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Lakeshore Motel-Available for Redevelopment 1443 Hwy 17 N 20 Room Hotel Little River, SC 29566 $1,500,000 ($75,000/Room)
Executive Summary
This property consists of approximately 1.65 acres on Hwy 17. It includes the Lake Shore motel, which has been closed for a couple of years, and an existing single-family home currently occupied by the owners. The property is being sold as-is.
The zoning is HC (Highway Commercial). While this district is no longer used in Horry County, this property is grandfathered in, allowing for many uses and making it an excellent opportunity for redevelopment.
Key details include:
- Parcels: Consists of two parcels with approximately 180 feet of frontage along Hwy 17.
- Stormwater: Adjacent to a large pond that could potentially be used for stormwater management.
- Income: Includes an existing ground lease for a billboard that generates annual income.
- Expansion Potential: An additional, connected 3.30 acres is also for sale. Combining both properties would create an estimated 5-acre site with Hwy 17 frontage.
This is a great investment for redeveloping either the land or the existing structures. The scarcity of available land in this area makes this property highly desirable.
Please call for more details.
The zoning is HC (Highway Commercial). While this district is no longer used in Horry County, this property is grandfathered in, allowing for many uses and making it an excellent opportunity for redevelopment.
Key details include:
- Parcels: Consists of two parcels with approximately 180 feet of frontage along Hwy 17.
- Stormwater: Adjacent to a large pond that could potentially be used for stormwater management.
- Income: Includes an existing ground lease for a billboard that generates annual income.
- Expansion Potential: An additional, connected 3.30 acres is also for sale. Combining both properties would create an estimated 5-acre site with Hwy 17 frontage.
This is a great investment for redeveloping either the land or the existing structures. The scarcity of available land in this area makes this property highly desirable.
Please call for more details.
Property Facts
| Price | $1,500,000 | Lot Size | 2.00 AC |
| Price Per Room | $75,000 | Building Size | 7,486 SF |
| Sale Type | Investment | No. Rooms | 20 |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1963 |
| Property Subtype | Hotel | Parking Ratio | 1.6/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | HC - Highway Commercial | ||
| Price | $1,500,000 |
| Price Per Room | $75,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 7,486 SF |
| No. Rooms | 20 |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.6/1,000 SF |
| Corridor | Exterior |
| Zoning | HC - Highway Commercial |
Amenities
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 20 | $91.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 31205020060 | Improvements Assessment | $476,163 |
| Land Assessment | $942,000 | Total Assessment | $1,418,163 |
Property Taxes
Parcel Number
31205020060
Land Assessment
$942,000
Improvements Assessment
$476,163
Total Assessment
$1,418,163
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Lakeshore Motel-Available for Redevelopment | 1443 Hwy 17 N
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