Investment Overview

Marcus & Millichap is pleased to present the Keystone Development Site, a 10.52-acre entitled multifamily development parcel located at NE S Legrand Rd in Columbia, South Carolina. The site is zoned R6 (Multifamily) under Richland County and permits high-intensity residential development of ~18 units per acre, supporting the delivery of up to approximately 198 new residential units. The offering delivers a rare, fully entitled development opportunity in a supply-constrained submarket with direct access to major transportation, utility infrastructure, and regional employment centers. The R6 designation provides developers meaningful flexibility across product types, supporting garden-style, townhome, or mid-rise multifamily configurations aligned with market demand. The Keystone Development Site is positioned within close proximity to Scout Motors’ $2 billion electric vehicle manufacturing plant in Blythewood, one of the largest economic development projects in Richland County history. Scout Motors is projected to create approximately 5,000 permanent jobs across the primary production plant and adjacent supplier park at full capacity, with initial vehicle production targeted for late 2026. The broader Columbia MSA continues to benefit from sustained population and job growth anchored by the University of South Carolina, Prisma Health, Fort Jackson, and a rapidly expanding advanced manufacturing base, driving structural demand for new housing supply.