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710 Market St
Cheraw, SC 29520
Recently Renovated | Baymont Cheraw · Hospitality Property For Sale · 27,257 SF

INVESTMENT HIGHLIGHTS

  • 710 Market Street is a 72-unit, two-story, exterior corridor Baymont by Wyndham offered fee simple, located in Cheraw, South Carolina.
  • 710 Market Street is situated along US Highway 1, visible to 3,750 vehicles daily, and US Highway 52, exposed to over 7,300 cars daily.
  • Ideally and centrally positioned with access to Columbia, 89 miles away, Charlotte, 74 miles away, and Myrtle Beach, 102 miles away.
  • Recently renovated hotel offered with a long-term franchise agreement and an expected minimal change-in-ownership PIP.
  • Opportunity for hands-on operators to improve revenue and NOI due to its current 47.5% RevPAR Penetration Index.
  • Near multiple national retailers and service providers, including Walmart Supercenter, IGA, Hardee’s, Mobil, and more.

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.15 AC
Building Size 27,257 SF
No. Stories 2
Year Built/Renovated 1952/2021
Parking Ratio 3.16/1,000 SF
Corridor Exterior
Zoning Neighborhood Commercial - Neighborhood Commercial
Parcel Number 259-004-009-023

AMENITIES

  • Business Center
  • Fitness Center
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Listing ID: 29451780

  • Date on Market: 9/6/2023

  • Last Updated:

  • Address: 710 Market St, Cheraw, SC 29520

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