Property profile

1700 E Palmetto St Florence, SC 29506

FOR SALE
Auto shops
Property ID
US77-0327820
3,200 SF 7.77 ac lot Built 1950
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7.96-acre commercial lot presents a significant investment opportunity in the thriving Florence, South Carolina market. Located at 1700 E Palmetto St, this property boasts an unparalleled location, just one mile from both McLeod Hospital and the Florence Airport. This strategic positioning ensures exceptional accessibility and visibility, making it ideal for a wide range of commercial developments. The property's proximity to the growing Downtown Florence area, approximately a five-minute drive, further enhances its appeal. Businesses will benefit from the strong existing infrastructure and the convenience of being near key amenities and a significant population center. The substantial acreage offers ample space for large-scale projects, allowing for flexibility in design and development. This is a rare opportunity to acquire a prime commercial parcel in a rapidly developing area with excellent access to major transportation routes and essential services. The high visibility and strategic location make this property an attractive investment for businesses seeking to establish a strong presence in the Florence market. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering. The asking price is $2,750,000.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1950
Total area 3,200 SF
Lot 7.77 ac (338,461 SF)
APN 90129-14-003
UPID US77-0327820

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hospital
  • Carpet & Flooring Store Hardware & Home Improvement

Location

1700 E Palmetto St Florence, SC 29506
Florence metro Census 700 FLORENCE, SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$175k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2006
2 recorded transactions
2006
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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