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Corner Storefront Redevelopment Opportunity
For Sale
$179,000

400 Cheves Street, Florence, SC 29501

Corner storefront in Downtown Florence with redevelopment potential near major local education and redevelopment projects.

Property SizeContact for details
Days on Market3420

Property Features for 400 Cheves Street

General Information

Standard status Active
Property subtype General Commercial

Amenities

3
Corner Lot.
Corner, In City.

Building Details

Year Built 1947
Listing Agency: Griggs, Floyd, and Grantham In
Listed By: John DeBerry
Source: Xome
Added: Apr 29, 2017 Changed: Sep 1 Last Checked: Sep 7 at 4:43AM

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 Griggs, Floyd, and Grantham In

Investment Insights

Based on property information with market context.

This corner storefront offers a redevelopment opportunity in the heart of Downtown. The property is presented for sale as a retail-focused asset with strong area interest tied to nearby institutional and redevelopment activity.

The site is located across from the FDTC nursing school and about one block from the Urban Square, a $60 million development project. It is also described as two blocks from the Drs. Bruce & Lee Foundation’s $12.5 million redevelopment of the Circle Park facility.

With its corner position and proximity to ongoing investments in medical education and public amenities, the property may be of interest to buyers looking to reposition a retail storefront in an actively evolving Downtown area.

Key Highlights

  • Corner lot storefront in Downtown Florence, located in‑town (corner, in city).
  • Year built: 1947.
  • Guest facilities: 3.

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Kitchen & Bath Showroom Garden Center Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,895
Businesses Nearby
45k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 63% Dining 22% Hotels & Casinos 10% Home Improvements & Furnishings 3%
Dollar Tree Shops & Services
13,370 visits/mo 0.3 miles
El Agave Dining
7,321 visits/mo 0.3 miles
Wells Fargo Shops & Services
5,975 visits/mo 0.4 miles
Hyatt Place Florence / Downtown Hotels & Casinos
4,449 visits/mo 0.4 miles
Shell Shops & Services
4,428 visits/mo 0.4 miles

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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

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  • Consider the Lilies 184 W Evans St, Florence, SC 29501
  • Margaret's Florist 928 W Marion St, Florence, SC 29501

Frequently Asked Questions

What type of property is this?
Storefront property - Corner storefront in Downtown Florence with redevelopment potential near major local education and redevelopment projects.
Where is this storefront property located?
The property is located at 400 Cheves Street Florence, SC.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Corner lot storefront in Downtown Florence, located in‑town (corner, in city).; Year built: 1947.; Guest facilities: 3.
More about this property
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