1235 Chapin Rd Chapin, SC 29036
- Strip malls
- 46,031 SF
- 12.16 lot acres
Current Use by Public Records
- Strip malls
Property Details for 1235 Chapin Rd
- Year built
- 2016
- Lot size
- 12.16 lot acres
- Property size
- 46,031 SF
- Zone code
- GC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 000721-02-017
- APU
- 72102017
Description
Exceptional commercial land investment opportunity in Chapin, South Carolina, available in parcels ranging from 0.84 to 4.45 acres. This property is part of the high-performing Chapin Crossings Shopping Center, anchored by a Publix supermarket that boasts some of the best sales figures in the Carolinas since its opening in Q3 2016. The center also features a strong lineup of national tenants including Anytime Fitness, Pacific Dental, Marco's Pizza, Jersey Mike's, and Verizon Wireless. These businesses benefit from a wider-than-average customer draw due to the surrounding lakefront residential areas. A new building was added to the center in Q3 2018. The location is ideal, situated in the heart of downtown Chapin near Lake Murray, a high-growth market. The property is zoned for General Commercial use and presents excellent potential for various businesses, including retail, fast food, medical/urgent care, pet supply stores, banks/credit unions, and restaurants (breakfast and dinner). The area's economic strength is further enhanced by the presence of Samsung's new home appliance manufacturing facility in nearby Newberry, employing approximately 800 workers. High traffic counts of 13,400 vehicles per day (VPD, 2021) underscore the significant visibility and accessibility of this location. This is a rare opportunity to acquire land in a thriving, established commercial center.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,055,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,045,000
- 6.5%
- $1,240,000
- 7%
- $1,250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,150,000
- Geo Method
- $1,100,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $885,000
- Retail
- $1,090,000
- Mixed-Use
- $1,135,000
- Hospitality
- $880,000
- Educational
- $1,115,000
- Residential Income
- $1,105,000
- Energy
- $985,000
- Income-Based Land
- $1,190,000
- Food Service
- $1,150,000
Location Insight
- Map
- Local Demand
- City
- Chapin
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.3522
- Latitude
- 34.1645
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA
