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925 Gervais St
Columbia, SC 29201
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Bailey bill special property tax assessment already in place (approximately 15 years remaining)
- Ability to convert to 100% office, boutique hotel, or multi-family
- Current configuration is evenly split between first floor restaurant/retail space and second floor office space
- Up to 35 dedicated surface parking spaces directly behind the building
EXECUTIVE SUMMARY
±12,170 Total SF
Two-stories split evenly between 1st floor restaurant/retail & 2nd floor office space
Suitable for owner-user or value-add opportunity
Bailey Bill in place with approximately 15 years remaining
Eligible for abandoned building tax credits
Walking distance to CBD, USC campus & numerous bars & restaurants
Parking available in adjacent lot behind building. Pricing available upon request
Two-stories split evenly between 1st floor restaurant/retail & 2nd floor office space
Suitable for owner-user or value-add opportunity
Bailey Bill in place with approximately 15 years remaining
Eligible for abandoned building tax credits
Walking distance to CBD, USC campus & numerous bars & restaurants
Parking available in adjacent lot behind building. Pricing available upon request
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,170 SF
Building Class
B
Year Built/Renovated
1910/1980
Price
$2,300,000
Price Per SF
$188.99
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.86
Lot Size
0.15 AC
Zoning
GC - Regional Activity Center (City of Columbia)
Parking
31 Spaces (2.55 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Roof Terrace
PROPERTY TAXES
| Parcel Number | 09013-11-17 | Improvements Assessment | $953,800 |
| Land Assessment | $527,200 | Total Assessment | $1,481,000 |
PROPERTY TAXES
Parcel Number
09013-11-17
Land Assessment
$527,200
Improvements Assessment
$953,800
Total Assessment
$1,481,000
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