2400 2Nd Loop RdFlorence, SC 29501

Property Details for 2400 2Nd Loop Rd

Year built

2015

Lot size

2.45 AC

Property size (Sq ft)

41,834 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

90020-04-004

APU

9002004004

Description

This single-tenant office building, located at 2400 2nd Loop Rd, Florence, SC 29501, offers 1,829 square feet of space in a prime location. The property sits on a 0.61-acre lot and includes a separate 480 square foot masonry block storage building. Built in 1952, the building features two restrooms, a break room/kitchen, a reception area, four private offices, and a mechanical room. It is ADA compliant and currently 100% occupied by a professional counseling tenant under a lease expiring January 1, 2027. The property boasts ample parking with six designated spaces, a concrete driveway, and a covered carport. The location on the corner of Second Loop Road and South Westminster Road benefits from high traffic volume (30,700 vehicles daily). The property is zoned Florence County B3. This is a fantastic opportunity for investors seeking a well-maintained, income-producing asset in a desirable location. The asking price is $285,000. The property's APN is 90020-04-003.

• CAP approach

  CAP return

  Valuation

  6%

  $9,345,413

  6.5%

  $8,626,536

  7%

  $8,010,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,925,111

  Geo Method

  $17,852,108

• Alternative Use

  Use

  Valuation

  Residential

  $7,276,806

  Hospitality

  $6,665,514

  Educational

  $5,545,630

  Medical

  $5,736,352

  Retail

  $8,626,536

Location Insight

City

Florence

County

Florence

State

South Carolina

Latitude

34.1749

Longitude

-79.8105

CBSA code

22500

CBSA name

FLORENCE, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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