1901 Academy StColumbia, SC 29203

  • Commercial real estate
  • 1,361 SF
For Sale
$599,900 View listing

Property Details for 1901 Academy St

Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.15 AC
Property size (Sq ft)
1,361 SF
Zone code
C-1
Property type
Commercial real estate
APN
R11504-26-14
APU
R115042614

Description

This exceptional 6,534 square foot commercial property, located at 1901 Academy Street in Columbia, South Carolina, presents a unique investment opportunity. Recently renovated, the main building boasts three bedrooms and two full bathrooms, offering versatile space. A separate, self-contained one-bedroom, one-bathroom apartment unit is situated atop the garage, adding to the property's income potential. Its prime location near downtown Columbia ensures convenient access to Prisma Health hospital, Interstate 277, and public transportation, maximizing visibility and accessibility for any business. The property benefits from a newly installed sprinkler system, enhancing safety and security. Zoned MU-2: MIXED-USE DISTRICT, this property is ideally suited for a variety of uses, including multifamily residential, medical offices, nursing facilities, or restaurants and bars. Ample parking is available on-site, and the property offers significant potential for expansion. Lease options are available for qualified tenants. Serious inquiries are encouraged to explore the possibilities of this versatile and well-located commercial property. The asking price is $599,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $192,372
    Hospitality
    $176,212
    Educational
    $146,606
    Medical
    $151,648
    Retail
    $228,054

Location Insight

City
Columbia
County
Richland
State
South Carolina
Latitude
34.0301
Longitude
-81.0302
CBSA code
17900
CBSA name
COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$804
-
-
-
-
-
-
$28,000

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