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Property profile & analytics
OFF-MARKET
Commercial real estate

1201 Colonial Cmns Ct Lancaster, SC 29720

0.82 ac lot Built 1992
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents two professional buildings situated on a 0.82-acre lot at 1201 Colonial Commons Court, Lancaster, SC. Priced at $1,100,000, this property offers significant income potential with its current lease arrangement. Building 1, located at 1201 Colonial Commons Ct, is configured as a medical office, boasting approximately 14 rooms, a dedicated file room, reception area, and a waiting room. It's pre-wired for an X-ray room and includes an upper-level workspace. New flooring has been recently installed in a portion of this building. Building 2, at 1203 Colonial Commons Ct, comprises three curtained areas, a reception area, a waiting room, a file room, a substantial open space, and additional work stations on the upper level. The property's zoning is available upon request from the City of Lancaster. The existing lease on one building will transfer with the sale, providing immediate rental income. The second building is available for immediate occupancy by the new owner, presenting a unique opportunity for owner-occupancy or further leasing. This prime location offers convenient access to MUSC (Medical University of South Carolina), making it an attractive proposition for medical professionals or investors seeking a high-return property in a thriving area. The property's layout and features make it suitable for a variety of professional uses.

Property profile
Verified
Property type Commercial real estate
Year built 1992
Lot 0.82 ac (35,719 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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