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2306 Forrest St 7,095 SF Health Care Building Offered at $495,000 at a 14% Cap Rate in Cayce, SC 29033
Investment Highlights
- Multiple-building layout / campus-style setup.
- 17 bedrooms
Executive Summary
Investor opportunity in the heart of Cayce!
This large-scale property offers a unique redevelopment or income-producing opportunity just minutes from Downtown Columbia. The property consists of four interconnected buildings totaling approximately 6,970± SF on a 0.53-acre parcel, featuring 17+ private rooms, multiple common lounges, a cafeteria-style kitchen and dining area, on-site laundry, and an administrative office building.
A separate single-family residence on site is currently utilized for staff or manager housing, adding additional flexibility and value. The existing layout and infrastructure provide a strong foundation for a variety of adaptive re-use concepts, including residential, multi-family, senior housing, or other redevelopment possibilities. The property is zoned RG-2 (General Residential), allowing multi-family and residential care uses; buyer to verify intended use.
Unlimited potential. Bring your vision and unlock the value.
This large-scale property offers a unique redevelopment or income-producing opportunity just minutes from Downtown Columbia. The property consists of four interconnected buildings totaling approximately 6,970± SF on a 0.53-acre parcel, featuring 17+ private rooms, multiple common lounges, a cafeteria-style kitchen and dining area, on-site laundry, and an administrative office building.
A separate single-family residence on site is currently utilized for staff or manager housing, adding additional flexibility and value. The existing layout and infrastructure provide a strong foundation for a variety of adaptive re-use concepts, including residential, multi-family, senior housing, or other redevelopment possibilities. The property is zoned RG-2 (General Residential), allowing multi-family and residential care uses; buyer to verify intended use.
Unlimited potential. Bring your vision and unlock the value.
Property Facts
| Price | $495,000 | Lot Size | 0.53 AC |
| Price Per Bed | $29,118 | Building Size | 7,095 SF |
| Sale Type | Investment or Owner User | No. Beds | 17 |
| Cap Rate | 14% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1967 |
| Property Subtype | Assisted Living | Parking Ratio | 1.69/1,000 SF |
| Building Class | B | ||
| Zoning | R2 - The property is zoned RG-2 (General Residential), allowing multi-family and residential care uses; buyer to verify intended use. | ||
| Price | $495,000 |
| Price Per Bed | $29,118 |
| Sale Type | Investment or Owner User |
| Cap Rate | 14% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | B |
| Lot Size | 0.53 AC |
| Building Size | 7,095 SF |
| No. Beds | 17 |
| No. Stories | 1 |
| Year Built | 1967 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | R2 - The property is zoned RG-2 (General Residential), allowing multi-family and residential care uses; buyer to verify intended use. |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 005759-05-010 | Improvements Assessment | $37,154 |
| Land Assessment | $3,600 | Total Assessment | $40,754 |
Property Taxes
Parcel Number
005759-05-010
Land Assessment
$3,600
Improvements Assessment
$37,154
Total Assessment
$40,754
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2306 Forrest St