181-A E Evans St - Office FOR SALE


Florence, SC 29506
$12,000,000 USD
803-401-4201
181-A E Evans St, Florence, SC for Sale
$12,000,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

181-A E Evans St
Florence, SC 29506


HIGHLIGHTS

  • ±119,567 total (four-story office building and ±53,812 SF annex building) on large ±8.48-acre lot
  • 82% leased | WALT 1.23 years as of 12/31/2024
  • Mark-to-Market Opportunity: in-place rents below market, potential immediate rent growth
  • Well-located in high growth area: steady population and economic growth
  • Strategic Location: ±4.7 miles to I-95 and I-20 intersection

OVERVIEW

The Florence Business Technology Center is located at 181 E Evans Street in Florence, South Carolina. This four-story office building and annex spans approximately 119,567 square feet and is situated on a spacious 8.48-acre lot. The building is 82% leased with a weighted average lease term of 1.23 years as of December 31, 2024. It is conveniently positioned in downtown Florence and convenient to I-95 and I-20. This property offers a strong investment opportunity as an office building available below replacement cost, with an attractive initial yield and value-add potential. Florence’s economy is driven by healthcare, technology and education. Ongoing investments, infrastructure improvements and downtown revitalization promote job growth, making the city increasingly attractive to businesses and residents. For more information Download the flyer and click View Confidentiality Agreement in the flyer. Additional documents will be provided upon execution of CA.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Florence Business Technology Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

530

LAND DETAILS

LAND ACRES

8.48 AC

LAND SF

369,389 SF

ZONING

B4

APN/PARCEL ID

90169-01-042

ASK ABOUT THIS PROPERTY

Matthew PollardColliersMore Info
803-401-4201

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Matthew PollardColliersMore Info
803-401-4201

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.