$650,000
$650,000
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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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Bought with Paul Paschal • Lee & Associates - Charleston
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