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    OFF-MARKET
    Retail properties & Spaces

    925 Park St, Columbia, SC 29201

    12,170 SF 0.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 925 Gervais St. & 1217 Park St. in Columbia, South Carolina, presents a compelling redevelopment opportunity. The 12,170 square foot building, classified as Class B, features two stories. The first floor is currently configured for restaurant/retail use, while the second floor provides executive office space. The property sits on a 0.5-acre lot and includes a separate 0.5-acre parking lot at 1217 Park St., offering 63 existing parking spaces with potential for expansion up to 100 spaces. The property benefits from a Regional Activity Center zoning designation by the City of Columbia, and is situated within the City Center Design Overlay District. A Bailey Bill is in place with approximately 15 years remaining. Its prime location in the heart of The Vista provides convenient access to the Central Business District, the University of South Carolina campus, and a vibrant array of restaurants and bars. This property is ideal for investors seeking a mixed-use, multi-family, or hotel development project in a high-demand area. The existing building and ample parking provide a solid foundation for a variety of exciting redevelopment possibilities. The zip code is 29201, and the property is located in Richland County.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 12,170 SF
    Lot 0.5 ac (21,780 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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