8451 Hemingway HwyKingstree, SC 29556

  • Commercial real estate
  • 1,800 SF
For Sale
$199,900 View listing

Property Details for 8451 Hemingway Hwy

Lot size
2.80 AC
Property size (Sq ft)
1,800 SF
Property type
Commercial real estate
APN
45-274-065
APU
45274065

Description

This exceptional commercial property, located at 8451 Hemingway Highway in Kingstree, South Carolina, presents a unique investment opportunity. Previously operating as a restaurant, this turnkey business is ready for immediate use. The sale includes all existing kitchen equipment, such as a buffet and various cooking appliances. A significant feature is the substantial outdoor cooking area, boasting a 20x18 foot BBQ pit equipped with two large, industrial-sized grills. The property sits on a 0.04-acre corner lot, providing extensive parking for customers and employees. Its prime location on heavily trafficked State Highway 261 offers 311 feet of road frontage, ensuring high visibility and accessibility. The strategic location offers easy access to several major cities, including Myrtle Beach (66 miles), Manning (32 miles), Georgetown (36 miles), and Sumter (49 miles). The property's current configuration and location offer potential for diverse uses, including the possibility of adding gas pumps to create a combined gas station and restaurant, given the relative scarcity of gas stations in the immediate vicinity. This is a rare opportunity to acquire a well-situated commercial property with existing infrastructure and significant potential for growth.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $426,924
    Hospitality
    $391,060
    Educational
    $325,358
    Medical
    $336,547
    Retail
    $506,112
8451 Hemingway Hwy, Kingstree, South Carolina

Location Insight

City
Kingstree
County
Williamsburg
State
South Carolina
Latitude
33.7019
Longitude
-79.7021

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
$1,995
$330
$4,040
$4,370
-
$5,500
$67,255
$72,755

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