280 Old Georgetown Rd Lake City, SC 29560-6401
- Commercial real estate
- 5,976 SF
- 5.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 280 Old Georgetown Rd
- Lot size
- 5.00 lot acres
- Property size
- 5,976 SF
- Property type
- Commercial real estate
- APN
- 00297-31-054
- APU
- 29731054
Description
This exceptional industrial property, located at 280 N Old Georgetown Rd, Lake City, SC 29560, presents a compelling investment opportunity. The property encompasses two metal buildings totaling 26,818 square feet situated on a generous 4.99-acre lot. Building one offers approximately 18,000 square feet of enclosed space, including a loading dock and an attached 8,000 square foot open-air shed. Building two comprises approximately 2,400 square feet of enclosed space with an attached 3,600 square foot open-air shed. Both buildings feature multiple bay doors and 3-phase power. A significant advantage is the inclusion of a climate-controlled private office complete with a restroom and kitchen. Adding to the property's unique features is a separate, private entrance leading to a fully equipped bar room boasting stainless steel counters, central HVAC, and two restrooms. The property is serviced by a septic system and two deep wells (5hp each), one located on the west end and the other on the east. The buildings boast 8-foot ceiling heights and were constructed in the late 1970s and early 1980s, according to the owner. The asking price is $349,000, translating to a land value of $13.01 per square foot. This property is ideally situated between Lake City and Johnsonville, offering convenient access to major transportation routes.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $740,000
- 6.5%
- $685,000
- 7%
- $635,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $543,000
- AI Estimate
- $563,000
Market price range: $181k - $848kMarket price range: $223k - $791k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $525,000 Current use
- OFFICE BUILDING
- $615,000 Change: +18% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Lake City
- County
- Florence
- State
- South Carolina
- Longitude
- -79.6496
- Latitude
- 33.842
- CBSA code
- 22500
- CBSA name
- FLORENCE, SC METROPOLITAN STATISTICAL AREA