The Congaree Vista Retail

Palmetto Compress Retail Opportunity in Columbia's Innovista Space
The Congaree Vista, Columbia, SC
# Palmetto Compress Retail Opportunity in Columbia's Innovista The ±329,000 square foot Palmetto Compress Warehouse development, located at 612 Devine Street, Columbia, South Carolina, is home to 197 apartments (1, 2 and 3 bedrooms) with approximately 500 residents.  Originally built in 1917, the charming Southern mercantile building is located in a prime location in Columbia's Innovista and adjacent to the University of South Carolina and within close proximity to sporting, entertainment and nightlife venues.  The building offers exposed brick and wood beam ceilings with +/- 7,900 square feet of available space ideal for restaurant or retail use.  The building will continue to serve as a bold testament to Columbia’s economic past while serving as both an inspired vision and distinguished icon for its future. Features - Located in the City’s Innovista District, where substantial resources are committed to promote urban development - Approximately $400 million planned or under construction in the immediate market - Adjacent to the University of South Carolina, University of South Carolina Baseball Stadium, Colonial Life Arena, Columbia Riverfront, and the Historic Congaree Vista Entertainment & Arts District - Approximately 3,000 student housing beds planned within a two block walk - 120,000 square foot office building planned two blocks east of the property to be predominantly occupied by IBM, Fluor, and the University of South Carolina - New $100 million Moore School of Business nearing completion two blocks east - Built during the early twentieth century Southern Mercantile era - A number of historic tax credit opportunities available - Flexible shell allowing for a variety of different uses and configurations
1700 Huger St Space
The Congaree Vista, Columbia, SC
# Cogdill Carpets/ Cromer's Peanuts Building for Sale The property consists of approximately 3.57 acres and 43,300 sf of improvements. There are currently two uses that occupy the premises. Cogdill Carpets, the primary occupant, occupies 27,400 sf which is divided into 12,400 sf of open retail and 15,000 sf of warehouse space. Cromers Peanuts leases just over 15,750 sf on a short term basis. Its space is divided into approximately 5,375 sf of retail, 7,552 sf of warehouse and 3,000 sf of office, and is located on the 2nd floor. The property presents of number of potential opportunities. Given the size, visibility, and condition of the building, it is ideally suited for office or retail use. There are 71 parking spaces currently on site, but there is an additional 1.47 acres of undeveloped land that provides for a physical expansion opportunity and up to 100 additional spaces. The size and location of the property also lends itself to a full redevelopment. Access is directly off 1-26. The existing traffic signal makes it ideally suited for retail redevelopment such as a convenience store, hotel or restaurant. The residential growth in downtown Columbia and the size of the parcel makes it ideal for mixed use apartment or condo project. The Cogdill Carpets property is strategically located at the corner of Huger and Laurel St. in the Vista area of downtown Columbia. It is considered to be the the gateway to the City with its immediate access to l-126. The property is accessed by either Huger or Laurel St. and is made easier with the signalized access. Traffic Counts in front of the property are in excess of 40,000 cars per day. The Vista area of downtown Columbia has become one of the most energized areas of the state. The growing presence of the University of South Carolina and the stability offered by the SC State Government have resulted in historic growth. New urban residential projects are under construction, new restaurants are opening monthly, and several new hotels are planned. Additionally, Columbia welcomes a new professional baseball facility less than a mile away. This property sits in the middle of the activity and is poised for redevelopment. Features - Large open showroom - Frontage on Huger Street and quick access to I-26 - Potential multi-tenant building - Ample parking - Approximately 40,000 Vehicles Per Day - Warehouse for storage or distribution - Sales Price: $4,950,000 - Lease Rate: Retail and Office Space - $15.00 PSF NNN - Warehouse Space - $5.00 PSF NNN

The Congaree Vista

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
5,000
As of: March 12, 2017

The Congaree Vista Rates

The typical asking rate per listing is in the $30's per square foot per year. The The Congaree Vista region is going through a a boost in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 50% increase in rent.

The Congaree Vista Listing Supply

In the last 90 days, 10 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1969 and are Class A.

The Congaree Vista Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst The Congaree Vista folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in The Congaree Vista.
Market Report

Market Data

Real time and historical data on commercial real estate listings in The Congaree Vista.
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