1118 B AveWest Columbia, SC 29169

Property Details for 1118 B Ave

Year built

1955

Lot size

0.18 AC

Property size (Sq ft)

2,294 SF

Zone code

C1

Property type

Turn key restaurants

APN

004635-08-009

APU

463508009

Description

This exceptional freestanding retail building, located at 1118 B Ave in West Columbia, South Carolina, presents a unique investment opportunity. Boasting 2,294 square feet of space on an 8,747 square foot lot, this property offers incredible versatility. Originally a restaurant, the layout is adaptable to a variety of uses, including a restaurant, retail space, office, or cafe. Built in 1955, the building benefits from its prime location in the heart of West Columbia, providing easy access to the vibrant amenities of Downtown Columbia. The surrounding area is characterized by a diverse mix of shops, restaurants, and entertainment venues, ensuring high visibility and foot traffic. This property is ideal for an entrepreneur seeking a well-positioned space to establish or expand their business. The property's size and layout provide ample room for customization and adaptation to suit specific business needs. Its strategic location within a thriving commercial district guarantees a strong potential for return on investment. This is a rare opportunity to acquire a well-situated, versatile commercial property in a rapidly growing area. The zip code is 29169, and the property is situated in Lexington County.

• CAP approach

  CAP return

  Valuation

  6%

  $367,854

  6.5%

  $339,557

  7%

  $315,303

• Comparable approach

  Method

  Valuation

  Relative Method

  $135,849

  Geo Method

  $404,005

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $659,320

  Mixed-Use / Specialty

  $339,498

  Hospitality / Lodging

  $250,578

  Office

  $338,681

  Institutional / Educational

  $353,353

  Residential Income

  $413,423

  Multifamily

  $489,453

  Automotive / Energy

  $302,874

  Parking / Income-Based Land

  $103,380

  Restaurant / Food Service

  $179,033

  Healthcare / Senior Housing

  $346,968

Location Insight

City

West Columbia

County

Lexington

State

South Carolina

Latitude

33.9871

Longitude

-81.0714

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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