1363 Floyd Baker Blvd Gaffney, SC 29341
- Commercial real estate
- 1,915 SF
- 0.61 lot acres
Current Use by Public Records
- Cherokee Plaza Shopping Center / Shopping Mall
Property Details for 1363 Floyd Baker Blvd
- Lot size
- 0.61 lot acres
- Property size
- 1,915 SF
- Property type
- Commercial real estate
- APN
- 080-00-00-137.002
- APU
- 800000137002
Description
Cherokee Plaza, a 102,542 square foot community shopping center located at 1329 W. Floyd Baker Highway (SC Route 11), Gaffney, SC 29341, presents a unique investment opportunity. This 96% occupied center, renovated in 2010, boasts a strong tenant roster including Big Lots, Badcock Furniture, Tractor Supply, Goodwill, Dollar General, Quick Credit, First Acceptance, and Papa John's Pizza. Two spaces are currently available, ranging from 10,000 to 20,000 square feet, ideal for a variety of uses including medical, creative, executive, coworking, or traditional office spaces, as well as retail or restaurant options. The property benefits from its prime location on a major retail thoroughfare (SC Route 11/W. Floyd Baker Highway), experiencing an average daily traffic count of 23,000 vehicles. Its proximity to Interstate 85 (eight-tenths of a mile) and other significant retailers like Walmart, Lowe's, and Belk further enhances its visibility and accessibility. The area also demonstrates strong demographics, with an average household income within a 7-mile radius exceeding $47,000 (2016 estimate) and over 20,127 employees within the same radius (2016 estimate). Limestone College, a four-year institution with over 1,280 students, is located approximately 2.5 miles away, providing a substantial potential customer base. This well-established center offers a compelling opportunity for businesses seeking high visibility and a strong local market presence.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $560,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $760,000
- 6.5%
- $690,000
- 7%
- $785,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $805,000
- Geo Method
- $725,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $700,000
- Retail
- $705,000
- Mixed-Use
- $690,000
- Hospitality
- $735,000
- Educational
- $770,000
- Residential Income
- $765,000
- Energy
- $775,000
- Income-Based Land
- $820,000
- Food Service
- $745,000
Location Insight
- Map
- Local Demand
- City
- Gaffney
- County
- Cherokee
- State
- South Carolina
- Longitude
- -81.6606
- Latitude
- 35.0861
- CBSA code
- 23500
- CBSA name
- GAFFNEY, SC MICROPOLITAN STATISTICAL AREA