Medical Office Building with
For Sale
$1,650,000
1706 2nd Loop Rd., Florence, SC 29501
COMMERCIAL - Florence, SC
Property Size8,291 SF
Lot Size1.34 Acres
Price / SF$199.01
Days on Market22
Property Features for 1706 2nd Loop Rd.
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Freestanding
Subdivision
FLORENCE
Standard status
Active
Size
8,291 SF
Lot size
1.34 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1996
Flooring type
Tile
Building materials
Brick
Listing Agency:
C/B McMillan and Assoc. · Coldwell Banker Real Estate
(843) 667-1100
Listed By:
William McMillan · License #19719
(843) 601-7710
Added: Jul 10
Last Checked: Jul 30 at 11:06PM
MLS# 2602795
Copyright © 2026 Pee Dee Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1706 2nd Loop Rd. presents an 8,300-square-foot commercial facility on 1.34 acres, configured as a former cardiology practice. The building includes 13 exam rooms, an X-ray room, a reception lobby, multiple executive and administrative offices, a board room, and extensive storage with a fully floored attic.
Exterior improvements include a covered patient drop-off, a four-bay carport, and 62 parking spaces, supporting patient and staff access.
The property is listed as being located under CI zoning, and is offered as a turnkey opportunity for medical, professional, or institutional use.
Exterior improvements include a covered patient drop-off, a four-bay carport, and 62 parking spaces, supporting patient and staff access.
The property is listed as being located under CI zoning, and is offered as a turnkey opportunity for medical, professional, or institutional use.
Key Highlights
- 8,300 sq ft commercial facility on 1.34 acres with CI zoning
- Former cardiology practice with 13 exam rooms plus X‑ray room
- Includes reception lobby, executive and administrative offices, and board room
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.3k | $17.04 |
| − Vacancy | −$12.0k | −$1.45 |
| EGI | $129.3k | $15.59 |
| − OpEx | −$51.7k | −$6.24 |
| NOI | $77.6k | $9.35 |
8,291 SF · lease $17.04/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.11M
$969.5K – $1.29M
NOI $77,562 @ 7.0% cap · market cap 4.70%
Second Best
Office B
$934.6K
$817.8K – $1.09M
NOI $65,422 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,563 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29501, SC
46,528
Population
20,713
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
93%
High-School Grad
52.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,618
Median Household Income
$46,246
Median Earnings
$995
Median Rent
$220,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Palmetto Animal Hospital: Dr. Dolly Anderson, DVM — 2221 2nd Loop Rd, Florence, SC 29501
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey medical office facility featuring 13 exam rooms, X-ray room, and 62 parking spaces.
Where is this medical office space located?
The property is located at 1706 2nd Loop Rd. Florence, SC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 8,300 sq ft commercial facility on 1.34 acres with CI zoning; Former cardiology practice with 13 exam rooms plus X‑ray room; Includes reception lobby, executive and administrative offices, and board room
