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    1201 Colonial Cmns Ct Lancaster, SC 29720

    For Sale
    $1,100,000

    Dual-Building Property, High-Income Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity presents two professional buildings situated on a 0.82-acre lot at 1201 Colonial Commons Court, Lancaster, SC. Priced at $1,100,000, this property offers significant income potential with its current lease arrangement. Building 1, located at 1201 Colonial Commons Ct, is configured as a medical office, boasting approximately 14 rooms, a dedicated file room, reception area, and a waiting room. It's pre-wired for an X-ray room and includes an upper-level workspace. New flooring has been recently installed in a portion of this building. Building 2, at 1203 Colonial Commons Ct, comprises three curtained areas, a reception area, a waiting room, a file room, a substantial open space, and additional work stations on the upper level. The property's zoning is available upon request from the City of Lancaster. The existing lease on one building will transfer with the sale, providing immediate rental income. The second building is available for immediate occupancy by the new owner, presenting a unique opportunity for owner-occupancy or further leasing. This prime location offers convenient access to MUSC (Medical University of South Carolina), making it an attractive proposition for medical professionals or investors seeking a high-return property in a thriving area. The property's layout and features make it suitable for a variety of professional uses.

    Property Features for 1201 Colonial Cmns Ct

    General Information

    Property type
    Other commercial real estate
    Lot Size
    35,719 SF

    Building Details

    Year Built
    1992
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lancaster
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.79543
    Latitude
    34.71493

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    FAQs

    What type of property is this?
    Commercial real estate - Dual-Building Property, High-Income Potential
    Where is this commercial real estate located?
    The property is located at 1201 Colonial Cmns Ct Lancaster, SC.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (704) 909-9630
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201 Colonial Cmns Ct Lancaster, SC 29720
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