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Old 10-14-2021, 05:52 PM
 
8,236 posts, read 13,357,122 times
Reputation: 2535

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Quote:
Originally Posted by Charlestondata View Post
I always liked that relatively urban strip right through there. I imagined it refurbished and brought up to code, but with its basic character intact.
Yeah it's a nice neighborhood commercial center but it appears the owners have neglected it ...it could be another "area* like five points , North Main Downtown and the Vista ...but there is no organization to push for improvement and attention from the city ...Labrasca Pizza has been down there forever along Ft Jackson Blvd ...small businesses like that are cool and add character to the area
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Old 10-22-2021, 11:22 AM
 
Location: Charleston, South Carolina
12,902 posts, read 18,756,320 times
Reputation: 3141
I saw Columbia show up in two Wall Street Journal articles yesterday. One was their ranking of 300 places based on getting a good return on real estate in places that are nice to live in. It was based on third quarter numbers in 2021. Columbia was in the 20’s. Greenville was in the 50’s or 60’s. Charleston was in the 80’s.

The other article was titled something like “This is the best city for flipping a house.” Columbia was that city. It said the average profit is $61,000.
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Old 10-22-2021, 11:41 AM
 
333 posts, read 215,142 times
Reputation: 107
Quote:
Originally Posted by Charlestondata View Post
I saw Columbia show up in two Wall Street Journal articles yesterday. One was their ranking of 300 places based on getting a good return on real estate in places that are nice to live in. It was based on third quarter numbers in 2021. Columbia was in the 20’s. Greenville was in the 50’s or 60’s. Charleston was in the 80’s.

The other article was titled something like “This is the best city for flipping a house.” Columbia was that city. It said the average profit is $61,000.
Yes, I know someone that moved here from New York a few years ago and he flips houses. He said that this is the best market for it. Didn't know how true that was. I just assumed he was saying that after moving from the big city and getting better profits down south in general.
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Old 10-22-2021, 01:44 PM
 
Location: Athens, Greece (Hometowm: Irmo, SC)
2,132 posts, read 2,273,529 times
Reputation: 613
Quote:
Originally Posted by Big_Cat View Post
Yes, I know someone that moved here from New York a few years ago and he flips houses. He said that this is the best market for it. Didn't know how true that was. I just assumed he was saying that after moving from the big city and getting better profits down south in general.
I think I knew this guy, too. He flipped a few houses in Elmwood park. One of them I made an offer on but we couldn’t agree on a price… He raked in at least 60k for sure. I believe he’s also a real estate agent, too.
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Old 10-22-2021, 07:05 PM
 
403 posts, read 233,441 times
Reputation: 89
Quote:
Originally Posted by Charlestondata View Post
I saw Columbia show up in two Wall Street Journal articles yesterday. One was their ranking of 300 places based on getting a good return on real estate in places that are nice to live in. It was based on third quarter numbers in 2021. Columbia was in the 20’s. Greenville was in the 50’s or 60’s. Charleston was in the 80’s.

The other article was titled something like “This is the best city for flipping a house.” Columbia was that city. It said the average profit is $61,000.
Here’s the article about Columbia being #1 for flip houses. Not all that surprising as I’ve noticed in my neighborhood which consists mainly of homes built in the 50’s and 60’s, most listed under 200K are scooped up, renovated/added on to and then resold in the 400-500K range.

https://www.realtor.com/news/trends/...home-flippers/
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Old 10-25-2021, 11:47 PM
Status: "Emo" (set 7 days ago)
 
Location: Columbia,SC
1,154 posts, read 956,344 times
Reputation: 182
Which one of y'all told me that Epicenter was "dead"

I went to visit Charlotte today me and a Comet Transit guy went to Charlotte to ride the Blue line and Gold Line today. We stopped at the CATS transit center and decided to go into Epicentre.

I'm sorry but a couple for lease signs isn't "dead" unless you mean it's dead because it's not packed all day long?

I don't know but man today being in Charlotte riding trail transit for the first time eating and shopping and not having to worry about driving my car and finding parking was an experience I wish Columbia had.

And again now that I see Epicentre isn't "dead" my whole idea of an Epicentre style mixed use complex for main street across from that new student housing tower that's being built can generate tons of not only foot traffic but businesses in general.
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Old 10-26-2021, 07:57 AM
 
333 posts, read 215,142 times
Reputation: 107
Quote:
Originally Posted by Growingup15 View Post
Which one of y'all told me that Epicenter was "dead"

I went to visit Charlotte today me and a Comet Transit guy went to Charlotte to ride the Blue line and Gold Line today. We stopped at the CATS transit center and decided to go into Epicentre.

I'm sorry but a couple for lease signs isn't "dead" unless you mean it's dead because it's not packed all day long?

I don't know but man today being in Charlotte riding trail transit for the first time eating and shopping and not having to worry about driving my car and finding parking was an experience I wish Columbia had.

And again now that I see Epicentre isn't "dead" my whole idea of an Epicentre style mixed use complex for main street across from that new student housing tower that's being built can generate tons of not only foot traffic but businesses in general.
Did you actually go in? Back in August it was reported that over 66% of the businesses were closed. They said that the building was already not doing well financially and Covid was the final nail in the coffin. The owners have an $85 million loan on the building that is in default and they are still facing a lawsuit from a shooting that killed a scientist/doctor/businessman from Maryland that was struck by a stray bullet. They are trying to sell the property off but it was reported that it was supposed to be converted into offices.

As far as Columbia having one, it would either A) Do really well and kill business around it because of the draw or B) Not fair well and die off because of the lack of commuters.

Charlotte has a metro population of 2.6 million and Jacksonville, Fl has 1.58 million compared to Columbia's metro population of 847k. So, Charlotte and it's surrounding area is over 3X bigger than Columbia's while Jacksonville's is roughly double. Jacksonville had Jacksonville Landing which was on the Riverfront and it has been demolished. Both cities are more populous than Columbia and have or have had failing downtown entertainment complexes. A developer would be foolish to build something like that in Columbia especially right now when we have so much momentum going on with areas such as Main St, Bull Street Commons, Vista, Five Points, North Main, etc. We simply are not ready for anything of that magnitude in Columbia TODAY but 20-30 years from now may be a different story.
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Old 10-26-2021, 10:12 AM
 
Location: Charleston, South Carolina
12,902 posts, read 18,756,320 times
Reputation: 3141
829,470 in Columbia’s metro
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Old 10-26-2021, 11:43 AM
 
333 posts, read 215,142 times
Reputation: 107
Quote:
Originally Posted by Charlestondata View Post
829,470 in Columbia’s metro
Okay, I was close. It said 847k when I looked it up but that proves my point even further. An Entertainment complex in Columbia would be like putting a Walmart in the middle of a small town. It would kill most small businesses and deprive the area of it's character with it's commercialism.
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Old 10-27-2021, 02:34 AM
 
756 posts, read 567,332 times
Reputation: 162
Quote:
Originally Posted by Big_Cat View Post
Okay, I was close. It said 847k when I looked it up but that proves my point even further. An Entertainment complex in Columbia would be like putting a Walmart in the middle of a small town. It would kill most small businesses and deprive the area of it's character with it's commercialism.
That and the fact that Epicenter is surrounded by multiple corporate headquarters with thousands of employees, giving it a very close base of customers. I used to go when I lived in Charlotte, but it fell off in popularity as other places popped up (Ink n Ivy, 10Church, South End, NC Music Factory for a while, etc.). If a place with such a built-in audience can't work, a lot competing against 5 Points, the Vista, and Main Street and without tens of thousands of nearby office works (2-3k feels like a max for downtown) would not be set up for success.
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