1807 Cherokee RdFlorence, SC 29501

Property Details for 1807 Cherokee Rd

Year built

1984

Lot size

0.38 AC

Property size (Sq ft)

7,800 SF

Zone code

B1

Property type

Office properties

Property subtype

Office buildings

APN

90026-08-012

APU

9002608012

Description

This three-story, Class B office building at 1807 Cherokee Rd, Florence, SC 29501, offers 9,054 square feet of flexible space. Currently, 4,882 square feet are available for lease, divisible into units as small as 153 square feet and up to a contiguous 2,100 square feet. Ten individual suites are available within the building, built in 1984 and renovated 10 years ago, situated on a 0.43-acre lot. The building features 9-foot ceilings and ample drive-up parking. Utilities, including water and power, are included in the lease rate. The property is zoned B3 office and is located in the 5 Points Florence SC submarket of Florence County. Ideal for small businesses and individuals seeking convenient and well-maintained office space. The building does not have elevators. This is a multi-tenant property offering a variety of configurations, from single-room offices to larger multi-room suites. Natural light is a key feature, enhancing the modern decor. The property's address is 1807 Cherokee Rd, Florence, SC 29501, with the cross street being Cherokee. The APN is 90026-08-012.

• CAP approach

  CAP return

  Valuation

  6%

  $1,074,530

  6.5%

  $991,874

  7%

  $921,026

• Comparable approach

  Method

  Valuation

  Relative Method

  $448,498

  Geo Method

  $1,320,852

• Alternative Use

  Use

  Valuation

  Residential

  $1,229,924

  Hospitality

  $1,126,604

  Educational

  $937,321

  Medical

  $969,557

  Retail

  $1,458,055

Location Insight

City

Florence

County

Florence

State

South Carolina

Latitude

34.1888

Longitude

-79.8025

CBSA code

22500

CBSA name

FLORENCE, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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