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301 Sunset Drive - Earlewood Multifamily Development Opportunity
301 Sunset Drive - Earlewood Multifamily Development Opportunity
Columbia, SC 29203
Sale Type
PORTFOLIO
Property Type
LAND
Price
$5,500,000
For Sale
Land
Bulk/Portfolio
Investment
Multifamily
For Sale
$5,500,000
SC ABANDONED BUILDING TAX CREDITS & TAX ABATEMENT | Strategically positioned at the gateway to Columbia’s most dynamic growth corridors, 301 Sunset Drive represents the premier opportunity for a high-density, market-rate multifamily development. This 8.46-acre site is uniquely anchored by the Prisma Health Richland campus—the region’s primary medical employment engine—providing an… Read Moreimmediate, sophisticated tenant base of healthcare professionals and staff. As a focal point of the North Main (NOMA) Corridor revitalization, the property is a direct beneficiary of the city’s urban densification strategy, offering residents the rare combination of neighborhood character and seamless access to the $300M+ BullStreet District and the downtown central business district.The site’s eligibility for the Richland County Commercial Development Program—offering a 50% property tax abatement for 10 years and SC Abandoned Building Tax Credits—creates a compelling financial advantage and a superior path to accelerated IRR. With over 39,000 square feet of existing footprint and high-visibility frontage at a signalized intersection, the location is primed for a transformative project. This development will capture the "flight to quality" currently driving the Columbia rental market, meeting the urgent demand for modern, amenity-rich housing in a high-growth, transit-accessible submarket.Read Less
Features
Sale Type
PORTFOLIO
Property Type
LAND
Zoning
CAC
Lot Size
± 8.5 Acres
Price
$5,500,000
Investment Highlights
- 2 Property Portfolio - 301 Sunset Drive, Columbia, SC, 29203 & 301 SC-16, Columbia, SC, 29203
- Employment Anchor: Proximity to Prisma Health Richland (9,000+ employees).
- Tax Incentives: 10-year property tax abatement through Richland County as well as SC Abandoned Building Tax Credits
- Strategic Transit: Minutes from I-20, I-77, and SC-277, ensuring regional connectivity.
- Urban Lifestyle: Proximate to Segra Park, Earlewood Park, and the burgeoning NOMA retail scene.
additional listing information
Jesse Carter
Advisor
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