7450 Richard St Columbia, SC 29209-3767
- Commercial real estate
- 140,100 SF
- 7.12 lot acres
Apr 22, 2021
Current Use by Public Records
- Commercial real estate
Property Details for 7450 Richard St
- Year built
- 1998
- Lot size
- 7.12 lot acres
- Property size
- 140,100 SF
- Zone code
- M-2
- Property type
- Commercial real estate
- APN
- R16305-02-07
- APU
- R163050207
Description
This exceptional Class A industrial property, located at 7450 Richard Street in Columbia, South Carolina, presents a unique investment opportunity. The property encompasses a total of approximately 122,616 square feet across two buildings situated on a secure 7.12-acre lot. Building 1 offers approximately 110,716 square feet, including approximately 37,310 square feet of climate-controlled warehouse space featuring three 50-ton Trane units (installed October 2017), 16 grade-level drive-in doors (with capacity for up to 8 dock-high doors), and a substantial 3.5-acre laydown yard. Building 2 provides an additional approximately 11,900 square feet of space. The property boasts a 20-foot clear height (eaves) and 32-foot clear height (center), steel frame construction with concrete and insulated walls, LED lighting, and a 100% sprinkler system with an ordinary hazard rating. Utilities include gas and compressed air lines throughout, and electrical service is 480/277 volts, 3-phase, with a 1600-amp panel. The property is zoned LI (Light Industrial) and offers easy access to I-77, providing convenient access to the Columbia Airport and other key destinations. The asking price is $10,300,000 ($84 per square foot). This property is ideal for businesses requiring significant warehouse space, outside storage, or heavy parking needs.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,585,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,994,000
- AI Estimate
- $12,994,000
Market price range: $5.62M - $20.9MMarket price range: $5.62M - $20.9M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $12,995,000 Current use
- RETAIL STORES
- $15,480,000 Change: +19% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Richland
- State
- South Carolina
- Longitude
- -80.9567
- Latitude
- 33.9523
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA