1831 Evans StFlorence, SC 29501

Property Details for 1831 Evans St

Year built

1990

Lot size

2.58 AC

Property size (Sq ft)

48,770 SF

Property type

Retail properties

Property subtype

Banks

APN

90024-02-006

APU

9002402006

Description

This exceptional four-story office building, boasting a prestigious brick façade, presents a unique opportunity in Florence, South Carolina's thriving commercial sector. Located at 1831 W Evans St, this 48,770 square foot property offers multiple tenancy options, with a minimum divisible space of 1,900 square feet and a maximum contiguous space of 11,800 square feet. The building features 173 parking spaces and sits on a 2.58-acre lot, zoned Commercial General in Florence County. Constructed in 1985, the building enjoys a prime location with easy access to all areas of Florence, and is conveniently situated approximately 2.5 miles from the Federal and County courthouses. Currently, several corporate tenants occupy the building, including a Truist Bank anchor on the first floor, creating a vibrant and established corporate atmosphere. Immediately available suites include Suite 240, offering 2,029 rentable square feet with two private offices, a large open bullpen area, and a storage room

• CAP approach

  CAP return

  Valuation

  6%

  $9,980,347

  6.5%

  $9,212,628

  7%

  $8,554,583

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,297,456

  Geo Method

  $20,811,954

• Alternative Use

  Use

  Valuation

  Residential

  $7,771,196

  Hospitality

  $7,118,374

  Educational

  $5,922,404

  Medical

  $6,126,084

  Retail

  $9,212,628

Location Insight

City

Florence

County

Florence

State

South Carolina

Latitude

34.1962

Longitude

-79.8015

CBSA code

22500

CBSA name

FLORENCE, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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