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Downtown Office Building
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105 Lancaster St SW, Aiken, SC 29801

Office building in downtown Aiken with recent exterior paint and trim work.

Property Size4,961 SF
Price / SF$141.10
Days on Market487

Property Features for 105 Lancaster St SW

General Information

Standard status Active
Size 4,961 SF
Property subtype OFFICE
Lease Type NNN

Properties For Sale

at 105 Lancaster St SW
105 Lancaster St SW AVAILABLE, Now
Floor Bldg
Size 4,961 SF
Type OFFICE
Lease Type NNN
Sublease No
- Discover the perfect space for your business at 105 Lancaster St SW, Aiken, SC. This property for lease offers a prime location with excellent visibility and convenience. The building features spacious office suites, storage and customizable floor plans to meet your unique business needs. There are 7 parking spaces and 2 handicapped. With high-speed internet connectivity and professional property management, this property provides a seamless and productive work environment. Located in a thriving business district, this opportunity is ideal for businesses looking to elevate their presence and streamline operations. Embrace the potential of this sought-after property and make it the new home for your business.
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Listing Agency: Meybohm Commercial Properties, LLC
Listed By: Curt Hanna
Source: Moodyscre
Added: Jun 23, 2025 Changed: Oct 1 Last Checked: Oct 20 at 10:05PM

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 Meybohm Commercial Properties, LLC

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Investment Insights

Based on property information with market context.

This downtown office building is positioned for office use and has had recent exterior paint and trim work completed. The property is identified as suitable for office space, and it is also described as convertible to hospitality or residential space with proper rezoning.

The offering is for sale and located at 105 Lancaster St SW in Aiken, South Carolina.

For tenants, buyers, and brokers considering repositioning, the building’s current use is supported as office space, with rezoning noted as the requirement for hospitality or residential conversion.

Key Highlights

  • Office building in downtown Aiken
  • Recent exterior paint and trim work
  • Designed for office use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$51,179
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,580 $1.0M
Cap Rate 7%
$731,129 $731.1K
Cap Rate 9%
$568,656 $568.7K
Market Conditions
NOI Build-Up for 4,961 SF
Gross rent
$74.4K $15.00/SF
− Vacancy
−$6.2K −$1.25/SF
EGI
$68.2K $13.76/SF
− OpEx
−$17.1K −$3.44/SF
NOI
$51.2K $10.32/SF
Area
Aiken County, SC
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,580
Cap Rate 7%
$731,129
Cap Rate 9%
$568,656

Alternative Uses

Best Use
Office B
$731.1K
$639.7K – $853.0K (±1% cap)
NOI $51,179 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$956.3K
$836.7K – $1.12M (±1% cap)
NOI $66,938 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Tri-Development Center Association / Organization

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Parking Lot & Garage Garden Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,193
Businesses Nearby

Demographics for 29801, SC

27,613
Population
13,543
Households
2
Avg Household Size
41
Median Age
28%
College-Educated
84%
High-School Grad
88.9 sq mi
ZIP Area
311
Density / Sq Mi
$55,032
Median Household Income
$36,804
Median Earnings
$1,070
Median Rent
$163,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - Office building in downtown Aiken with recent exterior paint and trim work.
Where is this office building located?
The property is located at 105 Lancaster St SW Aiken, SC.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Office building in downtown Aiken; Recent exterior paint and trim work; Designed for office use
(864) 993-2501 Call to check price and availability
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