Historic Downtown Aiken Commercial
For Sale
$750,000
344 & 352 Park Avenue SE, Aiken, SC 29801
COMMERCIAL - Aiken, SC
Property Size3,049 SF
Lot Size0.14 Acres
Price / SF$245.98
Days on Market208
Property Features for 344 & 352 Park Avenue SE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Downtown Business
Directions
Head east on E Park Ave toward Laurens St SE. Continue straight on Park Ave SE for about 1 mile. You'll reach 344 Park Ave SE on your right
Subdivision
SE
Standard status
Active
APN
121-30-14-003 & 121-30-14-004
Size
3,049 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
Blk 92 North Side Of Park Ave
Legal Description
Blk 92 North Side Of Park Ave
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1800
Floors in Building
2
Building materials
Steel Beam, Brick
Listing Agency:
Haven Real Estate
(843) 901-8434
Listed By:
Nina Meunier · License #143822
(727) 218-0760
Added: Jan 6
Changed: May 28
Last Checked: Aug 2 at 8:06PM
MLS# 221153
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.
Investment Insights
Based on property information with market context.
This historic two-story commercial building, formerly the Aiken New Yorker, is located in the heart of downtown Aiken. The vacant property offers over 3,000 square feet and presents a unique opportunity for an investor or business owner to restore and reimagine a piece of Aiken's history. Situated on a 0.14-acre lot, the building's second story previously functioned as an apartment, offering the potential for residential use and adding flexibility for mixed-use possibilities. The property is being sold As-Is. With the right vision and improvements, it has the potential to become exceptional prime commercial space in a highly desirable downtown location. Endless possibilities await for office, retail, or mixed-use potential.
Key Highlights
- Prime downtown Aiken location.
- Historic building with over 3,000 sq ft.
- Mixed‑use potential (commercial/residential).
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 | $43.9k | $14.40 |
| − Vacancy | −$1.8k | −$0.60 |
| EGI | $42.1k | $13.80 |
| − OpEx | −$12.6k | −$4.14 |
| NOI | $29.4k | $9.66 |
3,049 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$420.6K
$368.0K – $490.7K
NOI $29,443 @ 7.0% cap · market cap 3.93%
Second Best
Mixed Use
$344.0K
$301.0K – $401.3K
NOI $24,079 @ 7.0% cap · market cap 3.21%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,187
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
Mellow Mushroom
Dining
12,357 visits/mo
0.1 miles
Bank of America
Shops & Services
4,808 visits/mo
0.1 miles
AutoZone
Shops & Services
3,320 visits/mo
0.3 miles
TD Bank
Shops & Services
2,933 visits/mo
0.3 miles
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
Properties on Market for Mixed-use properties in Aiken
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story commercial building with mixed-use potential in downtown Aiken.
Where is this mixed-use property located?
The property is located at 344 & 352 Park Avenue 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: Prime downtown Aiken location.; Historic building with over 3,000 sq ft.; Mixed‑use potential (commercial/residential).
