207 Lucas StFlorence, SC 29501

  • Retail properties
  • 2,624 SF
For Sale
$1,600,000 View listing

Property Details for 207 Lucas St

Year built
1988
Lot size
0.54 AC
Property size (Sq ft)
2,624 SF
Zone code
R4
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
90085-04-002
APU
9008504002

Description

Profitable convenience store with 8 gas pumps, located on a major intersection in Florence, SC. High traffic counts, excellent visibility, and significant potential for growth. $1.6M asking price.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $634,279
    6.5%
    $585,488
    7%
    $543,668
  • Comparable approach

    Method
    Valuation
    Relative Method
    $476,477
    Geo Method
    $1,119,757
  • Alternative Use

    Use
    Valuation
    Residential
    $493,881
    Hospitality
    $452,393
    Educational
    $376,385
    Medical
    $389,330
    Retail
    $585,488
207 Lucas St, Florence, South Carolina

Location Insight

City
Florence
County
Florence
State
South Carolina
Latitude
34.2056
Longitude
-79.7691
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
$8,028
$6,273
$8,730
$15,003
-
$156,816
$218,239
$375,055

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