2572 Fish Hatchery RdWest Columbia, SC 29172

Property Details for 2572 Fish Hatchery Rd

Year built

1982

Lot size

0.95 AC

Property size (Sq ft)

1,980 SF

Property type

Other commercial real estate

APN

006898-01-051

APU

689801051

Description

This exceptional investment opportunity presents a versatile 6,000-square-foot mixed-use property located at 2572 Fish Hatchery Rd, West Columbia, SC 29172. The property consists of two buildings totaling 6,000 square feet of net rentable space, situated on a 0.95-acre lot. One building is a 4,000-square-foot, two-story structure featuring currently leased residential apartments on the second floor and potential retail space on the first. An additional 2,000-square-foot building is also included. The property boasts a new roof installed in 2023, public water, and a septic system. Currently operating with two tenants, the property offers a strong net operating income (NOI) of $27,400, resulting in a 7.21% cap rate. The asking price is $380,000, translating to $63.33 per square foot. Built in 1994, this Class C property is zoned ID, allowing for a wide range of industrial and commercial uses. The property's strategic location in Lexington County, South Carolina, offers convenient access to major transportation routes. The occupancy date is September 1, 2024. This property is ideal for a 1031 exchange. The property's robust infrastructure and prime location in a thriving industrial market promise significant long-term value and growth potential. The APN is 006898-01-051.

• Alternative Use

  Use

  Valuation

  Residential

  $319,835

  Hospitality

  $292,967

  Educational

  $243,745

  Medical

  $252,128

  Retail

  $379,160

Location Insight

City

West Columbia

County

Lexington

State

South Carolina

Latitude

33.9225

Longitude

-81.0907

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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