2518 Forest DrColumbia, SC 29204
- Commercial real estate
- 8,424 SF
Property Details for 2518 Forest Dr
- Year built
- 1955
- Construction
- FRAME
- Lot size
- 0.33 AC
- Property size (Sq ft)
- 8,424 SF
- Zone code
- O-I
- Property type
- Commercial real estate
- APN
- R11412-06-04
- APU
- R114120604
Description
This exceptional value-add opportunity presents a fully leased, four-unit retail strip center located at 2518-2526 Forest Drive in Columbia, South Carolina. The property, built in 1955 and extensively renovated in 2023, boasts a total of 8,112 square feet of net rentable space, currently operating at 100% occupancy. Each unit is part of a gross lease agreement, generating a substantial net operating income (NOI) of $78,800, resulting in an attractive 9.85% capitalization rate. The asking price is $800,000, translating to $98.62 per square foot. Situated on a 0.33-acre lot, this single-story building is zoned O-I and benefits from its location in a high-traffic area. The property's strong performance and recent renovations make it an ideal investment for those seeking a stable, high-return asset in a desirable market. The property features a single building with four units and is offered as an "as is" sale. The Richland County location and its 29204 zip code offer excellent access to a thriving retail environment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,360,754
- Hospitality
- $1,246,443
- Educational
- $1,037,026
- Medical
- $1,072,691
- Retail
- $1,613,152
Location Insight
- City
- Columbia
- County
- Richland
- State
- South Carolina
- Latitude
- 34.0133
- Longitude
- -81.0097
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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