2704 Highmarket StGeorgetown, SC 29440

  • Office properties
  • 10,224 SF
For Sale
$1,390,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
2704 Highmarket St, Georgetown, South Carolina

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

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
$35,784
$18,000
$84,620
$102,620
-
$300,000
$1,410,300
$1,710,300

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