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    2Nd Loop Rd Florence, SC 29505

    For Sale
    $575,000

    1.14-acre corner lot, high visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.14-acre commercial land parcel presents a unique investment opportunity in Florence, South Carolina. Located on the highly visible corner of Second Loop Road and Damon Drive, this property boasts a prime location along one of Florence's busiest commercial arteries, experiencing approximately 22,700 vehicles per day. The site benefits from easy access and a central position between Florence's Five Points Area and South Irby Street, ensuring significant traffic exposure. Zoned PD - Planned Development, this hard corner lot offers substantial potential for various commercial ventures. The property's address is 802 Second Loop Road, Florence, SC 29505, and includes APN numbers 90069-02-001 & 90069-02-002. The asking price is $575,000. This rare opportunity to acquire a corner lot on the desirable Second Loop Road corridor is not to be missed. Serious inquiries only.

    Property Features for 0 2Nd Loop Rd

    General Information

    Property type
    Land
    Lot Size
    49,658 SF

    HighLights

    • High‑visibility corner lot with 22,700 vehicles per day (VPD).
    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
    -79.776548848973
    Latitude
    34.16761676483

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    FAQs

    What type of property is this?
    Land - 1.14-acre corner lot, high visibility
    Where is this land located?
    The property is located at 2Nd Loop Rd Florence, SC.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: High-visibility corner lot with 22,700 vehicles per day (VPD).; ;
    (843) 667-4999
    Request Owner's contact information
    2Nd Loop Rd 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
    2Nd Loop Rd Florence, SC 29505
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