3321 Main StColumbia, SC 29203

Property Details for 3321 Main St

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

2,110 SF

Zone code

CAC

Property type

Retail properties

Property subtype

Gas stations

APN

R09112-09-01

APU

R091120901

Description

This exceptional 0.57-acre commercial land parcel presents a remarkable investment opportunity in the heart of Columbia, South Carolina's revitalization zone. Strategically situated at the signalized intersection of North Main Street and Sunset Drive, this property boasts unparalleled visibility and accessibility. The high traffic counts of 10,100 vehicles per day on North Main Street and 19,500 vehicles per day on Sunset Drive ensure maximum exposure for any development. The property is zoned CAC (Community Activity Center) and OV-NMC (North Main Corridor Design Overlay District), offering a range of potential uses. City of Columbia sewer and water services are readily available. The asking price for this prime commercial land is $445,000, representing a compelling value in this rapidly developing area. Its location at the corner of two major thoroughfares makes it ideal for a variety of commercial ventures, capitalizing on the significant daily traffic flow and high visibility. This is a rare opportunity to acquire a strategically located parcel in a thriving urban environment. The property's zoning allows for diverse development options, making it an attractive investment for both short-term and long-term growth.

• CAP approach

  CAP return

  Valuation

  6%

  $383,023

  6.5%

  $353,559

  7%

  $328,305

• Comparable approach

  Method

  Valuation

  Relative Method

  $317,526

  Geo Method

  $900,415

• Alternative Use

  Use

  Valuation

  Residential

  $298,241

  Hospitality

  $273,187

  Educational

  $227,288

  Medical

  $235,105

  Retail

  $353,559

Location Insight

City

Columbia

County

Richland

State

South Carolina

Latitude

34.0298

Longitude

-81.0427

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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