320 Eugene St

• Zoned NZ (No Zoning)
• Strategic location in Pee Dee Regional Area
• Flexible development opportunities
• Ideal for Land / Multifamily / Workforce Housing investors

Property Description

Investment Highlights Low acquisition basis supports multiple exit strategies. At an asking price of $34,750, the property offers a relatively modest all-in land basis for buyers targeting infill housing, resale, or longer-term land banking. That low entry point broadens feasible redevelopment plans and reduces capital at risk during early-stage diligence. No Zoning designation creates a flexible planning framework. The asset is marketed as NZ (No Zoning), and the offering specifically positions it as suitable for land, multifamily, and workforce housing consideration. For investors capable of navigating local approvals, that flexibility may be more valuable than a narrowly prescribed zoning envelope. Vacant status allows immediate repositioning without tenancy friction. The property is identified as vacant, with no operating tenants or lease rollover issues to manage. This allows a buyer to proceed directly into demolition, site cleanup, entitlement work, or redevelopment planning based on the intended use. Existing improvements may provide a redevelopment starting point. Third-party property data indicates two buildings totaling approximately 1,137 SF, originally built in 1981. Whether retained, removed, or repurposed, those improvements give a buyer options for the most cost-effective path forward. The parcel size fits small-format housing and infill execution. With approximately 30,176 SF (0.68 acres) of land area, the site is large enough to support compact residential-oriented planning while remaining manageable from a cost and execution standpoint. The offering memorandum specifically references modular home rental infill and a clean-deck redevelopment concept. Lake City location ties the property to regional access routes and local demand drivers. The memorandum emphasizes proximity to I-95 and I-20, placing the site within the broader transportation network serving the Pee Dee region. That accessibility can support workforce-oriented housing demand tied to regional commuting patterns and smaller-market residential needs. Qualified Opportunity Zone status may enhance long-term investment appeal. Property record data identifies the parcel within a Federal Qualified Opportunity Zone. For buyers evaluating tax-advantaged deployment strategies alongside redevelopment potential, that designation can strengthen the hold-and-improve thesis. Seller financing discussion may improve capital efficiency. The marketing materials indicate possible owner financing, including discussion of a half-down structure with seller-financed balance. If achieved, that structure could reduce upfront cash requirements and provide buyers with greater flexibility to allocate capital toward site work, legal diligence, or redevelopment planning. The opportunity is best suited to buyers who can underwrite title and execution risk. The seller notes the property was purchased at a tax sale, will be conveyed by quitclaim deed, and that no suit to quiet title will be performed. For experienced investors, those conditions can create a discount-driven acquisition opportunity where value is captured through disciplined diligence and post-closing problem-solving Introducing a prime investment opportunity in the Lake City area. This timeless property offers a solid foundation for a lucrative venture. Zoned NZ, it offers versatile development possibilities, making it an ideal prospect for multifamily investors. With its strategic location in the heart of Lake City, the property provides a promising canvas for creating a thriving residential community. Embrace the potential for growth and expansion with this well-positioned asset in a sought-after area. Invest in a property that blends history with future potential, laying the groundwork for a prosperous real estate venture in the vibrant Lake City market. $34,750.00 Sales Price | Possible Owner Financing. Commission Structure is a $5,000 Flat Fee Split Between the Listing and the Selling Brokerage if a selling brokerage is involved. Property transfers at closing or seller financing payoff. Property "AS IS, WHERE IS". All potential utilization is Buyer Due Diligence with Florence County Planning and Zoning. Discuss a possible half-down and Seller Financing of the balance. Solely Buyer Due Diligence Responsibility. Purchased at a tax sale. Research neighborhood development standards solely via buyer due diligence. No suit to quiet title performed or to be performed by Seller. Closing costs are the buyer's costs other than the basics. The seller will execute a Quitclaim Deed at his cost, and the Attorney will focus on the other costs and the Buyer's costs on the Buyer's nickel.