8412 Savannah HwyNorway, SC 29113
- Retail properties
- 1,586 SF
Property Details for 8412 Savannah Hwy
- Year built
- 1974
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 1,586 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
- APN
- 0054-05-14-005
- APU
- 540514005
Description
This exceptional retail property, located at 8412 Savannah Highway in Norway, South Carolina, presents a compelling investment opportunity. The 2,688 square foot building sits on a 0.13-acre lot and offers a versatile space ideal for a range of retail businesses. Constructed in 1984, the building boasts high ceilings and an open floor plan, providing ample flexibility for customization and layout design. Its previous uses include an entertainment lounge and a pharmacy, demonstrating its adaptability to diverse commercial ventures. The property's central Norway location ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs seeking a thriving business environment. The asking price of $45,000 makes this a particularly attractive investment opportunity in the heart of Norway, SC. The spacious interior and adaptable layout offer significant potential for a variety of retail uses, promising a strong return on investment for the discerning buyer. This is a chance to acquire a well-situated commercial property with a proven track record in a desirable South Carolina community. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $329,020
- 6.5%
- $303,711
- 7%
- $282,017
-
Comparable approach
- Method
- Valuation
- Relative Method
- $227,580
- Geo Method
- $676,805
-
Alternative Use
- Use
- Valuation
- Residential
- $256,191
- Hospitality
- $234,670
- Educational
- $195,243
- Medical
- $201,957
- Retail
- $303,711
Location Insight
- City
- Norway
- County
- Orangeburg
- State
- South Carolina
- Latitude
- 33.4511
- Longitude
- -81.1257
- CBSA code
- 36700
- CBSA name
- ORANGEBURG, SC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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