262 Cheves StFlorence, SC 29501
- Healthcare properties
- 1,460 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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