2821 Millwood Ave Columbia, SC 29205-1261
- Commercial real estate
- 4,844 SF
Apr 02, 2025
Current Use by Public Records
- Green Law Firm / Law Firm
Property Details for 2821 Millwood Ave
- Year built
- 1965
- Construction
- FRAME
- Property size
- 4,844 SF
- Zone code
- NAC
- Property type
- Commercial real estate
- APN
- R11413-09-13
- APU
- R114130913
Description
This exceptional 4,844-square-foot office building presents a compelling investment opportunity in Columbia, South Carolina. Situated on a half-acre lot at 2821 Millwood Ave, this single-story structure benefits from high visibility on a major thoroughfare. The property is conveniently located near the Central Business District and Forest Acres, offering easy access to key amenities and a thriving business community. The interior layout is versatile, featuring a spacious, naturally lit reception area, eight to ten smaller offices or conference rooms, two to three larger offices or conference rooms, and a dedicated break room. Significant storage space is also available throughout the building. Ample parking is provided with six spaces in the front lot and an additional twenty spaces, including one handicapped-accessible space, in a rear lot. The property is zoned GC and boasts APN numbers R11413-09-13 and R11413-09-02. Currently vacant, this property offers immediate occupancy and the potential for customization to suit a variety of business needs. The asking price is $899,000. This is a rare opportunity to acquire a well-maintained, strategically located office building in a desirable area of Columbia.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $600,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,060,000
- 6.5%
- $975,000
- 7%
- $905,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $565,000
- AI Estimate
- $565,000
Market price range: $359k - $873kMarket price range: $359k - $873k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $565,000 Current use
- OFFICE BUILDING
- $560,000 Change: -1% Conversion: Easy
- RETAIL STORES
- $535,000 Change: -5% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Richland
- State
- South Carolina
- Longitude
- -81.0016
- Latitude
- 34.0033
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA