In 2008, a mall inside Columbia, SC went up for sale for the asking price of $24 million. Sale price was $4 million. Could not have bought the concrete for that price. Lucky seller.
Was it the Richland fashion mall? It is virtually deserted and attempts to do something with it have gone nowhere.
The only good thing for me is a comedy mystery dinner theater that has a show every so often.
If a mall sits more than a year or two unoccupied it deteriorates due to maintenance issues. Maintenance cost is staggering.
Sale price was $4 million. Could not have bought the concrete for that price. Lucky seller.
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It’s all about location ... remember when Lions stadium sold just a year or two ago for $500k ... you could bulldoze the asphalt parking lot for resale to a paving company and recoup your entire purchase...