823 Gervais StColumbia, SC 29201
- Other commercial real estate
- 18,568 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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