Nothing on beach offers better return ! 7 units available at The Palms Hotel. This is a Condo Tel offering in bulk. Own 7 of a total 68 hotel rooms in a very nice, well maintained Ocean Front Hotel. This is an opportunity to own income producing ocean front commercial real estate fron beach Isle of Palms, SC In addition you can use up to 28 days per year, per unit at your discretion. 7 units available Please give this unique offering some thought. individual units also available. Ownership here requires participation in current hotel management agreement. Personal use of your units therefore is limited as described above.
Listing Date: 04-07-2012
Sold Date: 09-16-2013
Aprox Days on Market: 
1 Year(s), 5 month(s), 8 day(s)
Listing Sold: 
10 Year(s), 7 month(s), 11 day(s) ago
Original Asking Price: $490,000
Asking Price: $665,000
Selling Price: $490,000
Price Difference From Original:
Same as Original Price
Price Difference From Asking:
Reduced By $175,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Community Features: Elevators
Fullbaths: 7
Year Built: 2000
Rent Control: No
Pool Private: No
Garage: No
Attached Garage: No
Fireplace: No
Lot Size Units: Acres
Acres: 0.00
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: A
Foundation: Pillar/Post/Pier
Exterior: See Remarks
New Construction: No
Roof: Built-Up
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Beds: 7
Sold Date: 2013-09-16T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 2226
Water Source: Public
Utilities: IOP W/S Comm, SCE & G
Heating: Yes
Heat: Forced Air
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office AgentOwned Realty Preferred Group - 843-884-7300