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    1720 Lake Murray Blvd Columbia, SC 29212

    Sponsored
    For Sale
    $3,800,000

    Prime 11+ acre development tract

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11.22-acre commercial property, located at 1720 Lake Murray Blvd in Columbia, South Carolina (zip code 29212), presents a significant redevelopment opportunity. Situated in Lexington County, this fully entitled parcel boasts a substantial 520+ feet of frontage along the heavily trafficked four-lane Lake Murray Boulevard (SC Hwy 6) and Weed Drive. The property's strategic location between Irmo, Lake Murray, and the dam leading into Lexington ensures high visibility and accessibility. Zoned ID, this land is ideally suited for a variety of commercial uses, including but not limited to assisted living facilities, storage units, medical offices, or a retail shopping center. All utilities, including water and sewer, are readily available. The APN is 001998-04-013 and 001998-04-120. The asking price for this prime commercial land is $3,800,000. This is a rare opportunity to acquire a large, well-located parcel with significant development potential in a thriving South Carolina market. Don't miss this chance to capitalize on this high-traffic location and create a successful commercial venture.

    Property Features for 1720 Lake Murray Blvd

    General Information

    Property type
    Automotive properties
    Lot Size
    488,743 SF

    HighLights

    • 11.22‑acre commercial land in Columbia, SC (29212).
    • 520+ ft of frontage on Lake Murray Blvd & Weed Drive.
    • Zoned ID, suitable for assisted living, storage, medical, or retail.
    • All utilities available.
    • Asking price: $3,800,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    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
    Columbia
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.2001469
    Latitude
    34.0797525

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    FAQs

    What type of property is this?
    Automotive property - Prime 11+ acre development tract
    Where is this automotive property located?
    The property is located at 1720 Lake Murray Blvd Columbia, SC.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: 11.22-acre commercial land in Columbia, SC (29212).; 520+ ft of frontage on Lake Murray Blvd & Weed Drive.; Zoned ID, suitable for assisted living, storage, medical, or retail.
    Request Owner's contact information
    1720 Lake Murray Blvd Columbia, SC 29212
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    Columbia, SC 29212
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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
    1720 Lake Murray Blvd Columbia, SC 29212
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