2530 David H Mcleod BlvdFlorence, SC 29501
- Retail properties
- 115,500 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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