Columbia, SC 29203,5300 Farrow Road RD
Columbia, SC 29203,5300 Farrow Road RD
Columbia, SC 29203,5300 Farrow Road RD
Columbia, SC 29203,5300 Farrow Road RD
Columbia, SC 29203,5300 Farrow Road RD
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$650,000

$650,000

Est.Price: ?

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Est. payment /mo

126,759 SqFt


SOLD DATE : 01/30/2024

Key Details

Sold Price $650,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 126,759 sqft

Price per Sqft $5

MLS Listing ID 31002501

Sold Date 01/30/24

Lot Size 2.910 Acres

Acres 2.91

Property Sub-Type Industrial

Property Description

APEX- Investment Property group is exclusively representing the seller of 5300 Farrow Rd, the property boasts an expansive +/-30,000 square-foot warehouse set on a generous 2.91-acre lot. With a rich history dating back to its construction in 1965, this facility has been thoughtfully repurposed to ensure it meets the demands of modern industrial needs.The income producing property, currently occupied by two tenants, presents an enticing prospect for investors seeking steady rental income, under market rental rates, and the flexibility of multi-tenant leasing arrangements. The warehouse's design is non traditional but offers, two external dock doors, facilitating seamless loading and unloading operations for current tenancy, and an additional drive-in access point, catering to vehicles for distribution. The property boasts a comprehensive sprinkler system, 5300 Farrow Rd is also equipped with specialized cold storage equipment in one suite making it an expensive relocation process for the businesses occupying suite A. A key advantage of this property is its location within an opportunity zone, potentially providing investors with attractive tax incentives and other economic benefits. The zoning designation of M1 adds further value, allowing for a wide range of permissible uses, thus opening doors to diverse business ventures.Moreover, the strategic positioning of 5300 Farrow Rd is close proximity to Interstate 77 makes it an enviable choice for businesses dependent on efficient transportation and distribution networks. The property's ease of access to this major thoroughfare allows for seamless connectivity to regional and national markets, unlocking new growth prospects and logistical convenience.In summary, 5300 Farrow Rd represents a coveted opportunity in Columbia, South Carolina, offering a warehouse with two existing tenants, specialized cold storage capabilities for one tenant, and prime placement within an opportunity zone.

Location

State SC

County Richland

Exterior

Parking Features Surface

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Listed by Paul Paschal • Lee & Associates - Charleston
Bought with Paul Paschal • Lee & Associates - Charleston

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AgentOwned Realty

AgentOwned Realty

+1(800) 919-2427

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