200 Graces Way Columbia, SC 29229
- Commercial real estate
- 7,532 SF
Current Use by Public Records
- Mimsy’s Jazz Lounge / Restaurant
Property Details for 200 Graces Way
- Year built
- 2004
- Construction
- FRAME
- Property size
- 7,532 SF
- Zone code
- M-1
- Property type
- Commercial real estate
- APN
- R22812-01-54
- APU
- R228120154
Description
This exceptional commercial property, located at 2210 E Expressway 83 Highway #A, offers a prime retail opportunity. The corner unit encompasses 1,950 square feet, ideally suited for a business requiring high visibility and convenient access. Its strategic location within a well-established commercial plaza ensures significant foot and vehicle traffic. The property benefits from proximity to a substantial residential population, major retailers such as CVS and Walmart, and the established communities of Cimarron and Sharyland Plantation. The high traffic count generated by the expressway and frontage road provides unparalleled exposure. Additional space is available; three units totaling 4,550 square feet are available for lease. Units B and C each offer 1,300 square feet and can be subdivided at the owner's expense. Each unit features its own dedicated entrance. The property sits on a 4,839.95 square foot lot and includes 18 parking spaces. The zoning is CO. The property is currently a shell space, with tenant-responsible build-out. However, the owner will provide allowances for meters, an AC unit, perimeter walls, and two months of construction time. Ideal lease terms are 3-5 years. This high-occupancy location presents a rare opportunity for business growth and success. The APN is B186500000000B00.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,025,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,645,000
- 6.5%
- $1,520,000
- 7%
- $1,410,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $971,000
- AI Estimate
- $971,000
Market price range: $432k - $1.50MMarket price range: $432k - $1.50M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $970,000 Current use
- OFFICE BUILDING
- $875,000 Change: -10% Conversion: Easy
- RETAIL STORES
- $830,000 Change: -14% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Richland
- State
- South Carolina
- Longitude
- -80.8817
- Latitude
- 34.1133
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA