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    1945 Palmetto St Florence, SC 29501

    Sponsored
    For Lease
    Contact for pricing

    Prime Florence, SC retail center

    Lot size:
    329,345 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This prominent Florence, South Carolina shopping center, located at the high-traffic "Five Points" intersection of West Palmetto Street, Hoffmeyer Road, and S Cashua Drive, offers exceptional retail opportunities. Boasting over 329,345 square feet of space, the Florence Mall is anchored by Food Lion and features a diverse tenant mix including national brands like Starbucks, Talbots, TJ Maxx, Ross Dress for Less, Ulta Beauty, Jo-Ann Fabrics, and Petco. Currently, there are multiple spaces available, ranging from 2,501 to 8,422 contiguous square feet, with a total of 25,787 square feet currently vacant. Built in 1969 and renovated in 2002, the property provides ample parking with 1,972 spaces. The mall enjoys high visibility and accessibility from multiple major roadways, experiencing daily traffic counts ranging from 11,000 to 18,700 vehicles. This strategically located center serves as a retail hub for the surrounding Pee Dee Region, offering a unique chance to establish or expand your business within a thriving community. The property is situated on an entire city block, providing excellent visibility and access from West Evans Street, S Cashua Drive, Hoffmeyer Road, and David McLeod Blvd Ext.

    Property Features for 1945 Palmetto St

    General Information

    Property type
    Shopping malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    329,345 SF

    Building Details

    Year Built/Renovated
    1969/2002

    Unit(s) available at that property

    Space
    Suite 590
    Size
    3,346 SF
    Space
    Suite 70
    Size
    4,793 SF
    Space
    Suite 390
    Size
    29,356 SF
    Space
    Suite 400
    Size
    10,205 SF
    Space
    Suite 405
    Size
    2,112 SF
    Space
    Suite 580
    Size
    3,560 SF

    HighLights

    • Anchored by Food Lion, TJ Maxx, Ulta, and Ross Dress for Less.
    • Key tenants include Starbucks and Petco.
    • 329,345 square feet of gross leasable area (GLA).
    • 5.98 parking spaces per 1,000 square feet.
    • Built in 1969, renovated in 2002; High daily traffic counts ranging from 11,000 to 18,700 vehicles on surrounding roadways.
    Property Profile Location Intelligence

    Current Use by Public Records

    T.J. Maxx Department Store Stein Mart Department Store Palm Beach Tan Tanning Salon Boot Barn Boot Store Redbox Movie Rental Kiosk

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.8106322
    Latitude
    34.1882291

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    FAQs

    What type of property is this?
    Shopping mall - Prime Florence, SC retail center
    Where is this shopping mall located?
    The property is located at 1945 Palmetto St Florence, SC.
    What are key features of this property?
    This property features: Anchored by Food Lion, TJ Maxx, Ulta, and Ross Dress for Less.; Key tenants include Starbucks and Petco.; 329,345 square feet of gross leasable area (GLA).
    Request Owner's contact information
    1945 Palmetto St Florence, SC 29501
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    Florence, SC 29501
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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
    1945 Palmetto St Florence, SC 29501
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