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    1704 Bush River Rd Columbia, SC 29210

    Sponsored
    For Sale
    $1,200,000

    High-Cap Rate Restaurant Property

    Property size:
    6,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in Columbia, South Carolina, featuring a mixed-use property totaling 6,750 square feet across two single-story buildings. This prime location boasts high visibility and proximity to numerous retail establishments, hotels, and entertainment venues, including a bowling alley. The property is zoned for commercial use and offers a strong 8.10% cap rate with a current NOI of $97,200. The property is currently leased to two tenants: a thriving Indian restaurant franchise, NAWABI HYDERABAD HOUSE, with a newly signed 5-year lease (plus a 5-year option) and a 2% annual rent increase

    Property Features for 1704 Bush River Rd

    General Information

    Property type
    Restaurants
    Square Feet
    6,750 SF

    Building Details

    Buildings
    2
    Stories
    1

    HighLights

    • Two separate buildings on the property.
    • Indian restaurant: New 5‑year lease with a 5‑year renewal option; 2% annual rent increases.
    • Butcher shop: 3‑year lease with two renewal options (4 & 3 years); 10% rent increase at each renewal.
    Property Profile Location Intelligence

    Current Use by Public Records

    7 SPICES INDIAN ... Restaurant

    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
    -81.1148326344
    Latitude
    34.029922967605

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    FAQs

    What type of property is this?
    Restaurant - High-Cap Rate Restaurant Property
    Where is this restaurant located?
    The property is located at 1704 Bush River Rd Columbia, SC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Two separate buildings on the property.; Indian restaurant: New 5-year lease with a 5-year renewal option; 2% annual rent increases.; Butcher shop: 3-year lease with two renewal options (4 & 3 years); 10% rent increase at each renewal.
    Request Owner's contact information
    1704 Bush River Rd Columbia, SC 29210
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    Columbia, SC 29210
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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
    1704 Bush River Rd Columbia, SC 29210
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