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    Palmetto St Florence, SC 29506

    Sponsored
    For Sale
    $975,000

    Prime US-76 location, multi-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use investment opportunity encompasses 36.58 acres of land situated on US Highway 76 in Florence, South Carolina, zip code 29506. The property, located on E Palmetto St, boasts high traffic counts, excellent accessibility, and superior visibility, making it ideal for a variety of commercial ventures. Currently configured as an apartment building, flex space, and motel, this property presents a unique chance to capitalize on its diverse potential. The substantial lot size offers ample room for expansion or redevelopment. Detailed information on utilities and population statistics is available upon request. The asking price for this strategically located property is $975,000. An adjoining property is also available for purchase, presenting an opportunity to acquire a larger contiguous parcel. This prime location in Florence County, South Carolina, offers significant potential for investors seeking a high-traffic, multi-use property with strong visibility and accessibility. Further details, including flyers and photos showcasing the property and its surrounding area, are available to interested parties.

    Property Features for 0 Palmetto St

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,593,425 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.678592
    Latitude
    34.197831

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    FAQs

    What type of property is this?
    Multifamily property - Prime US-76 location, multi-use potential.
    Where is this multifamily property located?
    The property is located at Palmetto St Florence, SC.
    What is the asking price?
    The asking price for this property is $975,000.
    Request Owner's contact information
    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
    Palmetto St Florence, SC 29506
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