1101 Sand Bar Ferry RdBeech Island, SC 29842
- Retail properties
- 1,700 SF
Property Details for 1101 Sand Bar Ferry Rd
- Year built
- 1955
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.57 AC
- Property size (Sq ft)
- 1,700 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 026-10-01-008
- APU
- 261001008
Description
This exceptional investment opportunity presents a vacant, 2,964 square foot retail property situated on a 3.46-acre lot in Beech Island, South Carolina. The property, built in 1978 and classified as Class C, features a main building previously used as an auto repair shop, complete with two car lifts and multiple roll-up doors. An additional building, formerly used as office space, is currently a shell and requires substantial repairs. The combined structures sit on a larger parcel with some undeveloped land, offering potential for expansion or redevelopment. The property is conveniently located at 1101 Sand Bar Ferry Rd, less than a third of a mile from the Savannah River, in a commercially zoned area (APN: 026-10-01-007). The asking price is $240,000, translating to $80.97 per square foot. This is a single-unit property with a vacant tenancy, presenting a unique chance for investors to secure a prime location with significant upside potential. The property's strategic location and ample land offer a variety of potential uses, making it an attractive investment for those seeking a high-return opportunity in a growing market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $375,831
- 6.5%
- $346,921
- 7%
- $322,141
-
Comparable approach
- Method
- Valuation
- Relative Method
- $313,462
- Geo Method
- $352,702
-
Alternative Use
- Use
- Valuation
- Residential
- $292,641
- Hospitality
- $268,057
- Educational
- $223,021
- Medical
- $230,691
- Retail
- $346,921
Location Insight
- City
- Beech Island
- County
- Aiken
- State
- South Carolina
- Latitude
- 33.4394
- Longitude
- -81.9049
- CBSA code
- 12260
- CBSA name
- AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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