2704 Highmarket StGeorgetown, SC 29440

Property Details for 2704 Highmarket St

Year built

1960

Construction

BRICK

Lot size

1.93 AC

Property size (Sq ft)

10,224 SF

Property type

Office buildings

APN

05-0006-010-00-00

APU

500060100000

Description

This 10,300 square foot mixed-use building in Georgetown, South Carolina, presents a unique investment opportunity. Located at 2704 Highmarket St, the property sits on a 2.4-acre lot and boasts a newly sealed parking lot with over 50 spaces, secured by a 6-foot fence and electronic gate. The building, renovated in 2020, is ADA accessible and zoned GC, allowing for potential subdivision. The upper level (approx. 2800 sq ft) features six offices/conference rooms, a large common area/lobby/showroom with dual entrances, two restrooms, and direct courtyard access. High-quality finishes include LVP flooring in offices and commercial-grade carpet tiles in common areas. The lower level (approx. 7500 sq ft) offers a large common area currently configured with four large offices/conference rooms/living areas/procedure areas, a reception area with built-in desk, and a fully equipped commercial kitchen with 2020-2021 appliances. The lower level also features LVP flooring throughout. The rear parking lot offers potential for additional storage. This property is ideal for owner-users seeking a versatile space, or investors looking for a strong return in a growing market. The asking price is $1,390,000, with a price per square foot of $134.95. Class B building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,796,341

  6.5%

  $1,658,161

  7%

  $1,539,721

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,073,235

  Geo Method

  $1,731,332

• Alternative Use

  Use

  Valuation

  Residential

  $2,056,120

  Hospitality

  $1,883,395

  Educational

  $1,566,962

  Medical

  $1,620,853

  Retail

  $2,437,497

Location Insight

City

Georgetown

County

Georgetown

State

South Carolina

Latitude

33.3847

Longitude

-79.3075

CBSA code

23860

CBSA name

GEORGETOWN, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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