Property summary
This exceptional 5.46-acre parcel, located at 1002 Drake St, Columbia, SC 29209 (APN R16408-01-01), presents a fully approved opportunity for a 150-unit multifamily development. The M-1 zoned land is ideally situated in Southeast Columbia, benefiting from proximity to key areas including the Garners Ferry Corridor with I-77 Interchange, Fort Jackson's Main Gate, and the new Cross Hill Market (featuring Whole Foods). This prime location offers convenient access to downtown Columbia and the… University of South Carolina. The site plan encompasses two three-story walk-up garden-style buildings, incorporating amenities such as a dog park, community pool, and sports courts. An adjacent ±1.8-acre parcel is available for acquisition, potentially expanding amenity offerings. The property's strategic location within the Garners Ferry Retail Corridor provides easy access to major national retailers within a 2-3 mile radius. Significant employment opportunities abound in the area, encompassing medical (VA Hospital, USC School of Medicine), education (Richland County School District, USC, Midlands Technical College), and retail sectors (Cross Hill Market, Food Lion Plaza, Shoppes at Woodhill, Landmark Square, and numerous others). Richland County and the City of Columbia offer a property tax abatement program, potentially reducing property taxes by up to 35% for the first ten years, subject to meeting specific criteria. This development opportunity combines a desirable location, strong market demand, and potential tax incentives to create a compelling investment proposition. The asking price is $1,400,000.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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