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    505 Piedmont St Westminster, SC 29693

    Sponsored
    For Lease
    Contact for pricing

    1.23-Acre Commercial Lot, High Traffic Area

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1.23-acre commercial lot, located at 505 S Piedmont St, Westminster, SC, presents a unique development opportunity. Situated on Highway 123, the property boasts an impressive approximate annual average daily traffic count of 13,100 vehicles. Previously occupied by a single-family home, the land is now undeveloped and ready for new construction. The parcel offers significant advantages, including readily available utilities in the adjacent row, making infrastructure connection straightforward. Zoned for commercial use in Oconee County, this site is ideally positioned to capitalize on the high traffic volume. A new Spinx convenience store is planned for development less than a quarter-mile away, further enhancing the property's desirability and potential for increased foot traffic. The property is available for sale, ground lease, or build-to-suit options. The year the previous structure was built was 1950. This prime location offers exceptional visibility and accessibility, making it an attractive investment for a variety of commercial ventures. The property's size and location make it suitable for a range of commercial developments, capitalizing on the area's growth and high traffic counts. Contact for details.

    Property Features for 505 Piedmont St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    0 SF

    HighLights

    • 1950 Construction.
    • 505 S Piedmont St, Westminster, SC.
    • 1.23‑acre parcel.
    • Undeveloped land, previously residential.
    • Utilities readily available.
    • High traffic count: ~13,100 AADT on Hwy 123.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Oconee
    State
    South Carolina
    Longitude
    -83.082605
    Latitude
    34.6583759

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    Nearby Similar for Lease

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      Westminster Commercial Property For Rent

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      401 Oconee Ave

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    FAQs

    What type of property is this?
    Land - 1.23-Acre Commercial Lot, High Traffic Area
    Where is this land located?
    The property is located at 505 Piedmont St Westminster, SC.
    What are key features of this property?
    This property features: 1950 Construction.; 505 S Piedmont St, Westminster, SC.; 1.23-acre parcel.
    Request Owner's contact information
    505 Piedmont St Westminster, SC 29693
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    Westminster, SC 29693
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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
    505 Piedmont St Westminster, SC 29693
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