901 Meeting StWest Columbia, SC 29169

Property Details for 901 Meeting St

Year built

1945

Construction

WOOD

Lot size

0.80 AC

Property size (Sq ft)

928 SF

Zone code

C2

Property type

Office properties

Property subtype

Office buildings

APN

004635-05-004

APU

463505004

Description

This exceptional investment opportunity presents two freestanding retail buildings situated on a highly visible corner lot in West Columbia, South Carolina. The property boasts a prime location at the intersection of Meeting Street, 9th Street, and Center Street, benefiting from a high volume of daily traffic, estimated at approximately 5,900 vehicles. The larger building offers 2,238 square feet of retail space, while the second building provides 928 square feet and is currently operating on a month-to-month lease. The combined property encompasses a sizable 0.80-acre lot, providing ample space and potential for future development or expansion. Convenient parking is available with 26 spaces. The property is designated as an Opportunity Zone, offering potential tax advantages for qualified investors. The property's address is 901 Meeting Street, West Columbia, SC 29169, and its Assessor's Parcel Number (APN) is 004635-05-004. This turnkey investment is priced at $1,400,000 and is offered on a Net, Net, Net (NNN) lease structure. The strategic location and substantial size make this an attractive proposition for investors seeking a strong return in a thriving South Carolina market.

• CAP approach

  CAP return

  Valuation

  6%

  $134,563

  6.5%

  $124,212

  7%

  $115,339

• Comparable approach

  Method

  Valuation

  Relative Method

  $56,936

  Geo Method

  $157,148

• Alternative Use

  Use

  Valuation

  Residential

  $154,022

  Hospitality

  $141,084

  Educational

  $117,380

  Medical

  $121,417

  Retail

  $182,591

Location Insight

City

West Columbia

County

Lexington

State

South Carolina

Latitude

33.9903

Longitude

-81.0679

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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