1925 Laurel St Columbia, SC 29201

Property Details for 1925 Laurel St

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.76 lot acres

Property size

54,735 SF

Zone code

M-1

Property type

Commercial real estate

APN

R11404-06-08

APU

R114040608

Description

This exceptional investment opportunity presents a 53,464-square-foot warehouse located at 1925 Laurel St, Columbia, SC 29201. The property, situated on a 2.14-acre lot in Richland County, boasts a desirable location within the Central Business District, offering convenient access to major interstates: I-26 (3 miles), I-20 (4 miles), I-77 (6 miles), and Columbia Airport (9 miles). Built in phases (1963, 1980, 2000), the building features a mix of 20' to 40' ceiling heights, three dock-high doors, and 28 parking spaces. Currently operating under a 7-year net lease (commencing February 29, 2024, and expiring February 27, 2031), the property generates a substantial net operating income (NOI) of $345,641, representing an attractive 8.00% capitalization rate. The asking price is $4,300,000, translating to $80.43 per square foot. The property is zoned for EC-Light Manufacturing & Research & Development. A significant advantage is the presence of solar panels, resulting in a $0 monthly power bill and generating an additional $9,000 annual income for the landlord, supplemented by a $1,750 monthly payment from the tenant specifically for solar panel usage. The building is constructed of metal and masonry. This fully leased asset offers a compelling investment prospect in a thriving South Carolina market with low vacancy rates (3.9% overall, 4.3% in the Southeast Columbia submarket).

Location Insight

City

Columbia

County

Richland

State

South Carolina

Longitude

-81.025

Latitude

34.0138

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments