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    420 2Nd Loop Rd Florence, SC 29505

    Sponsored
    For Sale
    $1,850,000

    ±7.21 Acres, High Traffic, Utilities Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This ±7.21-acre commercial land parcel presents a unique investment opportunity in Florence, South Carolina. Strategically located on heavily trafficked Second Loop Road, this property boasts approximately 619 feet of road frontage and enjoys exposure to an average daily traffic count of 27,100 vehicles. The site is zoned Florence County B3, providing flexibility for a variety of commercial development projects. Essential utilities, including water, sewer, and natural gas, are readily available, simplifying the development process and reducing upfront costs. The property's expansive size and prime location make it ideal for a wide range of commercial ventures, offering significant potential for growth and return on investment. The asking price for this exceptional property is $1,850,000. The parcel's APN is 90080-01-031. This is a for sale by owner listing.

    Property Features for 420 2Nd Loop Rd

    General Information

    Property type
    Land
    Lot Size
    314,068 SF

    HighLights

    • ±7.21‑acre commercial lot in Florence, SC.
    • Florence County B3 zoning.
    • 619.33' of frontage on heavily trafficked Second Loop Road (27,100 VPD).
    • Water, sewer, and natural gas available.
    • $1,850,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.769312557677
    Latitude
    34.166776490212

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    FAQs

    What type of property is this?
    Land - ±7.21 Acres, High Traffic, Utilities Available
    Where is this land located?
    The property is located at 420 2Nd Loop Rd Florence, SC.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: ±7.21-acre commercial lot in Florence, SC.; Florence County B3 zoning.; 619.33' of frontage on heavily trafficked Second Loop Road (27,100 VPD).
    (843) 667-4999
    Request Owner's contact information
    420 2Nd Loop Rd Florence, SC 29505
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    Florence, SC 29505
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    Realmo Value Estimation

    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.

    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.

    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
    420 2Nd Loop Rd Florence, SC 29505
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