8412 Savannah HwyNorway, SC 29113

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

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.

• 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

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