1501 Bush River RdColumbia, SC 29210

Property Details for 1501 Bush River Rd

Year built

1980

Lot size

0.14 AC

Property size (Sq ft)

2,255 SF

Zone code

C2

Property type

Retail properties

Property subtype

Strip malls

APN

003697-05-017

APU

369705017

Description

This exceptional value-add opportunity presents a 2,125 square foot retail center situated at 1501 Bush River Road in Columbia, South Carolina, within Lexington County, zip code 29210. The property, classified as Class C, is currently 100% occupied by three tenants under a modified lease structure. The asking price is $295,000, translating to a price per square foot of $138.82. The single-story building offers ample parking with six spaces available for tenants and customers. This multi-tenant storefront property presents a strong investment opportunity due to its high occupancy rate and prime location on a busy thoroughfare, just a quarter-mile from Interstate 26, ensuring high visibility and accessibility. The property features a total of 2,125 net rentable square feet, distributed among three units. The sale is offered directly by the owner, presenting a streamlined transaction process. This is an affordable opportunity for investors seeking a stable, income-generating asset in a desirable location. The property is not subject to a ground lease.

• CAP approach

  CAP return

  Valuation

  6%

  $498,529

  6.5%

  $460,181

  7%

  $427,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $415,799

  Geo Method

  $962,292

• Alternative Use

  Use

  Valuation

  Residential

  $388,180

  Hospitality

  $355,570

  Educational

  $295,830

  Medical

  $306,004

  Retail

  $460,181

Location Insight

City

Columbia

County

Lexington

State

South Carolina

Latitude

34.0312

Longitude

-81.1103

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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