2221 Devine St
Columbia, SC 29205
Office Property For Sale

On behalf of the City of Columbia, South Carolina, CBRE is pleased to present for your consideration the ability to acquire 2221 Devine Street, a unique redevelopment opportunity of ±2.83 acres site in historic and storied Five Points. The site currently contains a six-story office building (±96,753) and adjoining surface lot and attached parking garage containing ±313 total parking spaces. Originally launched with focus on a ±1.16-acre portion (of the ±2.83 total acres) for redevelopment to hotel use of the existing office building, the City will consider all proposals for redevelopment of the entire ±2.83-acre parcel. All redevelopment proposals must contain a public parking component. The delivery of a high-quality redevelopment and public parking available to the patrons of Five Points is the primary objective of this offering. Considering 2221 Devine Street’s dynamic location overlooking Five Points, close proximity to downtown Columbia, the University of South Carolina (USC) and other demand drivers, this site is a prime location for redevelopment. Interested developers are urged to conduct a formal property tour with CBRE. CBRE will be collecting redevelopment proposals from qualified developers through Wednesday, September 9, 2020. Please note this offering is being run by CBRE and is not a Public Procurement process. OPPORTUNITY OVERVIEW Five Points is Columbia’s original village neighborhood and is home to some of the City’s most charming retail, dining and entertainment venues. The redevelopment of 2221 Devine Street is expected to be a pivotal step in the City’s efforts to support this neighborhood’s continued growth by providing much-needed additional public parking for the patrons of Five Points. The ±2.83-acre site is currently developed with an office building and ±313 parking spaces. The existing improvements can either be repurposed or can be demolished to allow a developer to create a brand new structure. The six-story office building was originally constructed in 1975 and measures ±90,988 square feet in addition to a basement measuring ±5,765 square feet. The building features average floor plates of ±15,164 square feet and generously-sized windows,