Historic Downtown Office
248-260 W Evans st. Florence, SC 29506
248-260 W Evans st., Florence, SC, 29506
Contact for pricing
For Sale
Contact for pricing
Historic office building in downtown Florence with multiple tenant suites and over 100 parking spaces.
Property Size16,304 SF
Lot Size1.47 Acres
Price / SF$165.60
Days on Market135
Property Features for 248-260 W Evans st.
General Information
- Standard status
- Active
- Size
- 16,304 SF
- Lot size
- 1.47 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1939
Listing agency
Coldwell Banker Commercial Seaboard McMillan
(843) 601-7710
Listed by
William J. McMillan Jr. · License #19719
Source
Crexi
Added: Mar 11 Updated: Jul 23 at 12:34AM Checked: Jul 23 at 12:34AM
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 Coldwell Banker Commercial Seaboard McMillan
Investment Insights
Based on property information with market context.
This historic office building offers approximately 16,300 square feet of versatile interior space currently occupied by a law firm, H&R Block, and a hair studio. The law firm portion includes 23 offices, multiple boardrooms and meeting spaces, a designated reception and waiting area, a kitchen area, a library, and 7 bathrooms. The building’s configuration supports a mix of private offices and collaborative meeting space.
The property is located in the heart of downtown Florence, SC, with more than 100 parking spaces available on site. Spanning 1.47 acres, it provides a substantial footprint for a downtown setting.
The existing tenant layout and sizable parking count make this building workable for continued office use, professional services, or redevelopment into other uses where the existing improvements can be leveraged.
The property is located in the heart of downtown Florence, SC, with more than 100 parking spaces available on site. Spanning 1.47 acres, it provides a substantial footprint for a downtown setting.
The existing tenant layout and sizable parking count make this building workable for continued office use, professional services, or redevelopment into other uses where the existing improvements can be leveraged.
Key Highlights
- Historic 1939 commercial office building totaling 16,000 SF in downtown Florence, SC
- Currently leased/occupied by a law firm (13,759 SF), H&R Block (1,977 SF), and a hair studio (568 SF)
- Law firm suite features 23 offices, 7 bathrooms, 8 boardrooms/meeting spaces, kitchen, library, plus reception and waiting areas
Local Financial Insights For Office B
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 | $205.4k | $12.60 |
| − Vacancy | −$33.9k | −$2.08 |
| EGI | $171.5k | $10.52 |
| − OpEx | −$42.9k | −$2.63 |
| NOI | $128.7k | $7.89 |
16,304 SF · lease $12.60/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.14M
NOI $128,651 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,257 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Historic office building in downtown Florence with multiple tenant suites and over 100 parking spaces.
Where is this office building located?
The property is located at 248-260 W Evans st. Florence, SC.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Historic 1939 commercial office building totaling 16,000 SF in downtown Florence, SC; Currently leased/occupied by a law firm (13,759 SF), H&R Block (1,977 SF), and a hair studio (568 SF); Law firm suite features 23 offices, 7 bathrooms, 8 boardrooms/meeting spaces, kitchen, library, plus reception and waiting areas
