120 Morgan Street NW, Aiken, SC 29801
- Added:
- Oct 22, 2025
- Days on Market:
- 251
- Last Refresh:
- Jun 29 at 5:06 am
Property Features for 120 Morgan Street NW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 104-20-22-002
- Size
- 6,464 SF
- Lot size
- 1.71 Acres
Taxes and HOA fees
- Tax Description
- Pursuant to the legal instrument, the deed.
Building Details
- Floors in Building
- 1
Listing agent Michael S. McNeill License #95939 (803) 645-1480
Listing office Coward & McNeill Real Estate, LLC 830 Colony Parkway, Aiken, SC (803) 648-8298
Listing date Oct 22, 2025
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.
HighLights
- Prime location with access and visibility from Richland Avenue and Morgan Street, practically downtown.
- Large asphalt paved parking lot.
- Substantial 6,464 GLSF one‑story building suitable for various uses.
- Zoned ''O'' - Office, in the Historic Overlay, allowing for a multitude of uses.
- Includes an auditorium, conference room, executive office with private restroom, and multiple support offices and restrooms.
- Re‑development opportunity.
Overview
The site includes access and visibility from Richland Avenue and Morgan Street and features an extensive asphalt-paved parking lot. The property is situated on a 1.71-acre site, and a morgue building still stands on the grounds.
Zoned “O” for Office with an Historic Overlay, the property can support a range of professional uses. The existing layout lends itself to office-based operations that require conference and meeting space, as well as multiple private and shared restroom facilities. Options include professional office uses such as medical or dental and legal, or redevelopment uses consistent with the property’s office zoning and Historic Overlay.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Aiken
- County
- Aiken
- State
- South Carolina
- Longitude
- -81.729187
- Latitude
- 33.564344
