2704 Highmarket St Georgetown, SC 29440
- Office buildings
- 10,224 SF
- 1.93 lot acres
Current Use by Public Records
- Georgetown One-Stop Workforce Center / Employment Center
Property Details for 2704 Highmarket St
- Year built
- 1960
- Construction
- BRICK
- Lot size
- 1.93 lot acres
- Property size
- 10,224 SF
- Property type
- Office buildings
- APN
- 05-0006-010-00-00
- APU
- 500060100000
Description
This 10,300 square foot mixed-use building in Georgetown, South Carolina, presents a unique investment opportunity. Located at 2704 Highmarket St, the property sits on a 2.4-acre lot and boasts a newly sealed parking lot with over 50 spaces, secured by a 6-foot fence and electronic gate. The building, renovated in 2020, is ADA accessible and zoned GC, allowing for potential subdivision. The upper level (approx. 2800 sq ft) features six offices/conference rooms, a large common area/lobby/showroom with dual entrances, two restrooms, and direct courtyard access. High-quality finishes include LVP flooring in offices and commercial-grade carpet tiles in common areas. The lower level (approx. 7500 sq ft) offers a large common area currently configured with four large offices/conference rooms/living areas/procedure areas, a reception area with built-in desk, and a fully equipped commercial kitchen with 2020-2021 appliances. The lower level also features LVP flooring throughout. The rear parking lot offers potential for additional storage. This property is ideal for owner-users seeking a versatile space, or investors looking for a strong return in a growing market. The asking price is $1,390,000, with a price per square foot of $134.95. Class B building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,215,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,000,000
- 6.5%
- $1,880,000
- 7%
- $2,040,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,785,000
- Geo Method
- $1,655,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,080,000
- Retail
- $1,750,000
- Mixed-Use
- $2,055,000
- Hospitality
- $2,335,000
- Educational
- $2,195,000
- Residential Income
- $2,320,000
- Energy
- $2,385,000
- Income-Based Land
- $1,855,000
- Food Service
- $1,890,000
Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- Georgetown
- State
- South Carolina
- Longitude
- -79.3075
- Latitude
- 33.3847
- CBSA code
- 23860
- CBSA name
- GEORGETOWN, SC MICROPOLITAN STATISTICAL AREA
