Property profile

1815 W Palmetto St Florence, SC 29501

FOR LEASE
Turn key restaurants
Property ID
US77-2310989
2,119 SF 0.99 ac lot Built 1958
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional .99-acre commercial land parcel presents a remarkable development opportunity in Florence County, South Carolina. Strategically located near the bustling 5 Points area, this property boasts unparalleled visibility along US-76, enjoying approximately 93 feet of road frontage. The B3 zoning designation allows for a diverse range of commercial uses, making it suitable for retail establishments, restaurants, or service-oriented businesses seeking a high-traffic location. The site's prominent position ensures maximum exposure to a large volume of passing vehicles, providing an ideal platform for businesses aiming to enhance their brand awareness and customer reach. The development process is further simplified by the readily available utilities at the site. This property offers a unique blend of location, zoning flexibility, and accessibility, making it an exceptional investment for discerning developers and entrepreneurs. The parcel is identified by APN 90025-05-004 within Florence County. This single-tenant land lease presents a compelling opportunity to establish a thriving commercial presence in a vibrant and growing area. The property's size and location make it an attractive option for a variety of commercial ventures.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1958
Total area 2,119 SF
Lot 0.99 ac (43,279 SF)
Zoning code B3
APN 90025-05-004
UPID US77-2310989

Cap rate & NOI

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

Location

1815 W Palmetto St Florence, SC 29501
Florence metro Census 1100 FLORENCE, SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
$493k
Blend (final) Blend
$500k

Owner & transaction history

since 2023
Last sale
$550,000
4 recorded transactions
2023
$550,000
2010
Price N/A
2009
Price N/A
2004
Price N/A

Zoning & alternative use

B3 · Florence, SC

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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More about this property
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