1101 Charleston Hwy West Columbia, SC 29169
- Industrial properties
- 5,120 SF
- 0.65 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 1101 Charleston Hwy
- Year built
- 1980
- Lot size
- 0.65 lot acres
- Property size
- 5,120 SF
- Zone code
- C2
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 004633-07-004
- APU
- 463307004
Description
This exceptional mixed-use investment property, located at 1101 Charleston Highway in West Columbia, South Carolina, presents a compelling value-add opportunity. The property encompasses a 0.88-acre lot with two buildings totaling 9,200 square feet, strategically situated on a high-traffic corner with excellent visibility. The main building, offering 5,200 square feet, features upstairs office space currently divided into six individual offices with separate leases. The ground floor is currently leased. A second, 4,000-square-foot industrial building with five bays is situated on the property and is currently owner-occupied. The property boasts five dock-high doors, ideal for efficient loading and unloading. Built in 1970, this two-story structure is zoned C2-General Commercial, allowing for diverse uses. Currently operating at 20% occupancy, the property generates a net operating income (NOI) of $54,000, with a pro-forma NOI projected at $82,800, reflecting a significant potential for increased profitability. The asking price is $800,000, representing a current cap rate of 6.75% and a pro-forma cap rate of 10.35%. The property's location offers easy access to major highways (Hwy-321 & Hwy-1), experiencing over 14,000 vehicles per day on Charleston Highway, and is less than five miles from the Columbia Metropolitan Airport (CAE). This property is being offered as a multi-tenant investment with one current tenant under a lease with one year remaining. The property's potential for increased occupancy and rental income makes it an attractive investment in a rapidly growing area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Columbia
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.0742
- Latitude
- 33.9793
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA
