1121 Broad StSumter, SC 29150

Property Details for 1121 Broad St

Year built

1966

Construction

CONCRETE BLOCKS

Lot size

22.77 AC

Property size (Sq ft)

1,169 SF

Zone code

GC

Property type

Retail space

APN

203-00-06-001

APU

2030006001

Description

Wesmark Plaza, located at 1121 Broad Street in Sumter, South Carolina, presents a prime opportunity for restaurant or retail businesses. This single-tenant space encompasses a generous 8,000 square feet, offering ample room for a variety of concepts. The property enjoys a highly visible location within Sumter's main retail corridor, directly adjacent to Sumter Mall and other major retailers, ensuring significant foot traffic and brand exposure. Its strategic position benefits from excellent street access, with three street boundaries providing easy ingress and egress. The property boasts prominent frontage on Broad Street and convenient access from US Highway 378/76. Sumter's robust economy is significantly bolstered by the presence of Shaw Air Force Base, home to the largest F-16 squadron and the newly established Third US Army Headquarters, which has added 3,000 jobs to the local area. This translates to a strong consumer base and a thriving market for businesses. The property is situated in Sumter County, South Carolina, zip code 29150. This exceptional location and substantial square footage make Wesmark Plaza an ideal investment for businesses seeking a high-impact presence in a dynamic and growing community. The property is classified as a second-generation restaurant space, offering a ready-to-occupy environment.

• CAP approach

  CAP return

  Valuation

  6%

  $239,343

  6.5%

  $220,932

  7%

  $205,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $174,986

  Geo Method

  $498,855

• Alternative Use

  Use

  Valuation

  Residential

  $186,365

  Hospitality

  $170,709

  Educational

  $142,028

  Medical

  $146,913

  Retail

  $220,932

Location Insight

City

Sumter

County

Sumter

State

South Carolina

Latitude

33.954

Longitude

-80.3758

CBSA code

44940

CBSA name

SUMTER, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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