1929 Marion St Columbia, SC 29201

This exceptional investment opportunity presents a 1,964 square foot, Class B office building located at 1929 Marion Street in Columbia, South Carolina. The property, built in 1930 and renovated in 2020, sits on a 0.12-acre lot and is zoned C-1. Currently operating under a triple-net lease with Clear Dot Charter School, the building boasts 100% occupancy with a lease commencement date of May 2, 2024, and a remaining lease term of three years. The building features a main level encompassing six private offices, a conference room, reception area, workroom, and two bathrooms. A substantial second-floor bonus area of 1,142 square feet (not included in the 1,964 square foot rentable area) offers additional workspace or storage, complete with HVAC, windows, and carpeting. The property generates a strong net operating income (NOI) of $22,000, resulting in an attractive 5.50% capitalization rate. The asking price is $399,999, translating to $203.67 per square foot. Real estate taxes are exempt due to the tenant being a South Carolina state-sponsored school. This is a rare opportunity to acquire a stable, net-leased investment property in a desirable Columbia location. The property's strong tenant, excellent location, and attractive financial metrics make it an ideal addition to any investment portfolio.