2530 David H Mcleod BlvdFlorence, SC 29501

  • Retail properties
  • 115,500 SF
For Lease

Property Details for 2530 David H Mcleod Blvd

Year built
1987
Lot size
7.72 AC
Property size (Sq ft)
115,500 SF
Property type
Retail properties
Property subtype
Outlet malls
APN
00099-01-066
APU
9901066

Description

This exceptional retail opportunity is located within Crossroads Center, a prominent power center in Florence, South Carolina. The property boasts a total of 110,575 square feet across four single-story buildings, situated on eight acres of land. Currently, 43,276 square feet of contiguous space is available for lease, previously occupied by Conn's Furniture. This space offers a dedicated loading dock, multiple points of ingress and egress, and convenient cross-access with an adjacent shopping center. The property also presents the potential for pylon signage, enhancing visibility and brand recognition. The building, constructed in 1987 and classified as Class B, features a total of 407 parking spaces for customer convenience. The location benefits from high visibility along David H McLeod Blvd, a major retail corridor with a daily traffic volume of 31,300 vehicles. Its strategic placement near the intersection of I-20 and I-95 ensures excellent accessibility. Strong co-tenancy includes Big Lots, Citi Trends, and Badcock Furniture, further enhancing the property's appeal. The surrounding area is a thriving retail hub, with nearby shopping centers such as Florence Mall and Magnolia Mall featuring a diverse range of national retailers. The property is zoned CI (Commercial Improved) and has an APN of 00099-01-066 within Florence County. Minimum divisible space is 14,735 square feet, with a maximum contiguous space of 43,276 square feet available. This presents a rare anchor opportunity in a high-demand location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $23,636,536
    6.5%
    $21,818,340
    7%
    $20,259,888
  • Comparable approach

    Method
    Valuation
    Relative Method
    $17,282,980
    Geo Method
    $49,288,100
  • Alternative Use

    Use
    Valuation
    Residential
    $18,404,586
    Hospitality
    $16,858,502
    Educational
    $14,026,076
    Medical
    $14,508,455
    Retail
    $21,818,340
2530 David H Mcleod Blvd, Florence, South Carolina

Location Insight

City
Florence
County
Florence
State
South Carolina
Latitude
34.187
Longitude
-79.83
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
$94,360
$61,760
$114,544
$176,304
-
$1,544,000
$2,863,609
$4,407,609

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