Description

Elgin, SC

• Located in Elgin, SC — a rapidly growing suburb of Columbia, SC. This prime development site offers exceptional accessibility and strong market fundamentals. Elgin is just 24 miles from Columbia, 65 miles from Florence, and approximately and 89 miles from Charlotte, NC, making it strategically positioned for regional connectivity and growth.

Strategic Location

• The property sits just 0.2 miles from Interstate 20, providing excellent visibility and convenient access for commercial and consumer traffic. The immediate area is experiencing active development, with a brand new 7-11 convenience store just east of the site and a quick-service restaurant (QSR) site under contract with a national coffee chain that will provide additional exposure to the storage site. MUSC and Regional Hospital are positioned just North of the property on Whiting Way.

Stability

• Elgin is home to several major employers, contributing to a stable and expanding economic base. Within a 5-mile radius of the site, there are approximately 24,600 residents, with population growth projected to reach 25,276 by 2027. The area also features a strong income profile, with a median household income of $89,225.

Primed For Development

• Currently, the market has 2.62 square feet of self-storage space per capita within the 5 mile radius — suggesting potential unmet demand and an attractive opportunity for new storage or mixed-use development. This site presents a compelling investment opportunity in a high-growth corridor with excellent market dynamics and infrastructure support.

Options

• There is a site plan for 48,870 rentable square feet and one for approximately 77,000 sq ft with a bi-level building. Both sets of plans are in the deal room. Returns and financials are based on the smaller layout.

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