147 Ron Mcnair BlvdLake City, SC 29560

  • Retail properties
  • 2,819 SF
For Sale
$850,000 View listing

Property Details for 147 Ron Mcnair Blvd

Year built
1988
Lot size
0.61 AC
Property size (Sq ft)
2,819 SF
Zone code
HB
Property type
Retail properties
Property subtype
Drive through restaurants
APN
80008-18-016
APU
8000818016

Description

This exceptional 2,819-square-foot vacant quick-service restaurant (QSR) building is ideally situated on a 0.73-acre lot at the corner of S Ron McNair Blvd (US-52) and Wilcox St in Lake City, South Carolina. The property boasts excellent visibility and accessibility with three convenient access points: two curb cuts on Ron McNair Blvd and one on Wilcox St. Benefit from high traffic volume, averaging approximately 15,000 vehicles daily. The existing infrastructure includes a drive-thru lane, ample parking for 29 vehicles, a ready-made patio seating area, and prominent pylon signage. The building is ready for immediate occupancy. Lake City's strategic location, midway between Columbia and Myrtle Beach, SC, and approximately 25 miles south of Florence, SC, ensures a strong customer base. The area is densely populated with numerous national and regional retailers, including Burger King, Hardee's, McDonald's, Subway, Pizza Hut, Advance Auto, Tractor Supply, T-Mobile, Bojangles, Wendy's, Taco Bell, and a soon-to-open Dunkin'. This turnkey property presents a unique opportunity for a savvy investor or operator seeking a high-traffic location with established infrastructure. The asking price is $850,000, with a price per square foot of $301.53. This is a single-unit building on a single lot.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $858,680
    6.5%
    $792,628
    7%
    $736,011
  • Comparable approach

    Method
    Valuation
    Relative Method
    $635,083
    Geo Method
    $1,202,971
  • Alternative Use

    Use
    Valuation
    Residential
    $668,611
    Hospitality
    $612,444
    Educational
    $509,546
    Medical
    $527,070
    Retail
    $792,628
147 Ron Mcnair Blvd, Lake City, South Carolina

Location Insight

City
Lake City
County
Florence
State
South Carolina
Latitude
33.873
Longitude
-79.7607
CBSA code
22500
CBSA name
FLORENCE, SC METROPOLITAN STATISTICAL AREA

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
$19,139
$4,339
$24,661
$29,000
-
$108,472
$616,529
$725,001

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