Cedar Cove Townhomes Development Site
Cedar Cove Townhomes | 118-Lot Townhome Development Site | Columbia, SC
Marketing description
The Opportunity: Conditionally approved development site with plans for a +/- 118 lot townhome community on 6.86 acres.
Location: Prime spot near I-77, Fort Jackson, Cross Hill Market, and USC, with major retailers within 2–3 miles.
Tax Abatement: Potential 35% property tax reduction for 10 years if project meets local incentive criteria.
Employment: Strong nearby job base in healthcare, education, retail, and hospitality, including VA Hospital, USC, and major shopping centers.
Lots: 118 (92 Lots @ 30’ x 75’, 7 Lots @ 20’ x 75’, 19 Lots @ 18’ x 84’)
Investment highlights
THE OPPORTUNITY:
Greysteel presents Cedar Cove Townhomes Development Site in Columbia, South Carolina. This efficiently designed development site offers plans for a 118 lot townhome community in the dynamic Southeast Columbia area. The modern design arranged on 6.86 acres maximizes the land use and is consistent with surrounding residential uses. The project is pending site plan approval through City of Columbia and the final project may be held as rental product or offered as for-sale opportunity.
LOCATION:
The project is uniquely positioned in the middle of three key nodes of Southeast Columbia; Garners Ferry Corridor with I-77 Interchange, Main Gate to Fort Jackson, and most notably, the new Cross Hill Market featuring Whole Foods. This location also offers quick and easy access directly Downtown or to the University of South Carolina. The Garners Ferry Retail Corridor is at the property’s doorstep, offering all the major national retailers within a convenient 2-3 mile radius.
PROPERTY TAX ABATEMENT:
Richland County and City of Columbia both acknowledge the burden their property tax assessments place on new development. They have developed a property tax abatement program for new development projects that can achieve up to a 35% reduction in property taxes for the first ten years, provided the developer meets certain criteria. This can include developing additional public infrastructure as part of the project or allocating a percentage of units to meet affordability requirements. Please contact the Brokers for more details on this program.
EMPLOYMENT ABOUNDS:
There is no shortage of employment in this submarket. Medical employment is available at the VA Hospital and USC School of Medicine. Likewise, education employment with Richland County School District, USC School of Medicine, Midlands Technical College – Beltline Campus or University of South Carolina downtown. Retail employers include Cross Hill Market (Whole Foods, Ulta Beauty, Athleta, Midwood Smokehouse), Food Lion Plaza (Food Lion, Staples), Shoppes at Woodhill (Target, Starbucks, World Market, Party City), Landmark Square (Goodwill, Ross, Dollar General, Big Lots), in addition to most major fast food chains, convenience stores, hospitality options, and more.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
