823 Gervais StColumbia, SC 29201

  • Other commercial real estate
  • 18,568 SF
For Sale
$4,250,000 View listing

Property Details for 823 Gervais St

Year built
1950
Construction
FRAME
Lot size
0.28 AC
Property size (Sq ft)
18,568 SF
Zone code
RAC
Property type
Other commercial real estate
APN
R08916-01-19
APU
R089160119

Description

This fully leased, mixed-use building presents a compelling investment opportunity in Columbia, South Carolina's vibrant Vista district. Spanning approximately 18,568 square feet (16,712 net rentable square feet), this two-story property boasts a prime location within a thriving entertainment, dining, and retail area. The building, renovated in 2011, features high ceilings, large windows, and exposed brick and ductwork, creating a unique and attractive space for its tenants. Currently 100% occupied by three established businesses, this property offers immediate cash flow and strong potential for future appreciation. The building's M-1 zoning allows for a variety of uses, enhancing its long-term value. Situated on a 0.28-acre lot, the property benefits from convenient access to on-street parking and two nearby city parking garages. Its central location provides easy access to interstates, the Central Business District, the Columbia Metropolitan Convention Center, the SC State House, the National Advocacy Center, and the University of South Carolina. The surrounding area offers a wealth of cultural and entertainment options, including the Koger Center, EdVenture, the SC State Museum, and the Colonial Life Arena, attracting both residents and visitors. This is a rare opportunity to acquire a high-quality, fully leased asset in a dynamic and rapidly growing urban core. The asking price is $4,250,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,999,345
    Hospitality
    $2,747,384
    Educational
    $2,285,791
    Medical
    $2,364,403
    Retail
    $3,555,675
823 Gervais St, Columbia, South Carolina

Location Insight

City
Columbia
County
Richland
State
South Carolina
Latitude
34
Longitude
-81.0391
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
$8,753
-
-
-
-
-
-
$455,900

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