1803 Cherokee RdFlorence, SC 29501

Property Details for 1803 Cherokee Rd

Year built

1985

Lot size

0.23 AC

Property size (Sq ft)

3,800 SF

Zone code

PDD

Property type

Office properties

Property subtype

Office buildings

APN

90026-08-013

APU

9002608013

Description

This exceptional two-story office building, situated on a 0.23-acre lot at 1803 Cherokee Rd in Florence, South Carolina (zip code 29501), offers 3,800 square feet of versatile commercial space. Ideally suited for multiple tenants or a single large user, the property boasts excellent curb appeal and a highly desirable location within Florence's rapidly expanding Five Points commercial district. Just minutes from a variety of restaurants and shopping centers, this property provides convenient access to amenities. The upper level comprises seven individual offices, two common areas, and two restrooms, with several offices featuring private balcony access. The ground floor offers eight offices, a spacious reception/customer lobby area, and two restrooms. Many offices benefit from independent exterior entrances and exits, providing flexibility and privacy. Ample parking is available for tenants and clients. This property presents a unique opportunity to establish a thriving business in a prime location within a vibrant and growing commercial sector. The building is classified as Office and Land, with a Commercial subtype. The property is currently available for multiple tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $529,004

  6.5%

  $488,311

  7%

  $453,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $225,630

  Geo Method

  $643,492

• Alternative Use

  Use

  Valuation

  Residential

  $605,506

  Hospitality

  $554,640

  Educational

  $461,454

  Medical

  $477,324

  Retail

  $717,817

Location Insight

City

Florence

County

Florence

State

South Carolina

Latitude

34.1886

Longitude

-79.8023

CBSA code

22500

CBSA name

FLORENCE, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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