Mixed-Use Commercial
For Sale
$282,500
1322 Gadsden Street, Columbia, SC 29201
Commercial Activity Center zoning supports office, retail, service, or redevelopment uses.
Property Size621 SF
Days on Market86
Property Features for 1322 Gadsden Street
General Information
Standard status
Active
Size
621 SF
Property subtype
Office
Zoning
Commercial Activity Center (CAC)
Site & Location
Neighborhood
Vista Neighborhood Association
Highway Access
Yes
Building Details
Building Size
621 SF
Year Built
1929
Listing Agency:
Keller Williams Realty
Listed By:
Jayan Abraham
(803) 261-2383
Source:
Svrealty
Added: Aug 3
Changed: Oct 25
Last Checked: Oct 26 at 11:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This mixed-use commercial property at 1322 Gadsden St is positioned within Downtown Columbia’s Central Business District. The asset was built in 1929 and carries Commercial Activity Center (CAC) zoning, supporting office, retail, service, and redevelopment uses.
The property is near the South Carolina State House, University of South Carolina, Prisma Health Richland, and the Main Street and Vista districts. Regional access includes I-126, I-26, I-77, and I-20. The surrounding area includes government offices, professional firms, medical facilities, hotels, restaurants, and new mixed-use development.
The property is near the South Carolina State House, University of South Carolina, Prisma Health Richland, and the Main Street and Vista districts. Regional access includes I-126, I-26, I-77, and I-20. The surrounding area includes government offices, professional firms, medical facilities, hotels, restaurants, and new mixed-use development.
Key Highlights
- Commercial Activity Center (CAC) zoning
- Built in 1929
- Located at 1322 Gadsden St, Columbia, SC 29201
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,141
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,820
$162.8K
Cap Rate 7%
$116,300
$116.3K
Cap Rate 9%
$90,456
$90.5K
Market Conditions
NOI Build-Up for 621 SF
Gross rent
$14.2K $22.80/SF
− Vacancy
−$1.1K −$1.82/SF
EGI
$13.0K $20.98/SF
− OpEx
−$4.9K −$7.87/SF
NOI
$8.1K $13.11/SF
Area
Columbia, SC
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,820
Cap Rate 7%
$116,300
Cap Rate 9%
$90,456
Alternative Uses
Best Use
Mixed Use
$116.3K
$101.8K – $135.7K
NOI $8,141 @ 7.0% cap · market cap 2.88%
Second Best
Office B
$105.4K
$92.2K – $123.0K
NOI $7,377 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$152.9K
$133.8K – $178.4K
NOI $10,704 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 29201, SC
25,259
Population
12,619
Households
2
Avg Household Size
25
Median Age
56%
College-Educated
92%
High-School Grad
11.5 sq mi
ZIP Area
2,196
Density / Sq Mi
$34,327
Median Household Income
$14,671
Median Earnings
$1,207
Median Rent
$238,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbia, SC
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial Activity Center zoning supports office, retail, service, or redevelopment uses.
Where is this mixed-use property located?
The property is located at 1322 Gadsden Street Columbia, SC.
What is the asking price?
The asking price for this property is $282,500.
What are key features of this property?
This property features: Commercial Activity Center (CAC) zoning; Built in 1929; Located at 1322 Gadsden St, Columbia, SC 29201
