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    1622 Palmetto St Florence, SC 29501

    For Sale
    $1,300,000

    ±2.897 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This ±2.897-acre commercial land parcel presents a significant development opportunity in Florence, South Carolina. Located on West Palmetto Street (US-76), this property boasts 215 feet of frontage, providing excellent visibility and accessibility. The site benefits from convenient ingress/egress points onto West Palmetto Street and S Revell Drive, placing it in close proximity to the Florence Mall and other established businesses. Zoned CG-Commercial General, this property is ready for a variety of commercial uses. Situated within the city limits of Florence, all necessary utilities, including water and sewer, are readily available. The high daily traffic volume of 18,400 vehicles per day on West Palmetto Street ensures substantial exposure for any development. The property's APN is 90035-11-006. This exceptional location, combined with its generous size and favorable zoning, makes this a truly compelling investment opportunity. The asking price is $1,300,000.

    Property Features for 1622 Palmetto St

    General Information

    Property type
    Land
    Lot Size
    126,193 SF

    HighLights

    • ±12.897‑acre commercial land parcel in West Florence, SC.
    • Commercial General zoning.
    • Located within Florence city limits with readily available water and sewer.
    • High traffic count of 18,400 vehicles per day on West Palmetto Street (US‑76).
    • Convenient access via West Palmetto Street and S Revell Drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.79888865237
    Latitude
    34.190259153557

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    FAQs

    What type of property is this?
    Land - ±2.897 Acres, Prime Development Site
    Where is this land located?
    The property is located at 1622 Palmetto St Florence, SC.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: ±12.897-acre commercial land parcel in West Florence, SC.; Commercial General zoning.; Located within Florence city limits with readily available water and sewer.
    Request Owner's contact information
    1622 Palmetto 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
    1622 Palmetto St Florence, SC 29501
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