One-Story Office and Council
120 Morgan St Nw Aiken, SC 29801
120 Morgan St Nw, Aiken, SC, 29801
$750,000
Pending
For Sale
$750,000
Pending
Single-story office building with council-chamber style rooms, multiple restrooms, and extensive parking for office or medical use.
Property Size6,464 SF
Days on Market273
Property Features for 120 Morgan St Nw
General Information
- Standard status
- Pending
- Size
- 6,464 SF
Listing agency
Coward & McNeill Real Estate, LLC
(803) 645-1480
Listed by
Michael S. McNeill · License #95939
(803) 645-1480
Source
Exprealty
Added: Oct 22, 2025 Updated: Jul 10 at 1:48PM Checked: Jul 19 at 7:30AM
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
Investment Insights
Based on property information with market context.
This mid-century, one-story building was formerly the Aiken County Council chambers and totals approximately 6,464 GLSF. The interior includes an auditorium, a conference room, an executive office with a private restroom, seven additional support offices, and five additional restrooms. The building also has numerous storage and mechanical rooms, supporting a workflow-friendly layout for professional and administrative uses.
The site provides access and visibility from Richland Avenue and Morgan Street, with an extensive asphalt-paved parking lot. In addition to the main former chambers building, a morgue building remains on the property, offering an additional existing structure on site.
Zoned O–Office with a Historic Overlay, the property supports a range of professional configurations, including office and medical office concepts. The room mix, multiple restrooms, and presence of conference and executive space make it well-suited for legal firms, medical or dental practices, or other office-driven uses that require separate work areas and meeting space.
The site provides access and visibility from Richland Avenue and Morgan Street, with an extensive asphalt-paved parking lot. In addition to the main former chambers building, a morgue building remains on the property, offering an additional existing structure on site.
Zoned O–Office with a Historic Overlay, the property supports a range of professional configurations, including office and medical office concepts. The room mix, multiple restrooms, and presence of conference and executive space make it well-suited for legal firms, medical or dental practices, or other office-driven uses that require separate work areas and meeting space.
Key Highlights
- Approx. 6,464 GLSF mid‑century one‑story building formerly Aiken County Council chambers
- Council‑chamber‑style layout includes an auditorium, conference room, and executive office with private restroom
- Additional spaces include seven support offices, numerous storage and mechanical rooms, and five additional restrooms
Local Financial Insights For Office B
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 | $97.0k | $15.00 |
| − Vacancy | −$8.0k | −$1.25 |
| EGI | $88.9k | $13.76 |
| − OpEx | −$22.2k | −$3.44 |
| NOI | $66.7k | $10.32 |
6,464 SF · lease $15.00/SF/yr · vacancy 8.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$952.6K
$833.6K – $1.11M
NOI $66,684 @ 7.0% cap · market cap 8.89%
Second Best
Healthcare Medical
$213.8K
$187.1K – $249.4K
NOI $14,965 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,217 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Single-story office building with council-chamber style rooms, multiple restrooms, and extensive parking for office or medical use.
Where is this office building located?
The property is located at 120 Morgan St Nw Aiken, SC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approx. 6,464 GLSF mid‑century one‑story building formerly Aiken County Council chambers; Council‑chamber‑style layout includes an auditorium, conference room, and executive office with private restroom; Additional spaces include seven support offices, numerous storage and mechanical rooms, and five additional restrooms
