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Corner Lot Redevelopment Opportunity

3841 Richland Avenue W, Aiken, SC 29801

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For Sale

$895,000

1.27 acre corner lot suitable for redevelopment.

Type:Mixed Use

Property size:

5,420 SF

Lot size:

1.27 Acres

Price / SF:

$165/SF

HighLights

High visibility location at the corner of Richland Avenue W and Highway 421.
1.27 acre site ready for redevelopment.
Located within a one‑half mile radius of Walmart, Sam's Club, McDonald's, Burger King, BoJangle's, etc.
Adjacent to Prime Storage.
Zoning: RUD
Additional acreage may be available.

We can help!

Listing Contact

James Sprawls

For Sale

$895,000

1.27 acre corner lot suitable for redevelopment.

Type:Mixed Use

Property size:

5,420 SF

Lot size:

1.27 Acres

Price / SF:

$165/SF

Added:: Jun 13, 2021
Days on Market:: 1823
Last Refresh:: May 12 at 9:40 pm

Property Features for 3841 Richland Avenue W

General Information

Standard status: Active
Size: 5,420 SF
Lot size: 1.27 Acres
Property subtype: Mixed Use

Building Details

Year Built: 1955

We can help!

Listing Contact

James Sprawls

Listing agent James Sprawls

Listing office Coward & McNeill Real Estate, LLC

Listing date Jun 13, 2021

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coward & McNeill Real Estate, LLC

HighLights

High visibility location at the corner of Richland Avenue W and Highway 421.
1.27 acre site ready for redevelopment.
Located within a one‑half mile radius of Walmart, Sam's Club, McDonald's, Burger King, BoJangle's, etc.
Adjacent to Prime Storage.
Zoning: RUD
Additional acreage may be available.

Overview

This 1.27-acre site is located at the corner of Richland Avenue W and Highway 421, offering high visibility in a desirable location. Situated within a half-mile radius of Walmart, Sam's Club, McDonald's, Burger King, and BoJangle's, the property is adjacent to Prime Storage. The site, currently not at its highest and best use, is ready for redevelopment. Additional acreage may be available. The property size is 5420 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$78.0k	$14.40
− Vacancy	−$3.3k	−$0.60
EGI	$74.8k	$13.80
− OpEx	−$22.4k	−$4.14
NOI	$52.3k	$9.66

5,420 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$747.7K

$654.2K – $872.3K (±1% cap)

NOI $52,339 @ 7.0% cap · market cap 5.85%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.04M

$914.1K – $1.22M (±1% cap)

NOI $73,131 @ 7.0% cap · market cap 8.17%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Aiken Discount Auto ... Car Dealership

Suggested Use

Location Insight

Map
Local Demand

City: Aiken
County: Aiken
State: South Carolina
Longitude: -81.7742228
Latitude: 33.5617168

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For sale
Commercial land
SC
Aiken
29801
3841 Richland Avenue W

What type of property is this?

Commercial land - 1.27 acre corner lot suitable for redevelopment.

Where is this commercial land located?

The property is located at 3841 Richland Avenue W Aiken, SC.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: High visibility location at the corner of Richland Avenue W and Highway 421.; 1.27 acre site ready for redevelopment.; Located within a one‑half mile radius of Walmart, Sam's Club, McDonald's, Burger King, BoJangle's, etc.