8412 Savannah HwyNorway, SC 29113

  • Retail properties
  • 1,586 SF
For Sale
$45,000 View listing

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
8412 Savannah Hwy, Norway, South Carolina

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$255
$408
$663
-
$4,250
$6,800
$11,050

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