1572 Sunnyside Dr Columbia, SC 29204
- Lifestyle centers
- 5,900 SF
- 0.29 lot acres
Current Use by Public Records
- Celtic Concepts / Musician
Property Details for 1572 Sunnyside Dr
- Year built
- 1960
- Lot size
- 0.29 lot acres
- Property size
- 5,900 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional two-tenant retail property in Columbia, SC, offers a compelling investment opportunity. Located at 1572 Sunnyside Dr, this 5,900 square foot shopping center boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $50,563. Built in 1960 and extensively renovated in 2021 (including a new roof with a 20-year warranty and facade improvements), the property is currently 100% occupied by The WRKT. The 0.29-acre lot provides ample parking (9 spaces). The property benefits from a prime location within a densely populated and affluent area, with 8,777 residents within a one-mile radius and an average household income of $119,000. Recent improvements include parking lot resealing and restripping (July 2024). The property's proximity to a major mixed-use redevelopment project, including a grocery store and significant retail space, further enhances its long-term value and potential for appreciation. The property's strong NOI per square foot ($8.57) indicates a durable income stream and the potential for future rent increases. This is a rare opportunity to acquire a well-maintained, high-performing retail asset in a rapidly developing area. The asking price is $700,000, representing a price per square foot of $119. The lease type is modified, and the investment type is classified as Core+.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Richland
- State
- South Carolina
- Longitude
- -80.9938
- Latitude
- 34.0172
