1201 Colonial Commons Ct Lancaster, SC 29720
Exceptional investment opportunity: Two medical office buildings totaling 8,482 square feet situated on a 0.82-acre lot in Lancaster, South Carolina. Built in 1992, this Class C property features two two-story buildings. Building 1, located at 1201 Colonial Commons Ct, is configured as a medical office with approximately 14 rooms, a file room, reception area, and waiting room. It's also wired for an X-ray room and includes an upper-level workspace. Building 2, at 1203 Colonial Commons Ct, offers three curtained areas, a reception area, waiting room, file room, a large open space, and upper-level workstations. Currently, one building is leased (rental amount available upon request). The property is offered at $1,100,000, representing a price per square foot of $129.69. The current lease is a single-tenant, NNN lease with a remaining term of approximately two months, commencing August 1, 2024, and expiring January 31, 2025. This prime location offers proximity to MUSC (Medical University of South Carolina), making it an ideal investment for medical professionals or investors seeking a strong return. The property is offered as a fee-simple sale; no ground lease is involved.
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Heinig Michael F MD Physician
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McCarthy, William Golden, MD Physician
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Dr. Thomas G. Fleischer, MD Physician
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Eugene Neal Powell, MD Physician
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Paul Henson Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.