1704 Bush River Rd Columbia, SC 29210
- Turn key restaurants
- 4,250 SF
- 0.98 lot acres
Current Use by Public Records
- 7 SPICES INDIAN CUISINE & BAR / Restaurant
Property Details for 1704 Bush River Rd
- Year built
- 1984
- Lot size
- 0.98 lot acres
- Property size
- 4,250 SF
- Zone code
- C2
- Property type
- Turn key restaurants
- APN
- 003697-07-004
- APU
- 369707004
Description
Exceptional investment opportunity in Columbia, South Carolina, featuring a mixed-use property totaling 6,750 square feet across two single-story buildings. This prime location boasts high visibility and proximity to numerous retail establishments, hotels, and entertainment venues, including a bowling alley. The property is zoned for commercial use and offers a strong 8.10% cap rate with a current NOI of $97,200. The property is currently leased to two tenants: a thriving Indian restaurant franchise, NAWABI HYDERABAD HOUSE, with a newly signed 5-year lease (plus a 5-year option) and a 2% annual rent increase
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $295,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $250,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $320,000
- Mixed-Use
- $335,000
- Hospitality
- $305,000
- Educational
- $305,000
- Residential Income
- $305,000
- Energy
- $255,000
- Income-Based Land
- $250,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.1147
- Latitude
- 34.0295
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA