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    181 Palmetto St Florence, SC 29506

    Sponsored
    For Sale
    $520,000

    Prime 3,900 SF lot, $520,000

    Property size:
    3,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land offering presents a unique investment opportunity in the thriving city of Florence, South Carolina. Located at 181 E Palmetto Street, this 3,900 square foot lot is zoned for commercial use and offers significant potential for development. The property includes the adjacent lot at 199 E. Palmetto Street, expanding the total usable area. This strategic location provides convenient access via Palmetto Street or Cheves Street, leading directly to Railroad Avenue, ensuring high visibility and easy accessibility for businesses and customers. The asking price for this prime commercial land is $520,000, representing a compelling value in the current market. The property's versatility makes it suitable for a wide range of commercial ventures, from retail establishments to light industrial uses. Its prime location in Florence, SC, offers access to a robust local economy and a growing population. This is an exceptional chance to acquire a significant commercial property in a desirable location, poised for future growth and profitability. The property's address is 181 E Palmetto Street, Florence, SC 29506. Serious inquiries are encouraged.

    Property Features for 181 Palmetto St

    General Information

    Property type
    Land
    Square Feet
    3,900 SF

    HighLights

    • $520,000 asking price.
    • 3,900 square foot lot.
    • Special purpose commercial land.
    • Located at 181 E Palmetto Street, Florence, SC 29506.
    • Includes adjacent lot 199 E. Palmetto.
    • Access from Palmetto Street, Cheves Street, and Railroad Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grace Cathedral Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.7639924
    Latitude
    34.1940872

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    FAQs

    What type of property is this?
    Land - Prime 3,900 SF lot, $520,000
    Where is this land located?
    The property is located at 181 Palmetto St Florence, SC.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: $520,000 asking price.; 3,900 square foot lot.; Special purpose commercial land.
    Request Owner's contact information
    181 Palmetto St Florence, SC 29506
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    Florence, SC 29506
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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
    181 Palmetto St Florence, SC 29506
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