1416 Pamplico HwyFlorence, SC 29505

Property Details for 1416 Pamplico Hwy

Year built

1993

Lot size

0.27 AC

Property size (Sq ft)

2,250 SF

Property type

Retail properties

Property subtype

Auto shops

APN

90123-07-030

APU

9012307030

Description

This exceptional 2,250 square foot commercial property, situated on a 0.26-acre lot at 1416 Pamplico Hwy in Florence, SC, presents a rare investment opportunity. Boasting a highly visible corner location with ample parking, this building has served as a successful automotive and diesel repair shop for over three decades, benefiting from consistent high traffic volume. The South Carolina Department of Transportation recorded an average daily traffic count of 22,700 vehicles in 2023 on Pamplico Highway, ensuring significant exposure for any business. The property features four spacious shop bays, perfect for various commercial applications, along with a convenient office/reception area and a restroom. The B-3 zoning in Florence County allows for a wide range of potential uses, making this a versatile and adaptable space. The building's established presence and prime location offer immediate recognition and a strong foundation for future success. This is a unique chance to acquire a well-positioned commercial property in a thriving area with high visibility and significant traffic flow. The property's history as a successful automotive repair shop speaks to its inherent value and potential for continued success in a variety of commercial ventures. Don't miss this opportunity to own a piece of Florence's commercial landscape. The asking price is $2750.

• CAP approach

  CAP return

  Valuation

  6%

  $643,086

  6.5%

  $593,618

  7%

  $551,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $479,209

  Geo Method

  $960,158

• Alternative Use

  Use

  Valuation

  Residential

  $500,739

  Hospitality

  $458,674

  Educational

  $381,611

  Medical

  $394,735

  Retail

  $593,618

Location Insight

City

Florence

County

Florence

State

South Carolina

Latitude

34.1555

Longitude

-79.746

CBSA code

22500

CBSA name

FLORENCE, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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