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Updated almost 8 years ago,

User Stats

26
Posts
1
Votes
H Patel
  • North Augusta, SC
1
Votes |
26
Posts

Motel Property Repurposing/Ground Lease/National Tenant

H Patel
  • North Augusta, SC
Posted
property pics

Hello BP members.  I am a newbie poster to this particular site.  Thank you in advance for any help.  So I recently took over family lodging business.  Below are some specs I was able to ascertain:

Land:  14810 SF

Type: Motel

Wall Height 10

Stories: 2

Bldg:  8200 SF

Framing Masonry bearing walls

Exterior Walls Stud -Brick Veneer;

Actual Year Built 1986

Elevator 0

It has been a family run place since its inception, having been reared in the hotel/motel business since age 10.  It is with this vast years of knowledge/experience that leads me here.  I would like to repurpose the property away from lodging operations which is not a consistent revenue generating proposition and into a long term land-lease agreement from any industry sector company who will use the building/land to fit their needs?  I am not looking for a get quick-rich scheme.  While I hold a MS in Hospitality, I do not consider myself a business tycoon.  I really just do not know where to start.  I have sought out non-profits such as SCORE.org and SBDC which led me here.  Thank you again.  

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