Historic Two-Story Commercial
For Sale
$750,000
344352 344 & 352 Park Ave SE, Aiken, SC 29801
Vacant two-story building with a storefront level and a second-story apartment layout, sold as-is.
Property Size3,049 SF
Price / SF$245.98
Days on Market14
Property Features for 344352 344 & 352 Park Ave SE
General Information
Standard status
Active
Size
3,049 SF
Building Details
Year Built
1800
Stories
2
Listing Agency:
Haven Real Estate
(727) 218-0760
Listed By:
Nina Meunier · License #143822
Source:
Vandermorganrealty
Added: Jul 20
Changed: Jul 21
Last Checked: Aug 2 at 9:31AM
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 Haven Real Estate
Investment Insights
Based on property information with market context.
This historic two-story commercial building is vacant and was formerly the Aiken New Yorker. The property includes a storefront level and a second story that previously functioned as an apartment, which may support residential use. The building is described as a fixer-upper and is being sold as-is, offering a buyer the ability to restore and reimagine the space.
Located in the heart of downtown Aiken, the building is offered with the flexibility to support office, retail, or mixed-use concepts based on the existing layout. A pre-approval letter from a lender or proof of funds from a financial institution is required before showings.
The offering includes a total size of just over 3,000 square feet across the two levels, providing room for redevelopment of the existing storefront and apartment spaces.
Located in the heart of downtown Aiken, the building is offered with the flexibility to support office, retail, or mixed-use concepts based on the existing layout. A pre-approval letter from a lender or proof of funds from a financial institution is required before showings.
The offering includes a total size of just over 3,000 square feet across the two levels, providing room for redevelopment of the existing storefront and apartment spaces.
Key Highlights
- Historic two‑story commercial building in downtown Aiken, formerly the Aiken New Yorker
- Over 3,000 SF vacant property with a storefront level plus second‑story space
- Second story previously functioned as an apartment, offering potential for residential use
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 | $45.7k | $15.00 |
| − Vacancy | −$3.8k | −$1.25 |
| EGI | $41.9k | $13.76 |
| − OpEx | −$10.5k | −$3.44 |
| NOI | $31.5k | $10.32 |
3,049 SF · lease $15.00/SF/yr · vacancy 8.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$449.3K
$393.2K – $524.2K
NOI $31,454 @ 7.0% cap · market cap 4.19%
Second Best
Retail
$420.6K
$368.0K – $490.7K
NOI $29,443 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$587.7K
$514.3K – $685.7K
NOI $41,140 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant two-story building with a storefront level and a second-story apartment layout, sold as-is.
Where is this storefront property located?
The property is located at 344352 344 & 352 Park Ave SE 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: Historic two‑story commercial building in downtown Aiken, formerly the Aiken New Yorker; Over 3,000 SF vacant property with a storefront level plus second‑story space; Second story previously functioned as an apartment, offering potential for residential use
