1467 Russell St 33,000 SQFT

$3,800,000Orangeburg 29115

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1467 Russell St

The Russell Inn, was built as a Hotel in 1926. It is on the list of Historical Places in SC and is the only hotel within a mile of the Universities and Colleges. Its use changed in 2007 because of the growth in the demand for student housing and was leased individually to students attending: South Carolina State University, Claflin University and Orangeburg-Calhoun Technical College. From 2009 - 2019, The center was leased exclusively by Claflin University, which is within walking distance from the campus. In 6/2019, Claflin students vacated the building but in 2 months, and rooms again were leased to individual students from the 2 Universities and 1 College , so we are proud to say we already have 37.5% of the beds leased. Orangeburg Library & Conference Center will be done Spring of 2021, Only 2 blocks from The Russell Inn. There will also be an amphi theatre for Music Concerts. The Russell Inn may also have short term rentals!

Essential Information

  • MLS® #30587418
  • Price$3,800,000
  • Square Footage33,000
  • Acres1
  • CategoryCommercial Sale
  • TypeMulti-Family
  • Sub-TypeMid-Rise,Mixed Use,Student Housing
  • Statusdeleted

More Details

  • TitleThe Russell Inn - 89 Bed - 69 Unit Student Housing Center
  • Property SubtypeMid-Rise,Mixed Use,Student Housing
  • Use TypeBusiness
  • Landsize UnitsAcre

LISTED BY Carolina Elite Real Estate