1150 Shop RdColumbia, SC 29201

Property Details for 1150 Shop Rd

Year built

1950

Lot size

9.63 AC

Property size (Sq ft)

1,353 SF

Zone code

HI

Property type

Office buildings

APN

R11210-02-11

APU

R112100211

Description

This exceptional 9.63-acre industrial land parcel presents a compelling investment opportunity in Richland County, South Carolina. Located at 1150 Shop Road, Columbia, SC 29201 (APN: 11210-02-11), this property boasts an unparalleled location, offering convenient access to major thoroughfares and key attractions. Its proximity to Williams-Brice Stadium, the State Fairgrounds, and the vibrant Downtown Columbia area ensures high visibility and strong potential for various commercial ventures. The site's strategic positioning near Interstate 77 further enhances its accessibility and logistical advantages for businesses requiring efficient transportation links. The property's zoning and permitted uses should be independently verified. Given its size and location, this land is particularly well-suited for development projects catering to the significant student population in the area, making it an ideal site for student housing or related commercial enterprises. The seller is open to flexible financing terms, making this an attractive proposition for investors seeking a prime location with advantageous payment options. This is a rare opportunity to acquire a substantial land parcel in a high-demand area with significant growth potential. Interested parties are encouraged to conduct their own due diligence to confirm all aspects of the property and its suitability for their intended use.

• CAP approach

  CAP return

  Valuation

  6%

  $190,941

  6.5%

  $176,253

  7%

  $163,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $77,042

  Geo Method

  $229,117

• Alternative Use

  Use

  Valuation

  Residential

  $218,554

  Hospitality

  $200,194

  Educational

  $166,559

  Medical

  $172,288

  Retail

  $259,092

Location Insight

City

Columbia

County

Richland

State

South Carolina

Latitude

33.9735

Longitude

-81.0097

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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