Building Details

Year Built 1967

Construction pre-engineered metal

Listing Agency: Meybohm Commercial Properties

Listed By: Alex Hendry · License #137049 Show Phone

Source: Augustaaikenhomefinder

Added: Oct 4 Changed: Oct 23 Last Checked: Oct 23 at 6:41AM

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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 Meybohm Commercial Properties

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Investment Insights

Based on property information with market context.

This mixed-use property combines a restaurant, warehouse, office/apartment space, and a separate garage apartment. The restaurant includes a commercial kitchen, two built-in bars, dining and event areas, and a covered patio; a detached restroom building serves the patio. The warehouse has insulated walls and ceiling, two roll-up doors, and a framed office area. The office/apartment has a tiled bath, while the standalone apartment includes an attached storage garage. The main structure is a pre-engineered metal building constructed in 1967 and expanded in 1990, with substantial renovations and central HVAC in the restaurant and office/apartment.

The 4.51-acre corner parcel is at the signalized intersection of S Main Street (SC-19) and Williston Road (US-278), outside the 100-year flood plain. UD zoning permits general and neighborhood commercial, residential, and light manufacturing uses. Site improvements include a concrete front lot with bollards and a private septic system.

Key Highlights

• 4.51‑acre corner parcel at S Main Street (SC‑19) and Williston Road (US‑278)
• Restaurant with commercial kitchen, two bars, dining and event areas, and covered patio
• Warehouse measures approximately 2,080 SF, with two 10‑foot roll‑up doors and approximately 14‑foot eaves

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,533

Cap Rate

8.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,210,660 $1.2M

Cap Rate 7%

$864,757 $864.8K

Cap Rate 9%

$672,589 $672.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$75.6K $7.56/SF

− Vacancy

−$4.4K −$0.44/SF

EGI

$71.2K $7.12/SF

− OpEx

−$10.7K −$1.07/SF

NOI

$60.5K $6.05/SF

Area

Aiken County, SC

Vacancy

5.80%

Lease Rate

$7.56 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,210,660

Cap Rate 7%

$864,757

Cap Rate 9%

$672,589

Alternative Uses

Best Use

Apartment 5plus

$1.13M

$989.5K – $1.32M (±1% cap)

NOI $79,158 @ 7.0% cap · market cap 10.55%

Second Best

Mixed Use

$1.13M

$987.2K – $1.32M (±1% cap)

NOI $78,975 @ 7.0% cap · market cap 10.53%

Theoretical Best

Office A

$1.93M

$1.69M – $2.25M (±1% cap)

NOI $134,928 @ 7.0% cap · market cap 17.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Joe's Bar and Grill Bar & Pub

Suggested Use

Top Pick Auto Repair Shop Bakery Butcher Daycare Center Restaurant Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

Explore this area Business Placement

Demographics for 29809, SC

2,262

Population

1,080

Households

2.1

Avg Household Size

41

Median Age

19%

College-Educated

90%

High-School Grad

5.4 sq mi

ZIP Area

419

Density / Sq Mi

$56,042

Median Household Income

$37,172

Median Earnings

$695

Median Rent

$128,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - UD zoning allows commercial, residential, and light manufacturing uses.

Where is this mixed-use property located?

The property is located at 900 Main St S New Ellenton, 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: 4.51‑acre corner parcel at S Main Street (SC‑19) and Williston Road (US‑278); Restaurant with commercial kitchen, two bars, dining and event areas, and covered patio; Warehouse measures approximately 2,080 SF, with two 10‑foot roll‑up doors and approximately 14‑foot eaves