181 Palmetto StFlorence, SC 29506

Property Details for 181 Palmetto St

Lot size

0.14 AC

Property size (Sq ft)

3,900 SF

Zone code

B3

Property type

Day care centers & nurseries

APN

90087-03-003

APU

9008703003

Description

This exceptional commercial land offering presents a unique investment opportunity in the thriving city of Florence, South Carolina. Located at 181 E Palmetto Street, this 3,900 square foot lot is zoned for commercial use and offers significant potential for development. The property includes the adjacent lot at 199 E. Palmetto Street, expanding the total usable area. This strategic location provides convenient access via Palmetto Street or Cheves Street, leading directly to Railroad Avenue, ensuring high visibility and easy accessibility for businesses and customers. The asking price for this prime commercial land is $520,000, representing a compelling value in the current market. The property's versatility makes it suitable for a wide range of commercial ventures, from retail establishments to light industrial uses. Its prime location in Florence, SC, offers access to a robust local economy and a growing population. This is an exceptional chance to acquire a significant commercial property in a desirable location, poised for future growth and profitability. The property's address is 181 E Palmetto Street, Florence, SC 29506. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $673,619

  6.5%

  $621,802

  7%

  $577,388

• Comparable approach

  Method

  Valuation

  Relative Method

  $352,110

  Geo Method

  $759,490

• Alternative Use

  Use

  Valuation

  Residential

  $788,782

  Hospitality

  $722,520

  Educational

  $601,128

  Medical

  $621,802

  Retail

  $935,089

Location Insight

City

Florence

County

Florence

State

South Carolina

Latitude

34.1941

Longitude

-79.764

CBSA code

22500

CBSA name

FLORENCE, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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