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    Downtown Aiken Commercial Property Title is generated by Realmo AI

    120 Chesterfield Street, Aiken, SC 29801

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    Historic property in Aiken's Central Business District with potential uses.

    Type:Business for Sale, Retail
    Property size:
    4,472 SF
    Price / SF:
    $167/SF
    Added:
    Aug 28, 2024
    Days on Market:
    650
    Last Refresh:
    May 12 at 9:14 pm

    Property Features for 120 Chesterfield Street

    General Information

    Standard status
    Active
    Size
    4,472 SF
    Property subtype
    Business for Sale, Retail

    Building Details

    Year Built
    1890

    We can help!

    Listing Contact
    Mike Hosang

    Listing agent Mike Hosang License #14354

    Listing office Carolina Real Estate Company

    Listing date Aug 28, 2024

    Source Crexi

    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 Carolina Real Estate Company

    HighLights

    • Prime downtown Aiken location within the Central Business District.
    • Significant potential for a variety of uses.
    • Historic property with privacy and charm.
    • Substantial size: 4,472 SF.
    • Features beautiful covered porches: 730 SF.
    • Built circa 1890.

    Overview

    Located in downtown Aiken, this property, with a total of 4,472 square feet, has been the site of a successful family business for almost two decades. Constructed circa 1890, the property is situated within Aiken's Central Business District, offering potential for a variety of uses. The property includes covered porches totaling 730 square feet.

    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 $64.4k $14.40
    − Vacancy −$2.7k −$0.60
    EGI $61.7k $13.80
    − OpEx −$18.5k −$4.14
    NOI $43.2k $9.66
    4,472 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $616.9K
    $539.8K – $719.7K (±1% cap)
    NOI $43,184 @ 7.0% cap · market cap 5.76%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $862.0K
    $754.3K – $1.01M (±1% cap)
    NOI $60,340 @ 7.0% cap · market cap 8.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Community Care & Counseling Counselor First Baptist Cemetery Cemetery Aiken's First Baptist ... Church Smoke-Stock & Chimney Cleaning ... Hardware & Home Improvement Smoke-Stock BTN Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Ivy Cottage Inc. — 206 Park Ave SE, Aiken, SC 29801
    • Cote Designs Floral and Events — 128 Laurens St SW, Aiken, SC 29801

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.71904
    Latitude
    33.559968

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    FAQs

    What type of property is this?
    Storefront property - Historic property in Aiken's Central Business District with potential uses.
    Where is this storefront property located?
    The property is located at 120 Chesterfield Street 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 within the Central Business District.; Significant potential for a variety of uses.; Historic property with privacy and charm.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Hosang
    Real Estate License ID: 14354
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