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

Retail properties

Property subtype

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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