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1331 Elmwood Ave
Columbia, SC 29201
1331 Elmwood Office Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Situated in Columbia’s Central Business District with immediate access to major interstates including I-126, I-277, I-26, I-20, and I-77.
- Recent capital improvements include exterior landscaping, interior finishes, and a 2024 upgrade to the freight elevator.
- Located near the Bull Street District with upcoming developments such as 500+ new apartment units and the University of South Carolina Health Sciences
- Current occupancy at 71.1% with below-market leases nearing expiration—an opportunity to increase revenue by leasing at market rates
EXECUTIVE SUMMARY
Trinity Partners, on behalf of the Owner, is pleased to serve as the exclusive advisor for the sale of 1331 Elmwood Avenue in Columbia, SC (the “Property”). The full service, professionally managed office building is located in Columbia’s central business district, in close proximity to the Bull Street Development.
Offered for sale, the property offers a unique opportunity for either owner occupants or value-add investors. 1331 Elmwood would allow a business owner the chance to acquire office space for their own occupancy that is substantially below replacement cost, all while collecting income from the in-place tenant base. Similarly, investors have the opportunity to acquire a well-positioned and maintained asset in a growing market with below market rents and realize above market yields upon stabilization.
Offered for sale, the property offers a unique opportunity for either owner occupants or value-add investors. 1331 Elmwood would allow a business owner the chance to acquire office space for their own occupancy that is substantially below replacement cost, all while collecting income from the in-place tenant base. Similarly, investors have the opportunity to acquire a well-positioned and maintained asset in a growing market with below market rents and realize above market yields upon stabilization.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
57,624 SF
Building Class
B
Year Built
1982
Price
$9,247,970 CAD
Price Per SF
$160.49 CAD
Percent Leased
71%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
19,208 SF
Slab To Slab
14’
Building FAR
0.72
Lot Size
1.84 AC
Opportunity Zone
Yes
Zoning
MU-2 - City of Columbia Zoning
Parking
124 Spaces (4 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $4,783,031 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,783,031 CAD
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