extended Stay, Hotel, Inn, Motel, Other
Number of Units: 120 Units
Building Size (RSF): 40,806 SF
Gross Building Area: See Agent
Gross Land Area: 5.69 Acres
Sale Price: $999,000
Unit Price: $8,325 Per Unit
Property Use Type: Business
Building Name: Knight's Inn
Name of Establishment: Knight's Inn
Franchised Business: Yes
Franchise Parent Name: Knight's Inn
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: 10.0%
Last Updated: 11/13/2018

Overview / Comments

Have you been searching for a great investment opportunity in the hospitality industry? The Knight's Inn in Manning, SC is a well-maintained, clean, and easily accessible property. This is an appealing respite for travelers on I-95, and is perfect for tourists visiting Lake Marion, Santee State Park, Santee Wildlife Refuge, and area Golf Courses. The current owner is only renting the first floor rooms, so there is great potential for additional income. There is also a currently unrented, equipped restaurant that comes with the property. Book your appointment today!

Additional Details

Nearest MSA: Sumter
County: Clarendon
Submarket/Township: 87 - North of Summerton
Taxing Authority: Claredon County
Tax ID/APN: 122-00-03-022-00
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Alex Harvin Hwy and I-95
Property Visibility: Excellent
Largest Nearby Street: Alex Harvin Hwy
Highway Access: Alex Harvin Highway and I-95
Airports: CHS
Site Description: Pool, parking lot, L-shaped motel
Area Description: Primariliy I-95 traffic
Nearby Attractions: Lake Marion, Santee State Park, Santee Wildlife Refuge, Golf Courses, outlet mall
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1973
Roof Type: Flat
Construction/Siding: Brick, Other
Water Recreation: Outdoor Pool
Exterior Description: Two story Knight's Inn motel with red roof, outdoor pool, and restuarant
Total Parking Spaces: 120
Parking Type: Surface
Parking Description: Asphalt parking lot
Laundry: Shared
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Other
Interior Description: Motel. See photos
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 6137 Alex Harvin Highway, Manning, SC 29102 122-00-03-022-00

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,422 9,993
Median Age: 43.13 39.45
Households: 959 3,835

Contact

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