Vacant Convenience Store and Gas
For Sale
Contact for pricing
Pending
4011 E Palmetto St, Florence, SC 29506
Vacant 2,957 SF c-store paired with a 76-branded gas station at 4011 E Palmetto St in Florence, SC.
Property Size2,957 SF
Days on Market247
Property Features for 4011 E Palmetto St
General Information
Standard status
Pending
Size
2,957 SF
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
1987
Year Renovated
2023
Listing Agency:
Matthews
Listed By:
Andrew Ivankovich · License #TX 678815
Source:
Crexi
Added: Feb 18
Changed: Oct 11
Last Checked: Oct 20 at 8:36PM
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 Matthews
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Matthews Real Estate is pleased to offer for sale a vacant convenience store and 76-branded gas station. The property includes a 2,957 SF c-store and operates as a branded gas station with the 76 brand.
The asset is located at 4011 E Palmetto St in Florence, South Carolina, on a commercial corridor.
This offering is presented as ready for a new operator to take over the existing c-store and branded gas station configuration.
The asset is located at 4011 E Palmetto St in Florence, South Carolina, on a commercial corridor.
This offering is presented as ready for a new operator to take over the existing c-store and branded gas station configuration.
Key Highlights
- ±2,957 SF vacant C‑store and 76‑branded gas station for sale
- Located at 4011 E Palmetto St in Florence, SC
- Property built in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,861
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,220
$597.2K
Cap Rate 7%
$426,586
$426.6K
Cap Rate 9%
$331,789
$331.8K
Market Conditions
NOI Build-Up for 2,957 SF
Gross rent
$41.5K $14.04/SF
− Vacancy
−$1.7K −$0.58/SF
EGI
$39.8K $13.46/SF
− OpEx
−$10.0K −$3.37/SF
NOI
$29.9K $10.10/SF
Area
Florence County, SC
Vacancy
4.10%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,220
Cap Rate 7%
$426,586
Cap Rate 9%
$331,789
Alternative Uses
Best Use
Specialty Retail
$426.6K
$373.3K – $497.7K
NOI $29,861 @ 7.0% cap · market cap 3.76%
Second Best
Retail
$302.7K
$264.9K – $353.2K
NOI $21,190 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$435.9K
$381.5K – $508.6K
NOI $30,516 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
4,249 visits/mo
0.1 miles
Demographics for 29506, SC
19,967
Population
8,710
Households
2.3
Avg Household Size
37
Median Age
15%
College-Educated
80%
High-School Grad
120.8 sq mi
ZIP Area
165
Density / Sq Mi
$38,441
Median Household Income
$25,677
Median Earnings
$802
Median Rent
$114,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Vacant 2,957 SF c-store paired with a 76-branded gas station at 4011 E Palmetto St in Florence, SC.
Where is this gas station located?
The property is located at 4011 E Palmetto St Florence, SC.
What is the asking price?
The asking price for this property is $795,072.
What are key features of this property?
This property features: ±2,957 SF vacant C‑store and 76‑branded gas station for sale; Located at 4011 E Palmetto St in Florence, SC; Property built in 1987
