Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    310 Palmetto St Sumter, SC 29151

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    Turnkey property with multiple use potential on over 2 acres.

    Property size:
    5,372 SF
    Lot size:
    2.07 Acres

    Property Features for 310 Palmetto St

    General Information

    Standard status
    Active
    Size
    5,372 SF
    Lot size
    2.07 Acres

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Glen T Levine
    Source: Exitrealty

    Listing Agency: Keller Williams Realty Listing Agent: Glen T Levine

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Turnkey Opportunity in Sumter, SC

    This property presents a turnkey opportunity with multiple potential uses, previously utilized as a masonic lodge. The site includes a building ready for immediate use as an event center, daycare for adults or children, or a restaurant. An additional building, formerly a masonic lodge, requires renovation. Both properties are situated on just over 2 acres, encompassing one city block. The turnkey-ready building features separate restrooms for men and women, each equipped with multiple stalls, along with two office spaces. The dining area includes a sitting area with tables and chairs, complemented by a full countertop bar. A commercial kitchen is equipped with appliances, including coolers. Additional features include a DJ booth, a dance floor, and a sitting area with tables and chairs. A 53-foot metal storage container is also included in the sale. The property size is 5372 square feet.
    Location Intelligence

    Current Use by Public Records

    American Legion Post ... Charitable Organization

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sumter
    County
    Sumter
    State
    South Carolina
    Longitude
    -80.3490554
    Latitude
    33.8991687

    Nearby Similar for Sale

    • $450,000
      5,372 SF

      Turnkey Commercial Opportunity in Sumter

      Versatile commercial property with multiple potential uses in Sumter, SC.
      310 Palmetto St, Sumter, SC 29151
      View Details
    • $795,000
      7,337 SF

      Medical Office Building For Sale

      Spacious medical office building with multiple rooms and ample storage.
      407 N Salem Ave, Sumter, SC 29150
      View Details
    • $500,000
      6,000 SF

      Versatile Commercial Space in Sumter

      6000 SF commercial space suitable for office, school, daycare.
      921 Carolina Ave, Sumter, SC 29150
      View Details
    • $400,000
      Pending

      Sumter Commercial Property For Sale

      Highly visible commercial building on 0.88 acres in Sumter, SC.
      995 N Pike W, Sumter, SC 29153
      View Details
    • $350,000
      3,600 SF

      Prime Commercial Property Near Hospital

      Exceptional investment opportunity in downtown Sumter, across from Tuomey Hospital.
      213 W Hampton Dr, Sumter, SC 29150
      View Details
    • New
      $550,000
      4,186 SF

      Versatile Commercial Building in Sumter

      Adaptable commercial space suitable for office, retail, or salon.
      25 N Guignard Dr, Sumter, SC 29150
      View Details
    • New
      $250,000
      5,089 SF

      Versatile Professional Office Building

      Spacious office building with adaptable layout in Sumter, SC.
      430 N Main St, Sumter, SC 29150
      View Details
    • $1,350,000
      Pending

      Neoclassical Mansion Event Venue

      Sumter, SC: Historic mansion ideal as event venue.
      120 E Liberty St, Sumter, SC 29150
      View Details
    • $1,850,000
      23,175 SF

      Former Assisted Living Facility

      Value-add investment opportunity with flexible reuse potential in Sumter, SC.
      1267 N Main St, Sumter, SC 29153
      View Details
    • $199,000
      1,503 SF

      Versatile Commercial Property in Sumter

      Commercial property ideal for automotive sales, service, or other businesses.
      30 S Pike E, Sumter, SC 29150
      View Details
    • $213,900
      1,367 SF

      Spacious Duplex in Stillpointe Community

      3-bedroom, 2-bath duplex near Shaw AFB and USC Sumter.
      375 Conifer St, Sumter, SC 29154
      View Details
    • $149,000
      3,379 SF

      Downtown Sumter Vacant Commercial Building

      Vacant building in downtown Sumter with unlimited possibilities.
      134 S Main St, Sumter, SC 29150
      View Details

    FAQs

    What type of property is this?
    Wedding venue - Turnkey property with multiple use potential on over 2 acres.
    Where is this wedding venue located?
    The property is located at 310 Palmetto St Sumter, SC.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Turnkey property suitable for multiple uses.; - **Includes a fully equipped commercial kitchen with appliances and coolers.**; - **Features a dance floor, DJ booth, and seating area with tables and chairs.**
    (803) 772-5858
    Request Owner's contact information
    310 Palmetto St Sumter, SC 29151
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    310 Palmetto St
    Sumter, SC 29151
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    310 Palmetto St Sumter, SC 29151
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Glen T Levine
    Real Estate License ID: 101732
    (803) 772-5858 (803) 518-4049 (727) 772-0772
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!