9145 Longtown RdRidgeway, SC 29130

  • Retail properties
  • 2,644 SF
For Sale
$645,000 View listing

Property Details for 9145 Longtown Rd

Lot size
1.00 AC
Property size (Sq ft)
2,644 SF
Zone code
B2
Property type
Retail properties
Property subtype
Turn key restaurants
APN
1520000013000
APU
1520000013000

Description

This exceptional commercial property in Ridgeway, South Carolina, presents a lucrative investment opportunity. Encompassing 5,150 square feet across two buildings situated on a 4.46-acre lot at 9145 Longtown Rd, zip code 29130, this property offers diverse income streams and significant expansion potential. Building One, a 2,644-square-foot space, currently houses a fully operational restaurant complete with a hood and grease trap, occupied by a tenant who may consider a lease extension. Building Two, a 2,506-square-foot, two-story structure, features a ground-floor retail space currently occupied by a convenience store. The second floor is adaptable for office space or residential conversion. Adding to the property's value is an operational fuel pump on-site. Approximately one acre is occupied by the buildings, leaving roughly 3.5 acres of additional land available for expansion or future development. The asking price for this multifaceted property is $645,000. This property is zoned for commercial use and offers a unique blend of established businesses and significant development potential. The property's location in Fairfield County provides easy access to major transportation routes and a growing community. This is an ideal opportunity for investors seeking a strong return on investment in a thriving South Carolina market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $542,906
    6.5%
    $501,144
    7%
    $465,348
  • Comparable approach

    Method
    Valuation
    Relative Method
    $399,885
    Geo Method
    $1,128,292
  • Alternative Use

    Use
    Valuation
    Residential
    $422,734
    Hospitality
    $387,222
    Educational
    $322,164
    Medical
    $333,244
    Retail
    $501,144
9145 Longtown Rd, Ridgeway, South Carolina

Location Insight

City
Ridgeway
County
Fairfield
State
South Carolina
Latitude
34.3479
Longitude
-80.8362
CBSA code
17900
CBSA name
COLUMBIA, SC METROPOLITAN 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
2023
$4,687
$1,500
$10,332
$11,832
-
$25,000
$172,200
$197,200

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