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    421 Columbia Ave Lexington, SC 29072

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    For Lease
    Contact for pricing

    High-traffic, 61,505 SF community center

    Lot size:
    61,505 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Village Square, located at 421 Columbia Ave, Lexington, SC 29072, presents a significant retail investment opportunity. This 61,505 square foot community center, built in 1982 and renovated in 1996, boasts a prime location on Columbia Ave/US Highway 378, between US Route 1 and SC Route 6. The property benefits from exceptional street visibility and accessibility, featuring a signalized main entrance ensuring easy ingress and egress. Daily traffic counts on Columbia Ave exceed 29,500 vehicles, guaranteeing high exposure for tenants. Currently, a substantial 59,536 square feet of space is available, divisible to a minimum of 162 square feet and with a maximum contiguous space of 44,406 square feet. The center offers ample parking with 312 spaces. Existing tenants include Liberty Tax, Wild Birds Unlimited, Little China Buffet, and Onyx Nails. This well-established center is situated in a thriving Lexington County area, providing a strong foundation for future success. The property is ideal for a variety of retail uses, offering a unique chance to establish or expand a business in a high-traffic location. An ATM is conveniently located on-site.

    Property Features for 421 Columbia Ave

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    61,505 SF

    Building Details

    Year Built/Renovated
    1982/1996

    Unit(s) available at that property

    Space
    ATM
    Size
    1 SF

    HighLights

    • Big Lots anchors this retail center.
    • Key tenants include Merle Norman, Wild Birds Unlimited, and Little China Buffet.
    • 61,505 square feet gross leasable area (GLA), built in 1982 and renovated in 1996.
    • 5.09 parking spaces per 1,000 square feet.
    • High visibility location on US Highway 378 (Columbia Ave) with over 30,000 vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    LibertyX Bitcoin ATM Atm Big Lots Discount Store Clear Talk Cell Phone Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.2409907
    Latitude
    33.9882022

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    FAQs

    What type of property is this?
    Community center - High-traffic, 61,505 SF community center
    Where is this community center located?
    The property is located at 421 Columbia Ave Lexington, SC.
    What are key features of this property?
    This property features: Big Lots anchors this retail center.; Key tenants include Merle Norman, Wild Birds Unlimited, and Little China Buffet.; 61,505 square feet gross leasable area (GLA), built in 1982 and renovated in 1996.
    Request Owner's contact information
    421 Columbia Ave Lexington, SC 29072
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    Lexington, SC 29072
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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
    421 Columbia Ave Lexington, SC 29072
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