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    1506 Sandy Ln Florence, SC 29501

    Sponsored
    For Sale
    $175,000

    Five lots, R-5A zoning, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional opportunity presents five contiguous lots totaling [Total acreage needs to be calculated from tax map numbers - information not provided] acres, ideally situated in Florence, South Carolina, at 1506-1514 Sandy Ln, 29501. Zoned R-5A, this property offers significant potential for multifamily development. The land is conveniently located near established single-family residences and benefits from high visibility due to its position next to existing multifamily housing and high traffic counts. Proximity to I-95 ensures excellent accessibility. Furthermore, the location offers easy access to essential amenities, including healthcare facilities and grocery stores. The individual tax map numbers for the five lots are 90021-09-002, 003, 004, 005, and 006. This is a rare chance to acquire a substantial parcel of land in a thriving area, perfect for investors seeking to capitalize on the growing demand for multifamily housing in Florence. The asking price for this exceptional development opportunity is $175,000. The current owner is RHAINER HOLDINGS LLC.

    Property Features for 1506 Sandy Ln

    General Information

    Property type
    Land

    HighLights

    • High‑visibility location with excellent street exposure.
    • High vehicular traffic counts ideal for retail or commercial development.
    • Significant acreage available for development.
    • Convenient access to I‑95.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.8067853
    Latitude
    34.1720284

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    FAQs

    What type of property is this?
    Land - Five lots, R-5A zoning, prime location.
    Where is this land located?
    The property is located at 1506 Sandy Ln Florence, SC.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: High-visibility location with excellent street exposure.; High vehicular traffic counts ideal for retail or commercial development.; Significant acreage available for development.
    (843) 229-3903
    Request Owner's contact information
    1506 Sandy Ln 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
    1506 Sandy Ln Florence, SC 29501
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