2504 Highmarket StGeorgetown, SC 29440

Property Details for 2504 Highmarket St

Year built

1980

Construction

WOOD

Lot size

1.00 AC

Property size (Sq ft)

3,510 SF

Property type

Office properties

APN

05-0007-052-00-00

APU

500070520000

Description

This exceptional commercial property, located at 2504 Highmarket Street in Georgetown, South Carolina, presents a compelling investment opportunity. Built in 1980 and currently leased to a chiropractor, this versatile building offers approximately 3,510 square feet of ground floor space, plus unfinished upstairs storage space totaling an additional yet-to-be-determined square footage. The property enjoys approximately 100 feet of frontage on Highmarket Street, ensuring high visibility and accessibility. The interior features a welcoming waiting room with attractive cedar beams and walls, abundant natural light from large windows, a reception area, breakroom, and a dedicated office. In addition, there are fourteen rooms currently configured for therapy and patient consultations, making it ideal for medical practices or other professional uses. The building is equipped with three HVAC units and a 40-gallon water heater, ensuring comfort and efficiency. Recent improvements include a new roof installed in 2023 and updates to several windows, siding, and paint in 2018. The one-acre lot provides ample space and potential for future expansion. This property is situated in the heart of Georgetown, offering excellent access to local amenities and a strong potential for rental income. The upstairs area offers significant potential for expansion or customization to meet the needs of a new owner. This is a rare opportunity to acquire a well-maintained, established commercial building in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $616,823

  6.5%

  $569,375

  7%

  $528,705

• Comparable approach

  Method

  Valuation

  Relative Method

  $368,407

  Geo Method

  $594,383

• Alternative Use

  Use

  Valuation

  Residential

  $706,025

  Hospitality

  $646,715

  Educational

  $538,059

  Medical

  $556,564

  Retail

  $836,981

Location Insight

City

Georgetown

County

Georgetown

State

South Carolina

Latitude

33.3825

Longitude

-79.3042

CBSA code

23860

CBSA name

GEORGETOWN, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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