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OFF-MARKET
Specialty properties

798/796 Lang Jennings Dr Sumter, SC 29150

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Property summary
AI-generated overview

This exceptional 1.62-acre property, located at 798/796 Lang Jennings in Sumter, South Carolina, presents a unique commercial development opportunity. Situated on the corner of Lang Jennings and Alice Drive, the property boasts approximately 200 feet of frontage on the high-traffic, four-lane Alice Drive, placing it within a thriving commercial district. The site currently consists of two residential properties, one a four-bedroom, one-bathroom home in disrepair, and the other a two-bedroom home currently under lease with a transferable agreement. The long-range plan designates this area for suburban development, and the owners are actively pursuing rezoning to accommodate business or commercial use, mirroring the development trends on both sides of the block. The property's adjacency to a professional office building to the south and residential properties to the north provides a strategic location for various commercial ventures. The owners are also exploring the possibility of expanding the existing drive next to the professional office, further enhancing the property's accessibility and appeal. This property is offered at $399,000 and presents a compelling investment opportunity for developers and entrepreneurs seeking a prime location in a growing commercial area. The zip code is 29150.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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