$400,000
$675,000
40.7%For more information regarding the value of a property, please contact us for a free consultation.
409 Piney Woods RD Columbia, SC 29212
Key Details
Sold Price $400,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 30769008
Sold Date 05/02/22
Year Built 1998
Property Sub-Type Industrial
Property Description
409 Piney Woods Rd. is an industrial investment opportunity located in the Saint Andrews sub-market of greater Columbia South Carolina. The investment opportunity had an original five year lease term. The industrial auto repair facility is steel construction, two buildings (main 10,500 square-foot facility and additional 3,723 square-foot rear building) with M-1 zoning on approximately 1 acre. Built in 1998 the property has a long history of successful auto repair shops operating in the facility. The current five year lease, expiring March 2025, gross income is 42,000 annually with current ownership only responsible for taxes and insurance. The location offers great frontage visibility off of Piney Woods Road, close proximity to national retailers, interstate 26 access, and an above average affluent demographic in the Saint Andrews sub market. The 2020 taxes were $7,007 and insurance was $754. The 2020 NOI was $34,239.00.
Location
State SC
County Lexington
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with Paul Paschal • Lee & Associates - Charleston