501 S Blackstock Rd | Spartanburg, SC 29301
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- LoopNet Team
501 S Blackstock Rd
Spartanburg, SC 29301
Sleep Inn Spartanburg · Hospitality Property For Sale
·
25,574 SF
INVESTMENT HIGHLIGHTS
- This offering features a recently renovated 62-key hotel with fee-simple real estate, unencumbered by debt or management contracts.
- Opportunity to stabilize, comparative analysis from the STR report reveals that comparable properties are presently achieving an $67.39 RevPAR.
- The PPK of acquisition stands notably below the replacement cost PPK
- The property is fully operational with an established 15-year franchise term and is strategically located in close proximity to high traffic retail.
- Benefits from significant daily traffic counts including 101,660 VPD (Vehicles per Day) on I-65, 7,362 VPD on S Blackstock Rd, and 56,386 on Redville.
- In close proximity to key demand drivers such as downtown Spartanburg, Wofford College, Spartanburg Community College, and various recreational areas.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1996/2023 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.11 AC | Parking Ratio | 2.66/1,000 SF |
| Building Size | 25,574 SF | Corridor | Interior |
| Zoning | A - Arterial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.11 AC |
| Building Size | 25,574 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1996/2023 |
| Tenancy | Single |
| Parking Ratio | 2.66/1,000 SF |
| Corridor | Interior |
| Zoning | A - Arterial |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 6-20-16-053.06 | Improvements Assessment | $226,967 |
| Land Assessment | $13,652 | Total Assessment | $240,619 |
PROPERTY TAXES
Parcel Number
6-20-16-053.06
Land Assessment
$13,652
Improvements Assessment
$226,967
Total Assessment
$240,619
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