4617 Palmetto St Florence, SC 29506
This exceptional 7,700 square foot retail property, located at 4617 E. Palmetto Street in Florence, South Carolina, presents a remarkable redevelopment opportunity. Situated on a 1.08-acre lot, this single-story, 1985-built building offers immense potential for a variety of uses. Previously operating as both a convenience store and a restaurant, the property's versatile layout and zoning flexibility (currently unzoned) allow for creative adaptation. The asking price is $275,000, translating to $35.71 per square foot. Its prime location near Francis Marion University makes it ideally suited for businesses catering to students and the surrounding community. The building is being sold in "as is" condition, providing a blank canvas for the buyer to envision and implement their business plan. The substantial square footage and ample land offer significant upside potential for investors seeking to capitalize on the area's growth. This property is vacant and ready for immediate occupancy. Explore the possibilities for retail, restaurant, or even student housing. Don't miss this chance to acquire a strategically located property with significant redevelopment potential in a thriving South Carolina market. The zip code is 29506.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.