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Multifamily

Land Bank Lofts

1401 Hampton St, Columbia, SC 29201

Listing Price: Request For Offer

Number of Units
113
Occupancy
87.0%
Gross SF
73,039

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing of Land Bank Lofts apartments in downtown Columbia, SC. Land Bank consist of 113 units on 2.2 acres with 130 surface parking spots in the heart of South Carolinas capital city.
Built in 1923 with an addition in 1935, the asset originally known as the Federal Land Bank Building was completely renovated utilizing historic tax credits in 2016. Built of reinforced concrete block with limestone details and marble columns, Land Bank is primed for value add enhancements that will allow for immediate rent growth and strengthen its position as one the premier downtown residences in Columbia.
Land Bank Lofts has a desirable unit mix of studios, one bedroom, and two bedroom floorplans. Each unit features open floor plans with high ceilings, stainless steel appliances, quartz countertops, and stackable washer and dryer every unit. Common area amenities include a pool, business center, 24 hour secure entry, and on-site surface parking for every unit which is rare amongst the competitive set.
The downtown area of Columbia is the business, entertainment, and cultural center of central South Carolina. As one of the most populated cities in the State, Columbia offers a unique fusion of work, entertainment, education, and recreation that attracts residents to downtown living.
A recent UN population study ranked Columbia seventh overall in projected population growth among U.S. cities of 500,000 inhabitants or more, with 43% increase by 2030. Land Bank offers an investor an exceptional long term real estate investment with upside potential through a common area improvement plan. By aesthetically improving on the competitive strengths of the property like the gated on-site surface parking, the pool area and other common areas, Land Bank will thrive from the growth and migration to South Carolinas capitol city.

Investment Highlights

  • 113 Units | Masterfully Restored Building | Great Location in Downtown Columbia
  • Gated Surface Parking - 145 Spots on 2.22 Acres
  • High End Interior Finishes | Quartz Counter Tops | Juliet Balconies on First Floor
  • Across the Street from One of the Largest Employers - Palmetto Health Hospital
  • Short Walk to Area Restaurants and Entertainment Venues
  • Short Walk or Bike Ride to UofSC

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
113
Occupancy
87.0%
Gross SF
73,039

Investment Highlights

  • 113 Units | Masterfully Restored Building | Great Location in Downtown Columbia
  • Gated Surface Parking - 145 Spots on 2.22 Acres
  • High End Interior Finishes | Quartz Counter Tops | Juliet Balconies on First Floor
  • Across the Street from One of the Largest Employers - Palmetto Health Hospital
  • Short Walk to Area Restaurants and Entertainment Venues
  • Short Walk or Bike Ride to UofSC

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing of Land Bank Lofts apartments in downtown Columbia, SC. Land Bank consist of 113 units on 2.2 acres with 130 surface parking spots in the heart of South Carolinas capital city.
Built in 1923 with an addition in 1935, the asset originally known as the Federal Land Bank Building was completely renovated utilizing historic tax credits in 2016. Built of reinforced concrete block with limestone details and marble columns, Land Bank is primed for value add enhancements that will allow for immediate rent growth and strengthen its position as one the premier downtown residences in Columbia.
Land Bank Lofts has a desirable unit mix of studios, one bedroom, and two bedroom floorplans. Each unit features open floor plans with high ceilings, stainless steel appliances, quartz countertops, and stackable washer and dryer every unit. Common area amenities include a pool, business center, 24 hour secure entry, and on-site surface parking for every unit which is rare amongst the competitive set.
The downtown area of Columbia is the business, entertainment, and cultural center of central South Carolina. As one of the most populated cities in the State, Columbia offers a unique fusion of work, entertainment, education, and recreation that attracts residents to downtown living.
A recent UN population study ranked Columbia seventh overall in projected population growth among U.S. cities of 500,000 inhabitants or more, with 43% increase by 2030. Land Bank offers an investor an exceptional long term real estate investment with upside potential through a common area improvement plan. By aesthetically improving on the competitive strengths of the property like the gated on-site surface parking, the pool area and other common areas, Land Bank will thrive from the growth and migration to South Carolinas capitol city.

Exclusively Listed By

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