Hotel Hammock

Hospitality for Sale
Catylist Listing ID: 30730576
Property Subtypes: Motel, Other
Number of Units: 2 Units
Building Size (RSF): 3,650 SF
Gross Building Area: See Agent
Gross Land Area: 0.58 Acres
Sale Price: $395,000
Unit Price: $197,500 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Name of Establishment: Hotel Hammock
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/24/2021

Overview / Comments

This unique historic Walterboro property underwent a complete renovation in 2012 and operated as Hotel Hammock Guest House from 2013 to 2018, a quaint boutique hotel for travelers and tourists along the I-95 corridor. Recently retired, the current owner is now ready to pass on the reins. The main structure consists of approximately 2700 sq ft and includes a large office/dining room, four guest suites with private baths and sitting areas, an additional 1/2 bath, gracious southern porches, and a laundry area. A detached 1BR/1BA cottage and a 24 X 24 metal storage building are also located on the property. Rare to this area, is a basement foundation and an old upstairs apartment which could be potentially revitalized as additional living spaces. Although previously operated as a motel, the general commercial zoning allows for a variety of uses including professional office space or retail.

Attachments & Media

Additional Details

Nearest MSA: Charleston-North Charleston
County: Colleton
Submarket/Township: 82 - Colleton County
Submarket Type: Central Business District
Taxing Authority: Walterboro
Tax ID/APN: 163-11-00-210
Zoning: HIGHWAY COMMERCIAL_MOTEL
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Jefferies Blvd Corridor (US Hwy 15) Between Exits #53 and #57 on I-95
Property Visibility: Excellent
Largest Nearby Street: Jefferies Blvd
Feet of Frontage: 105
Traffic/Vehicle Count: 17,000
Highway Access: Approximately 3 miles from I-95 Exits #53 and #57 along Hwy 15. The main corridor through Walterboro.
Site Description: Frontage on a four lane highway.
Area Description: Hotel Hammock is located along a four lane highway.in a general commercial district.
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Average
Year Built: 1932
Year Renovated: 2012
Roof Type: Gable
Construction/Siding: Wood Frame
Total Parking Spaces: 15
Parking Type: Surface
Sprinklers: None
Laundry: Shared
Heat Type: Electricity
Heat Source: Central
Internet Access: Fiber Optic
Lot Frontage: 105
Lot Depth: 221
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Shared Drive

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,449 9,830 13,967
Median Age: 40.15 40.36 39.32
Households: 1,357 3,905 5,364

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