435 Georgetown HwyJohnsonville, SC 29555

Property Details for 435 Georgetown Hwy

Year built

1969

Lot size

2.41 AC

Property size (Sq ft)

14,440 SF

Property type

Outlet malls

APN

00433-05-104

APU

43305104

Description

This expansive 22,000 square foot commercial building presents a unique investment opportunity in Johnsonville, South Carolina. Situated on a 2.42-acre lot with excellent highway frontage on Georgetown Highway, this climate-controlled facility boasts ample space for a variety of uses. Previously configured as a bowling alley and skating rink, the building has more recently served as a heated and cooled storage facility, complete with a convenient loading dock. The interior features numerous offices, restrooms, and substantial storage areas, providing flexibility for diverse business needs. The property is being sold "as-is," offering a blank canvas for creative redevelopment or continued use as a storage facility. Its size, location, and existing infrastructure make it an attractive prospect for entrepreneurs and investors seeking a substantial property with significant upside potential. The building's substantial square footage and versatile layout offer a multitude of possibilities for adaptive reuse, catering to a wide range of commercial ventures. The prominent highway location ensures high visibility and accessibility, making it an ideal site for businesses seeking strong exposure to passing traffic. This is a rare opportunity to acquire a large-scale commercial property in a growing area at an attractive price point. Don't miss out on this chance to capitalize on the potential of this exceptional Johnsonville property.

• CAP approach

  CAP return

  Valuation

  6%

  $4,398,488

  6.5%

  $4,060,143

  7%

  $3,770,132

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,253,137

  Geo Method

  $6,162,080

• Alternative Use

  Use

  Valuation

  Residential

  $3,424,882

  Hospitality

  $3,137,174

  Educational

  $2,610,092

  Medical

  $2,699,857

  Retail

  $4,060,143

Location Insight

City

Johnsonville

County

Florence

State

South Carolina

Latitude

33.8088

Longitude

-79.4432

CBSA code

22500

CBSA name

FLORENCE, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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