Property profile

109 Shakespeare Rd Columbia, SC 29223

OFF-MARKET
Retail properties & Spaces
12,000 SF 2.97 ac lot Built 1992
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Property summary

AI-generated overview

This ±12,000 square foot freestanding retail building in Northeast Columbia, South Carolina, presents a unique investment opportunity. Situated on a 2.97-acre lot (including a ±1.79-acre adjacent outparcel suitable for expansion), this Class B property boasts 232 feet of frontage on Columbia Mall Blvd. Built in 1992, the building is zoned GC - General Commercial (APN: 16904-01-10, 16904-01-16) and offers 18 parking spaces. The property's prime location provides convenient access to I-20 (1.2 miles) and I-77 (2 miles). Currently available for sale at $900,000 or lease at $8 per square foot NNN. This location benefits significantly from its proximity to the $40 million redevelopment project at Columbia Place Mall, which will house the Department of Social Services, Department of Juvenile Justice, and the Voter Registration Office for the State of South Carolina. This redevelopment project presents a significant opportunity for increased foot traffic and business growth. The property's size and location make it suitable for a variety of retail uses, and the adjacent outparcel offers potential for future expansion. This is a rare opportunity to acquire a substantial retail property in a rapidly developing area of Columbia.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1992
Total area 12,000 SF
Lot 2.97 ac (129,373 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Location

109 Shakespeare Rd Columbia, SC 29223
Columbia metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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