1206 Us-1 Cheraw, SC 29520
- Mixed-use properties
- 39,885 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 1206 Us-1
- Property size
- 39,885 SF
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional 27.6-acre commercial property in Cheraw, South Carolina, presents a remarkable investment opportunity. Located at a signalized intersection on US-1 South, this corner lot boasts high visibility and convenient access. The property includes a substantial 39,885 square foot building, previously utilized as a restaurant, motel, and nursing home. Its strategic location on a major truck route makes it ideally suited for redevelopment as a truck stop, incorporating a restaurant and motel, capitalizing on the high traffic volume. The property's proximity to Cheraw State Park, downtown Cheraw, and other amenities further enhances its appeal. This location is within Cheraw's Opportunity Zone, offering potential tax advantages. The APN is 260 000 000 063. The asking price for this significant development opportunity is $2,000,000. This property offers substantial potential for a savvy investor seeking a high-return venture in a rapidly growing area. The existing building provides a solid foundation for redevelopment, minimizing initial construction costs. The property's size and location offer significant flexibility for various commercial uses, making it an attractive proposition for a wide range of investors. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving South Carolina community.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cheraw
- County
- Chesterfield
- State
- South Carolina
- Longitude
- -79.9026
- Latitude
- 34.6722
