262 Cheves StFlorence, SC 29501

  • Healthcare properties
  • 1,460 SF
For Sale
$246,580 View listing

Property Details for 262 Cheves St

Year built
1955
Lot size
0.52 AC
Property size (Sq ft)
1,460 SF
Zone code
B3
Property type
Healthcare properties
Property subtype
Medical offices
APN
90087-01-015
APU
9008701015

Description

This exceptional ±0.51-acre commercial land parcel presents a unique investment opportunity in the heart of downtown Florence, South Carolina. Located at 262 West Cheves Street, this property boasts approximately 75 feet of frontage on Cheves Street and a depth of approximately 289 feet. The site currently includes a 1,460 square foot building constructed in 1955, previously used as a dental office. This building offers potential for renovation or redevelopment, complementing the significant land value. The property is zoned Central Business District (CBD), providing flexibility for a variety of commercial uses. Conveniently located in Florence County, this site benefits from readily available utilities, including water and sewer connections. The property's prime location and zoning make it ideal for entrepreneurs and investors seeking a high-visibility presence in a thriving downtown area. The asking price is $246,580, and the APN is 90087-01-015. This is a rare opportunity to acquire a substantial commercial lot in a desirable downtown location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $240,253
    6.5%
    $221,772
    7%
    $205,931
  • Comparable approach

    Method
    Valuation
    Relative Method
    $105,275
    Geo Method
    $247,236
  • Alternative Use

    Use
    Valuation
    Residential
    $274,997
    Hospitality
    $251,896
    Educational
    $209,574
    Medical
    $216,782
    Retail
    $326,004
262 Cheves St, Florence, South Carolina

Location Insight

City
Florence
County
Florence
State
South Carolina
Latitude
34.1949
Longitude
-79.7693
CBSA code
22500
CBSA name
FLORENCE, SC METROPOLITAN 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
$2,744
$2,731
$2,397
$5,128
-
$68,286
$59,915
$128,201

FAQs

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