Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Evans Street Commercial Redevelopment Opportunity Title is generated by Realmo AI

    617 W Evans St, Florence, SC 29501

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Standalone building on Evans Street with redevelopment potential.

    Type:Industrial, Mixed Use, Office
    Property size:
    1,200 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $65/SF
    Added:
    Mar 1, 2026
    Days on Market:
    73
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 617 W Evans St

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    0.75 Acres
    Property subtype
    Industrial, Mixed Use, Office

    We can help!

    Listing Contact
    Bobby Tanner

    Listing agent Bobby Tanner License #SC

    Listing office Express Management Group

    Listing date Mar 1, 2026

    Source Crexi

    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 Express Management Group

    HighLights

    • Strategic location on Evans Street, a key corridor leading into Downtown Florence, offering excellent visibility and accessibility.
    • Significant redevelopment potential due to the large ±0.75 acre lot size and favorable location.
    • Affordable entry price point for a standalone commercial property.
    • Versatile Light Industrial zoning allows for a variety of retail, office, and service business uses.
    • ±900 square foot standalone building suitable for immediate use or future modification.
    • Strong upside potential due to location and underlying land value.

    Overview

    This standalone commercial property is located on Evans Street, a main corridor leading into Downtown Florence, SC. The property includes a building of approximately 900 square feet, situated on approximately 0.75 acres. The location offers street frontage, visibility, and redevelopment potential. The property is zoned Light Industrial, which allows for a variety of commercial and service uses. It is suitable for retail, office, or service businesses. It may also be of interest to investors or buyers seeking a strategic location near downtown Florence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.7774851
    Latitude
    34.1969828

    Nearby Similar for Sale

    • $320,000
      2,165 SF

      Remodeled Commercial Building Near Downtown

      Turnkey commercial property in prime location with excellent visibility.
      910 W Evans st, Florence, SC 29501
      View Details
    • $2,700,000
      16,304 SF

      Historic Downtown Florence Commercial Building

      16,000 SF historic building in thriving downtown Florence.
      248-260 W Evans st., Florence, SC 29501-3428
      View Details
    • $785,000

      Florence, SC Mobile Home Portfolio

      High-performing 11-unit mobile home portfolio with strong cash flow.
      3103 Meadowbrook Dr, Flornce, SC 29501
      View Details
    • $79,000
      1,200 SF

      Florence Commercial Building on Evans

      Standalone building on Evans Street with redevelopment potential.
      617 W Evans St, Florence, SC 29501
      View Details
    • $195,000

      Duplex in Florence, South Carolina

      Duplex in Florence, SC. Tenant occupied upstairs unit.
      163 S Sunset Drive, Florence, SC 29501
      View Details
    • $285,000
      2,067 SF

      Commercial Property Near Walmart Market

      Commercial property for sale next to Walmart market in Florence.
      822 S Cashua, Florence, SC 29501
      View Details
    • $950

      Apartment Complex in Florence, SC

      Two-bedroom apartment with modern amenities in Florence, South Carolina.
      116 Apt A6 S Aiken Drive, Florence, SC 29501
      View Details
    • $1,000

      Florence Duplex with Recent Improvements

      Duplex in Florence, SC with recent bathroom upgrades.
      163A S Sunset Drive, Florence, SC 29501
      View Details
    • $199,000

      Florence Duplex with Rental Income

      Brick duplex in Florence, SC, with existing leases.
      906/908 Sherwood Drive, Florence, SC 29501
      View Details
    • $250,900
      2,499 SF

      Turnkey Fish Market Opportunity

      Profitable, equipped fish market for sale in Florence, SC.
      1401 W Darlington Street, Florence, SC 29501
      View Details
    • $429,000
      3,764 SF

      Mixed-Use Property in Great Location

      Mixed-use property, previously commercial, next to medical staffing business.
      605 S Dargan St, Florence, SC 29506
      View Details
    • $449,900

      Florence, SC Income Property

      Income-producing property featuring multiple homes, apartments, and mobile home lots.
      130 N Mustang Road, Florence, SC 29506
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Standalone building on Evans Street with redevelopment potential.
    Where is this mixed-use property located?
    The property is located at 617 W Evans St Florence, SC.
    What is the asking price?
    The asking price for this property is $79,000.
    What are key features of this property?
    This property features: Strategic location on Evans Street, a key corridor leading into Downtown Florence, offering excellent visibility and accessibility.; Significant redevelopment potential due to the large ±0.75 acre lot size and favorable location.; Affordable entry price point for a standalone commercial property.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bobby Tanner
    Real Estate License ID: SC
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    617 W Evans St, Florence, SC 29501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!