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    111 Lancewood Rd Columbia, SC 29210

    For Sale
    $1,500,000

    20,000 SF Office, Prime Location, $1.5M

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 20,000 square foot executive office building, located at 111 Lancewood Road in Columbia, South Carolina, presents a compelling investment opportunity. The property, built in 1974, boasts a Class B designation and sits on a generous 2.49-acre lot, offering ample parking. The building features a perimeter office layout with a large internal bullpen, providing flexibility for various business needs. Currently zoned GC (General Commercial) in Richland County, this property benefits from its convenient location in close proximity to I-26, ensuring easy access for employees and clients. The existing tenant lease extends through December 31, 2024, providing immediate income potential for the new owner. The asking price for this well-maintained office building is $1,500,000. This presents a rare chance to acquire a substantial office property in a desirable location with existing income and significant upside potential. The expansive parking lot and strategic location make this a highly attractive investment for both seasoned and emerging investors in the Columbia commercial real estate market. The property's zoning allows for a wide range of commercial uses, offering flexibility for future development or tenant occupancy. This is a turnkey opportunity to acquire a valuable asset in a thriving South Carolina market.

    Property Features for 111 Lancewood Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    20,000 SF
    Class
    B
    Lot Size
    108,464 SF

    Building Details

    Year Built
    1974

    HighLights

    • Ample parking available.
    • Perimeter office design with spacious open workspace.
    • Zoned General Commercial, Richland County.
    • Excellent I‑26 accessibility.
    • Existing lease through December 31, 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AMCOL Systems, Inc. Health Insurance Agency Rickman And Rickman Bookkeeping Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -81.094008
    Latitude
    34.0299466

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    FAQs

    What type of property is this?
    Office Property / Space - 20,000 SF Office, Prime Location, $1.5M
    Where is this office property / space located?
    The property is located at 111 Lancewood Rd Columbia, SC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Ample parking available.; Perimeter office design with spacious open workspace.; Zoned General Commercial, Richland County.
    (803) 567-5454
    Request Owner's contact information
    111 Lancewood 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
    111 Lancewood Rd Columbia, SC 29210
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