Live-Work
1520 Main St, Columbia, SC 29201
For Sale
$299,900
The unit includes a reserved space in the parking garage.
Property Size864 SF
Price / SF$347.11
Days on Market82
Property Features for 1520 Main St
General Information
Standard status
Size
Total Parking Spaces
Site & Location
Neighborhood
Listing Agency:
Landmark Resources LLC
Listed By:
Laura Nichols · License SC #21521
(803) 463-4446
Source:
Exprealty
Added: Aug 21
Changed: Nov 9
Last Checked: Nov 8 at 9:39AM
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 Landmark Resources LLC
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Investment Insights
Based on property information with market context.
This live-work condominium at 1520 Main St combines residential and business use in one property. A reserved parking garage space is included.
The property is across the street from the Columbia Art Museum. Nearby destinations include dining, the Nickelodeon Theatre, the SC State Capital, and Soda City Market, held every Saturday.
The property is across the street from the Columbia Art Museum. Nearby destinations include dining, the Nickelodeon Theatre, the SC State Capital, and Soda City Market, held every Saturday.
Key Highlights
- Live‑work condominium at 1520 Main St
- Reserved space in the parking garage
- Across the street from the Columbia Art Museum
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,327
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,540
$226.5K
Cap Rate 7%
$161,814
$161.8K
Cap Rate 9%
$125,856
$125.9K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$19.7K $22.80/SF
− Vacancy
−$1.6K −$1.82/SF
EGI
$18.1K $20.98/SF
− OpEx
−$6.8K −$7.87/SF
NOI
$11.3K $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%
$226,540
Cap Rate 7%
$161,814
Cap Rate 9%
$125,856
Alternative Uses
Best Use
Mixed Use
$161.8K
$141.6K – $188.8K
NOI $11,327 @ 7.0% cap · market cap 3.78%
Second Best
Office B
$146.6K
$128.3K – $171.1K
NOI $10,264 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$212.8K
$186.2K – $248.2K
NOI $14,893 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,638
Businesses Nearby
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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
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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?
Live-work space - The unit includes a reserved space in the parking garage.
Where is this live-work space located?
The property is located at 1520 Main St Columbia, SC.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Live‑work condominium at 1520 Main St; Reserved space in the parking garage; Across the street from the Columbia Art Museum
