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Multi-Family

Columbia, SC MF Land

846 Piney Grove Rd, Columbia, SC 29210

Listing Price: $1,575,000

Lot Size
15.40 acres
Price/Acre
$102,273
Land Type
Land

Investment Overview

Marcus and Millichap is pleased to present for sale 15.4 acres of land zoned High Density Residential in Columbia, SC. The property is conveniently located just 9 miles north west from Columbia's central business district and only 2 miles from Harbison Blvd district, with Columbiana Centre mall, which is Columbia largest retail destination. The site has access from Piney Woods Rd is only one-half mile to I-26 which has a Costco, Starbucks, and other restaurant and convenience options. Within three miles of the site are three grocery store options including Costco, Publix, and Food Lion. The location has excellent proximity to the most heavily traveled interstate in South Carolina (I-26) and a convenient zone access to two major arterial roads, St. Andrews Rd and Broad River Rd, which offers a short commute to major employers in Richland and Lexington county. There has not been any new multifamily construction since 2003 within three miles of this site.
According to Costar: the vacancy rate in this Submarket has compressed moderately over the past four quarters, and at 6.3%, is slightly below the long-term average.
Nothing has delivered here over the past year. Over the past five years, the submarket's existing inventory has contracted due to demolitions. New supply will remain minimal in the near-term as nothing is currently underway. Rents have increased by an impressive 4.9% over the past year, which significantly exceeds the average annual growth of 3.5% over the past decade.

Investment Highlights

  • 15.4 Acres Zoned High Density Residential -16 Units Per Acre
  • Close to Area Retail, Grocery, Recreation, and Employment
  • Excellent Proximity to Interstate and Arterial Corridors

Exclusively Listed By

Listing Price: $1,575,000

Lot Size
15.40 acres
Price/Acre
$102,273
Land Type
Land

Investment Highlights

  • 15.4 Acres Zoned High Density Residential -16 Units Per Acre
  • Close to Area Retail, Grocery, Recreation, and Employment
  • Excellent Proximity to Interstate and Arterial Corridors

Investment Overview

Marcus and Millichap is pleased to present for sale 15.4 acres of land zoned High Density Residential in Columbia, SC. The property is conveniently located just 9 miles north west from Columbia's central business district and only 2 miles from Harbison Blvd district, with Columbiana Centre mall, which is Columbia largest retail destination. The site has access from Piney Woods Rd is only one-half mile to I-26 which has a Costco, Starbucks, and other restaurant and convenience options. Within three miles of the site are three grocery store options including Costco, Publix, and Food Lion. The location has excellent proximity to the most heavily traveled interstate in South Carolina (I-26) and a convenient zone access to two major arterial roads, St. Andrews Rd and Broad River Rd, which offers a short commute to major employers in Richland and Lexington county. There has not been any new multifamily construction since 2003 within three miles of this site.
According to Costar: the vacancy rate in this Submarket has compressed moderately over the past four quarters, and at 6.3%, is slightly below the long-term average.
Nothing has delivered here over the past year. Over the past five years, the submarket's existing inventory has contracted due to demolitions. New supply will remain minimal in the near-term as nothing is currently underway. Rents have increased by an impressive 4.9% over the past year, which significantly exceeds the average annual growth of 3.5% over the past decade.

Exclusively Listed By

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