1811 Irby StFlorence, SC 29505

Property Details for 1811 Irby St

Year built

1998

Lot size

0.97 AC

Property size (Sq ft)

22,041 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

90081-01-031

APU

9008101031

Description

This 2,000 square foot commercial unit is ideally situated on South Irby Street in Florence, South Carolina, boasting a prime location near Aldi and Walmart. The property benefits from exceptional visibility and accessibility, with a recently repaved parking lot ensuring easy ingress and egress. A 2019 South Carolina Highway Department traffic count recorded an average of 22,000 vehicles per day on this stretch of Irby Street, highlighting the significant foot and vehicle traffic potential for businesses operating from this location. The unit itself comprises 2,000 square feet of usable space, including two bathrooms, a dedicated office area, and additional versatile space adaptable to various business needs. Its strategic placement is further enhanced by its proximity to a large apartment complex and the YMCA, guaranteeing a substantial and diverse customer base. The 0.05-acre lot provides ample parking and convenient access. This property presents a compelling opportunity for small businesses seeking a high-visibility location with strong traffic flow and convenient amenities. The combination of high traffic counts, nearby retail giants, and residential proximity makes this a truly exceptional commercial opportunity. Don't miss out on this chance to establish your business in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $6,294,170

  6.5%

  $5,810,002

  7%

  $5,395,002

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,690,708

  Geo Method

  $9,405,706

• Alternative Use

  Use

  Valuation

  Residential

  $4,900,954

  Hospitality

  $4,489,248

  Educational

  $3,735,002

  Medical

  $3,863,454

  Retail

  $5,810,002

Location Insight

City

Florence

County

Florence

State

South Carolina

Latitude

34.1589

Longitude

-79.7676

CBSA code

22500

CBSA name

FLORENCE, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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