Historic Two-Story Commercial
344 & 352 Park Avenue Se SE Unit 344 & 35 Aiken, SC 29801
For Sale
$750,000
Vacant two-story historic building with former apartment space on the second level, sold as-is.
Property Size3,049 SF
Price / SF$245.98
Days on Market247
Property Features for 344 & 352 Park Avenue Se SE Unit 344 & 35
General Information
- Standard status
- Active
- Size
- 3,049 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1800
Listing Agency:
(843) 901-8434
Listed By:
Haven Real Estate
Source:
Xome
Added: Nov 18, 2025
Changed: Jul 22
Last Checked: Jul 23 at 4:13AM
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, formerly the Aiken New Yorker, is being offered vacant and for sale at 344 & 352 Park Avenue SE. The property is a fixer-upper and is sold as-is. It offers more than 3,000 square feet of space, with the second story previously functioning as an apartment and presenting potential for residential use alongside commercial uses.
Located in the heart of downtown Aiken, the building provides an established downtown address for office, retail, or mixed-use concepts. A lender pre-approval letter or proof of funds from a financial institution is required prior to showings.
Located in the heart of downtown Aiken, the building provides an established downtown address for office, retail, or mixed-use concepts. A lender pre-approval letter or proof of funds from a financial institution is required prior to showings.
Key Highlights
- Vacant historic two‑story commercial building in downtown Aiken (formerly the Aiken New Yorker)
- Over 3,000 SF building with second‑level space that previously functioned as an apartment
- Downtown Business zoning designation
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Mixed-use property - Vacant two-story historic building with former apartment space on the second level, sold as-is.
Where is this mixed-use property located?
The property is located at 344 & 352 Park Avenue Se SE Unit 344 & 35 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: Vacant historic two‑story commercial building in downtown Aiken (formerly the Aiken New Yorker); Over 3,000 SF building with second‑level space that previously functioned as an apartment; Downtown Business zoning designation
