Suburban Studios

Price:
$5,199,000

Address :
1914 West Lucas Street
Florence, SC 29501

Excellent location on Interstate 95
Superior access and visibility from highway
SBA financing candidate
Ideal size and operating model for owner/ operator
Offered at discount to replacement cost
On-site restaurant space leased at $3,000/month)

The City of Florence is the hub of the eight-county Pee Dee region.
Situated just off Interstate 95, north of its intersection with Interstate 20
The Suburban Studio is located at the intersection of I-95 and US 52, the primary route to Darlington Raceway
Minutes from Pee Dee Commerce City, Home to Ruiz Foods & Niagara Bottling
Close to Regional Demand Generators:

Florence Civic Center
McLeod Regional Medical Center
Florence Justice Center
Medical University of South Carolina Hospital
Francis Marion University
Major Manufacturers such as Honda of South Carolina, Otis Elevator & Patheon
Darlington Raceway

1 - One-Story Building
3 - Two-Story Buildings
Exterior Corridor
Concrete Structure
Stucco Facade
2021 Renovations: New Asphalt-Shingle Roof, New House Washer, New Water Heater System, New Alarm System
2020 Renovations: All Guest Rooms Painted, New Cooktops in 10 Rooms, New Furniture in 50% of Guest Rooms
2020: Bathroom Renovations to 107 Rooms, New Cast Iron Tubs, New Porcelain Tub Surrounds, New Bathroom and Vanity Lighting Package, New Toilets, New Porcelain Tile Flooring
Wireless Internet
Guest Laundry
Vending Machines
Outdoor Pool and Courtyard
Oversized Vehicle Parking
Built in 1982

Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.

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Financials
	2020	2021	2022	T-12Mos 2/23
Occupancy	63.9%	66.2%	61.3%	N/A
Average Daily Rate	$49.36	$51.81	$53.25	N/A
Room Revenue	$1,359,939	$1,465,448	$1,390,187	$1,321,879
Net Operating Income	$462,172	$552,533	$605,163	N/A

This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!

Price:
$5,199,000

Address :
1914 West Lucas Street
Florence, SC 29501

Quick Links

Our Regional Offices

Price: $5,199,000

Address : 1914 West Lucas Street Florence, SC 29501

Quick Links

Our Regional Offices

Price:
$5,199,000

Address :
1914 West Lucas Street
Florence, SC 29501