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    262 Cheves St Florence, SC 29501

    For Sale
    $246,580

    ±0.51-acre lot, CBD zoning, great potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional ±0.51-acre commercial land parcel presents a unique investment opportunity in the heart of downtown Florence, South Carolina. Located at 262 West Cheves Street, this property boasts approximately 75 feet of frontage on Cheves Street and a depth of approximately 289 feet. The site currently includes a 1,460 square foot building constructed in 1955, previously used as a dental office. This building offers potential for renovation or redevelopment, complementing the significant land value. The property is zoned Central Business District (CBD), providing flexibility for a variety of commercial uses. Conveniently located in Florence County, this site benefits from readily available utilities, including water and sewer connections. The property's prime location and zoning make it ideal for entrepreneurs and investors seeking a high-visibility presence in a thriving downtown area. The asking price is $246,580, and the APN is 90087-01-015. This is a rare opportunity to acquire a substantial commercial lot in a desirable downtown location.

    Property Features for 262 Cheves St

    General Information

    Property type
    Land
    Lot Size
    22,216 SF

    HighLights

    • ±0.51‑acre commercial lot in downtown Florence, SC, at 262 West Cheves Street.
    • 75' frontage on Cheves Street, 289' deep.
    • Includes a 1,460 sq ft, 1955‑built building, suitable for renovation or redevelopment.
    • Zoned Central Business District (CBD).
    • $246,580 asking price, APN 90087‑01‑015.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply 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
    -79.769313327599
    Latitude
    34.195451952619

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    FAQs

    What type of property is this?
    Land - ±0.51-acre lot, CBD zoning, great potential.
    Where is this land located?
    The property is located at 262 Cheves St Florence, SC.
    What is the asking price?
    The asking price for this property is $246,580.
    What are key features of this property?
    This property features: ±0.51-acre commercial lot in downtown Florence, SC, at 262 West Cheves Street.; 75' frontage on Cheves Street, 289' deep.; Includes a 1,460 sq ft, 1955-built building, suitable for renovation or redevelopment.
    (843) 667-4999
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    262 Cheves 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
    262 Cheves St Florence, SC 29501
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