Greer Hospitality for Sale - Pelham/I-85
Originally operated as a charming bed and breakfast, this unique 9-bedroom property now functions as a month-to-month rental by the bedroom, offering strong flexibility and consistent cash flow. The property combines the character and layout of its former hospitality use with the steady demand of today’s short-term and transitional housing market.
In addition to the guest accommodations, the property features a spacious event space that is currently underutilized, presenting an excellent opportunity for an investor or owner-operator to generate additional income through events, weddings, professional conferences, or group rentals. Its versatile design and prime location make it well-suited for continued operation as a short-term rental, repositioning back into a boutique lodging business, or exploring new mixed-use concepts like corporate lodging.
Strong In-Place Income: Current full occupancy generates approximately $8,600 per month, with additional upside potential from the unused event space.
Flexible Layout: 9 total bedrooms offering multiple private and shared bath configurations:
3 units – 1 bed / 1 private bath
2 units – 1 bed / shared bath between
4 units – 1 bed sharing 1 full bath and 1 half bath
High Average Household Income - Located in an area with an exceptional median household income of $122,000, the Candleberry Inn benefits from a demographic profile well above both state and national averages.
Spacious Facility - Approximately ±7,000 square feet of total building area.
Turnkey Operation - Fully furnished and currently operated as month-to-month rentals, providing immediate cash flow and flexibility for new ownership.
Zoning - R-1 Residential, allowing for a variety of potential uses subject to local approval.
Value-Add Potential - Opportunity to activate and monetize the on-site event space to enhance revenue.
Prime Location Near GSP International Airport - Situated just minutes from Greenville-Spartanburg International Airport, the property offers exceptional visibility and convenience for both business and leisure travelers. The close proximity to I-85 provides easy access to Greenville and Spartanburg.
Charming, Fully-Operational Bed & Breakfast - The property features nine beautifully appointed guest rooms and historic character, positioning it well for short-term rentals, boutique hospitality, or corporate lodging demand.
Untapped Event Venue Potential - An on-site event space is currently underutilized, offering immediate upside potential through weddings, corporate retreats, private parties,
or community events. This added income stream could significantly enhance overall NOI.
Flexible Ownership & Operational Opportunity - Ideal for an owner-operator, hospitality investor, or boutique lodging group seeking a high-character property in an expanding submarket.
Could also be converted to a full-time short-term rental model or hybrid operation.
