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Bluff Road Development Site

Posted: 4/14/2022
223 Units
13.94 Acres
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Bluff Road Development Site
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Bluff Road Development Site
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Bluff Road Development Site
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Bluff Road Development Site

About

About Bluff Road Development Site

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 13.94-acre, Bluff Road development opportunity in Columbia, SC. Investors can jump at the opportunity for a high-density multifamily development zoned by- right for up 223 units. The current ownership has put together conceptual plans and drawings for 180 units. The site is located on the edge of Downtown Columbia, 1-mile south of USC’s Williams-Brice football stadium and centered on the path of growth to 13 of Richland County’s top 30 employers in Manufacturing and Distribution. Future developers will look to harness the 4,000 jobs within a 5-mile radius, as new and younger residents flock to the region. The East Columbia submarket has witnessed a 22% increase in rents since 2020 that show no sign of slowing with another 10% increase in rental rates projected over the next 2 years. With Bluff Road serving as a major artery from Downtown Columbia to top manufacturing employers, development is bound to fill in the breaks as the city continues to grow at an extreme level. Developers will want to get in early, as this opportunity is only one of few with entitlements and approvals already in place.

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