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    1401-1469 Sumter St Columbia, SC 29201

    Sponsored
    For Lease
    $14 SF/Yr

    Downtown Columbia Office Space: 5 Suites Available

    Lot size:
    26,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Palmetto Plaza offers exceptional executive office suites in the heart of downtown Columbia's Central Business District. This prime location boasts high visibility and extremely heavy daytime foot traffic, situated directly across from Palmetto Health Baptist, the YMCA, Sheraton, Marriott hotels, The Hub Apartments, and 1321 Lofts. A new Holiday Inn is also under construction directly adjacent to the property. The building itself comprises 26,000 square feet, with multiple suites available ranging from a minimum of 1,100 square feet to a maximum contiguous space of 4,303 square feet. Currently, 13,183 square feet of space is vacant and ready for immediate occupancy. The property is conveniently located below a centrally located parking garage on Sumter Street, offering easy access for tenants and clients. This retail, office, and restaurant space is ideal for businesses seeking a high-traffic, high-visibility location in the vibrant downtown core. The building is a multi-tenant property, and the net-net-net (NNN) lease rate is $2.50 per square foot. The proximity to major hotels, a large hospital, student housing (The Hub with 850 beds), and other significant landmarks ensures a constant flow of potential customers and employees. This is a unique opportunity to establish a presence in one of Columbia's most desirable commercial locations.

    Property Features for 1401-1469 Sumter St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,000 SF
    Total Rate
    30333.33

    Unit(s) available at that property

    Space
    1409 (25’ hood & walk-in)
    Size
    4,303 SF
    Rate per SF
    $17
    Space
    1421 (former Subway)
    Size
    1,250 SF
    Rate per SF
    $17
    Space
    1419
    Size
    1,100 SF
    Rate per SF
    $17
    Space
    1401A
    Size
    3,222 SF
    Rate per SF
    $20
    Space
    1459 (unfinished)
    Size
    3,308 SF
    Rate per SF
    $14

    HighLights

    • Palmetto Plaza, Richland County, offers 26,000 square feet of retail, office, and restaurant space.
    • Multiple suites available, ranging from 1,100 to 4,303 contiguous square feet.
    • 13,183 square feet currently vacant.
    • Prime downtown Columbia location, across from Palmetto Health Baptist, YMCA, and hotels; near student housing.
    • NNN lease rate: $2.50 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -81.0337789
    Latitude
    34.0055328

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    FAQs

    What type of property is this?
    Restaurant - Downtown Columbia Office Space: 5 Suites Available
    Where is this restaurant located?
    The property is located at 1401-1469 Sumter St Columbia, SC.
    What is the lease rate?
    The lease rate is $14-$20 SF/Yr.
    What are key features of this property?
    This property features: Palmetto Plaza, Richland County, offers 26,000 square feet of retail, office, and restaurant space.; Multiple suites available, ranging from 1,100 to 4,303 contiguous square feet.; 13,183 square feet currently vacant.
    Request Owner's contact information
    1401-1469 Sumter St Columbia, SC 29201
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    Columbia, SC 29201
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1401-1469 Sumter St Columbia, SC 29201
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