Multi-Building Retail Development
949-951 Dougherty Street Aiken, SC 29803
For Sale
$1,890,000
COMMERCIAL - Aiken, SC
Property Size6,575 SF
Lot Size2.12 Acres
Price / SF$287.45
Days on Market193
Property Features for 949-951 Dougherty Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Parking
- 50
- Security features
- Security System
- Standard status
- Active
- APN
- 1062004004, 005, 006, 007, 008
- Size
- 6,575 SF
- Lot size
- 2.12 Acres
Taxes and HOA fees
- Tax Description
- Lot 1 Blk O Millbrook
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2017
- Floors in Building
- 1
- Flooring type
- Concrete, Vinyl
- Building materials
- Metal Siding, Block, Frame, Wood Siding
- Roof type
- Metal
Listing Agency:
RE/MAX Tattersall Group
(803) 226-0036
Listed By:
Tad D Barber · License #2264
(803) 439-6559
Added: Jan 14
Changed: Jun 10
Last Checked: Jul 26 at 8:06PM
MLS# 221305
Copyright © 2026 Aiken Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering is a large development property consisting of multiple parcels and multiple buildings, totaling approximately 6,575 square feet and sitting on about 2.12 acres. All buildings are currently occupied. This is structured as an assembled property rather than a single standalone building, which can be useful for buyers looking to acquire a package of retail spaces in one transaction.
The property is located on the south side of Aiken along Doughtery Road. Showings are by appointment only, and tenants are to not be disturbed. An NDA may be required if financial information is requested, and financial disclosures are available with an acceptable offer as part of the buyer’s due diligence.
For investors or owner-operators, the key practical consideration is that the buildings are already in place and occupied at the time of sale, providing an immediate operating condition rather than a vacant redevelopment site. The multi-building setup may also appeal to buyers evaluating tenant-mix continuity across several structures while managing access and coordination around the occupied status.
The property is located on the south side of Aiken along Doughtery Road. Showings are by appointment only, and tenants are to not be disturbed. An NDA may be required if financial information is requested, and financial disclosures are available with an acceptable offer as part of the buyer’s due diligence.
For investors or owner-operators, the key practical consideration is that the buildings are already in place and occupied at the time of sale, providing an immediate operating condition rather than a vacant redevelopment site. The multi-building setup may also appeal to buyers evaluating tenant-mix continuity across several structures while managing access and coordination around the occupied status.
Key Highlights
- Large development property on the south side of Aiken.
- Multiple parcels and multiple buildings included.
- All buildings are currently occupied.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.7k | $14.40 |
| − Vacancy | −$4.0k | −$0.60 |
| EGI | $90.7k | $13.80 |
| − OpEx | −$27.2k | −$4.14 |
| NOI | $63.5k | $9.66 |
6,575 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$907.0K
$793.7K – $1.06M
NOI $63,492 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,715 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
FAQs
What type of property is this?
Retail property - Multi-parcel property with multiple retail buildings that are currently occupied, offering an assembled ownership option.
Where is this retail property located?
The property is located at 949-951 Dougherty Street Aiken, SC.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: Large development property on the south side of Aiken.; Multiple parcels and multiple buildings included.; All buildings are currently occupied.
