100 Gateway Corporate BlvdColumbia, SC 29203
- Other commercial real estate
- 30,562 SF
Property Details for 100 Gateway Corporate Blvd
- Year built
- 1992
- Construction
- FRAME
- Lot size
- 3.08 AC
- Property size (Sq ft)
- 30,562 SF
- Zone code
- M-1
- Property type
- Other commercial real estate
- APN
- R17200-03-15
- APU
- R172000315
Description
This exceptional two-story office building, totaling 28,500 square feet, is situated on a 3.1-acre lot in Northeast Columbia, South Carolina. Built in 1992 and renovated in 2000, the property boasts ample parking and is ideally located just off Interstate 77 and Farrow Road, providing convenient access to major roadways. Currently leased to Webster University with a remaining two-year lease term, this property presents a compelling investment opportunity. Its prime location in the thriving Northeast corridor offers proximity to MUSC Medical Northeast, numerous retailers, restaurants, and businesses, enhancing its appeal as a medical office or general office space. The area benefits from consistent economic growth, further bolstered by the nearby Scout Motors manufacturing plant, creating 4,000 new jobs. The property's strong location, combined with a 7.3% cap rate and a large 3.1-acre lot, makes it an attractive investment for discerning buyers. The building is approximately 10.2 miles from Interstate 77 and serves a vibrant local market with approximately 46,846 households within a 5-mile radius. This is a rare opportunity to acquire a well-maintained, strategically located office building in a rapidly growing area of Columbia, SC. The asking price is $4,200,000, with a price per square foot of $147.37. The property is zoned for both creative office and medical office uses.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $4,319,824
- Hospitality
- $3,956,936
- Educational
- $3,292,124
- Medical
- $3,405,346
- Retail
- $5,121,082
Location Insight
- City
- Columbia
- County
- Richland
- State
- South Carolina
- Latitude
- 34.1053
- Longitude
- -80.9552
- 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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