Two-Building Retail
308 6th Ave SW Aberdeen, SD 57401
308 6th Ave SW, Aberdeen, SD, 57401
Contact for pricing
For Sale
Contact for pricing
Two storefront buildings are offered together with rear-access parking around the back.
Property Size2,300 SF
Price / SF$117.35
Days on Market101
Property Features for 308 6th Ave SW
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1923
Listing agency
Jency Agency
Listed by
Melanie Bobby · License #14771
Source
Crexi
Added: Apr 14 Updated: Jul 22 at 12:59PM Checked: Jul 22 at 12:59PM
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 Jency Agency
Investment Insights
Based on property information with market context.
This offering includes two retail storefront buildings sold together, listed as 308 and 312. The property is designed for retail use and includes parking access around the rear for customer or operational convenience.
The buildings have Sixth Avenue frontage, providing street presence, with easy access parking located around the back.
The sellers are also willing to negotiate the included current business inventory with the sale.
The buildings have Sixth Avenue frontage, providing street presence, with easy access parking located around the back.
The sellers are also willing to negotiate the included current business inventory with the sale.
Key Highlights
- Two storefront buildings sold together at 308 and 312
- Sixth Avenue frontage
- Rear‑access parking available around the back
Local Financial Insights For Retail
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 | $27.6k | $12.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $25.4k | $11.03 |
| − OpEx | −$7.6k | −$3.31 |
| NOI | $17.8k | $7.72 |
2,300 SF · lease $12.00/SF/yr · vacancy 8.11% · expense 30.00%
Alternative Uses
Best Use
Retail
$253.6K
$221.9K – $295.9K
NOI $17,753 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$401.6K
$351.4K – $468.5K
NOI $28,111 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aberdeen Soccer Association
Sports School
Similar For Sale Nearby
Similar Off Market Nearby
- Rustic Roots Florals — 224 1st Ave SE #2, Aberdeen, SD 57401
- Annette's Floral Boutique — 122 N Main St, Aberdeen, SD 57401
FAQs
What type of property is this?
Storefront property - Two storefront buildings are offered together with rear-access parking around the back.
Where is this storefront property located?
The property is located at 308 6th Ave SW Aberdeen, SD.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two storefront buildings sold together at 308 and 312; Sixth Avenue frontage; Rear‑access parking available around the back
