702 702 Barringer Street, Florence, SC 29501
Corner property with block building, suitable for various uses.
- Added:
- Oct 25, 2022
- Days on Market:
- 1336
- Last Refresh:
- May 13 at 8:45 pm
Property Features for 702 702 Barringer Street
General Information
- Standard status
- Active
- Size
- 1,520 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1955
Listing agent Melissa Hucks License #14539
Listing office Greystone Properties, Llc (843) 625-6893
Listing date Oct 25, 2022
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Greystone Properties, Llc
HighLights
- Prime location near downtown Florence, McLeod Hospital, MUSC Hospital, and Florence Regional Airport.
- High‑traffic corner lot on Barringer and Cohen Street.
- "Activity" zoning allows for a variety of uses.
- Block building with concrete floor.
- Two adjacent properties also for sale.
- Adjoining vacant lot on the corner of Church and Cohen Streets.
Overview
Local Financial Insights For Retail
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 | $17.3k | $11.40 |
| − Vacancy | −$1.8k | −$1.16 |
| EGI | $15.6k | $10.24 |
| − OpEx | −$4.7k | −$3.07 |
| NOI | $10.9k | $7.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Florence
- State
- South Carolina
- Longitude
- -79.762004
- Latitude
- 34.185827