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

    191-201 Highway 1 South Cheraw, SC 29520

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,000

    Commercial property with three buildings and vacant lot for sale.

    Property size:
    4,000 SF
    Lot size:
    0.50 Acres

    Property Features for 191-201 Highway 1 South

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Lot size
    0.50 Acres

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Blake Jacobs
    Blake Jacobs
    Source: Exitrealty

    Listing Agency: Palmetto Realty Chesterfield SC, LLC Listing Agent: Blake Jacobs

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

    Learn more

    Overview

    Highway Commercial Corner Lot

    This commercial property is located on a corner lot along US Highway 1. The property includes three separate buildings and a vacant lot, totaling 4,000 square feet. Each building has its own bathroom, front and rear entrances, and has been recently renovated with new flooring, paint, and hot water heaters. Building 1 offers approximately 2,200 square feet of space, Building 2 features around 1,100 square feet, and Building 3 provides approximately 900 square feet. The property is suitable for investment with rental potential or entrepreneurial ventures.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheraw
    County
    Chesterfield
    State
    South Carolina
    Longitude
    -79.8964921
    Latitude
    34.6895289

    Nearby Similar for Sale

    • $699,500
      2.47 Acres

      Cheraw Retail Investment Opportunity

      Retail property in Cheraw, SC with income and growth potential.
      908 Chesterfield Hwy, Cheraw, SC 29520
      View Details
    • $160,000
      1,200 SF

      Cheraw Office Building For Sale

      Brick office building near Cheraw's Historic District.
      211 Kershaw St, Cheraw, SC 29520
      View Details
    • New
      $199,000
      0.45 Acres

      Four Income-Generating Properties in Cheraw

      Four residential income properties with solid rental history in Cheraw.
      116/122/124/126 Godfrey St, Cheraw, SC 29520
      View Details
    • Contact for pricing

      Commercial Flex-Building in Cheraw, SC

      Commercial flex-building with retail/office space and garage/storage area.
      185 Highway 1 South, Cheraw, SC 29520
      View Details
    • $2,400,000

      Cheraw Industrial Property for Sale

      15-acre industrial property with three warehouse buildings totaling 55,000 SF.
      17 Stokes St, Cheraw, SC 29520
      View Details
    • Contact for pricing
      996 SF

      New Church's Chicken Restaurant ForSale

      New 2025 construction Church's Chicken with long-term NNN lease.
      144 Chesterfield Hwy, Cheraw, SC 29520
      View Details
    • Contact for pricing

      Cheraw Specialty Property For Sale

      Specialty property available for purchase in Cheraw, South Carolina.
      420 Chesterfield Hwy, Cheraw, SC 29520
      View Details
    • $450,000
      6,821 SF

      Downtown Cheraw Commercial Gem

      Historic building, prime location, high potential
      165 Market Street Ct, Cheraw, SC 29520
      View Details
    • $325,000
      4,000 SF

      Cheraw Commercial Trio - Highway 1

      Three Buildings, Half-Acre Lot, High Traffic
      191 Highway 1, Cheraw, SC 29520
      View Details
    • $274,000
      1.10 Acres

      Highway 9 Commercial Gem

      Charming Cheraw Commercial Building with Apartment
      3357 Highway 9, Cheraw, SC 29520
      View Details
    • $239,999
      8,590 SF

      Prime Cheraw Auto Business Opportunity

      High-visibility, 8,590 SF building on 0.6 acres
      185 Highway 1, Cheraw, SC 29520
      View Details
    • $99,000
      0.14 Acres

      118 Kershaw St, Cheraw, SC 29520

      Commercial real estate • 0.14 Acres
      118 Kershaw St, Cheraw, SC 29520
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property with three buildings and vacant lot for sale.
    Where is this commercial land located?
    The property is located at 191-201 Highway 1 South Cheraw, SC.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Prime corner lot location on busy US Highway 1.; - Three separate buildings on over half an acre.; - Each building has its own bathroom, front and rear entrances.
    (843) 910-4395
    Request Owner's contact information
    191-201 Highway 1 South Cheraw, SC 29520
    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.
    191-201 Highway 1 South
    Cheraw, SC 29520
    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
    191-201 Highway 1 South Cheraw, SC 29520
    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
    Blake Jacobs
    Blake Jacobs
    Real Estate License ID: 131239
    (843) 910-4395 (843) 623-9800
    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!