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Multi-Building Retail Development Opportunity

949-951 Dougherty Street Aiken, SC 29803

949-951 Dougherty Street, Aiken, SC, 29803
$1,890,000
For Sale
Claim this Listing
$1,890,000

COMMERCIAL - Aiken, SC

Property Size6,575 SF
Lot Size2.12 Acres
Price / SF$287.45
AddedJan 14
Days on Market183
Last RefreshJul 16 at 2:06 am

Property Features for 949-951 Dougherty Street

General Information

Property type
Commercial Sale
Property subtype
Retail
Parking
50
Security features
Security System
Standard status
Active
APN
1062004004, 005, 006, 007, 008
Size
6,575 SF
Lot size
2.12 Acres

Taxes and HOA fees

Tax Description
Lot 1 Blk O Millbrook

Utilities

Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public

Building Details

Year built
2017
Floors in Building
1
Flooring type
Concrete, Vinyl
Building materials
Metal Siding, Block, Frame, Wood Siding
Roof type
Metal

Listing agent Tad D Barber License #2264

Listing office RE/MAX Tattersall Group 314 Richland Ave W, Aiken, SC

Listing date Jan 14, 2026

MLS# 221305

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.

The offering is a large development property consisting of multiple parcels and multiple buildings, totaling approximately 6,575 square feet and sitting on about 2.12 acres. All buildings are currently occupied. This is structured as an assembled property rather than a single standalone building, which can be useful for buyers looking to acquire a package of retail spaces in one transaction.

The property is located on the south side of Aiken along Doughtery Road. Showings are by appointment only, and tenants are to not be disturbed. An NDA may be required if financial information is requested, and financial disclosures are available with an acceptable offer as part of the buyer’s due diligence.

For investors or owner-operators, the key practical consideration is that the buildings are already in place and occupied at the time of sale, providing an immediate operating condition rather than a vacant redevelopment site. The multi-building setup may also appeal to buyers evaluating tenant-mix continuity across several structures while managing access and coordination around the occupied status.

Key Highlights

  • Large development property on the south side of Aiken.
  • Multiple parcels and multiple buildings included.
  • All buildings are currently occupied.

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 $94.7k $14.40
− Vacancy −$4.0k −$0.60
EGI $90.7k $13.80
− OpEx −$27.2k −$4.14
NOI $63.5k $9.66
6,575 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$907.0K
$793.7K – $1.06M (±1% cap)
NOI $63,492 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M (±1% cap)
NOI $88,715 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail properties & Spaces

FAQs

What type of property is this?
Retail property - Multi-parcel property with multiple retail buildings that are currently occupied, offering an assembled ownership option.
Where is this retail property located?
The property is located at 949-951 Dougherty Street Aiken, SC.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: Large development property on the south side of Aiken.; Multiple parcels and multiple buildings included.; All buildings are currently occupied.
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