Downtown Aiken Commercial
120 Chesterfield Street Aiken, SC 29801
For Sale
Contact for pricing
Historic property in Aiken's Central Business District with potential uses.
Property Size4,472 SF
Price / SF$167.71
Days on Market695
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
Listing Agency:
Carolina Real Estate Company
(803) 648-8660
Listed By:
Mike Hosang · License #14354
Source:
Crexi
Added: Aug 28, 2024
Changed: Jul 6
Last Checked: Jul 23 at 9:56AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Prime downtown Aiken location within the Central Business District.
- Significant potential for a variety of uses.
- Historic property with privacy and charm.
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
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
NOI $60,340 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
Similar Off Market Nearby
- The Ivy Cottage Inc. — 206 Park Ave SE, Aiken, SC 29801
- Cote Designs Floral and Events — 128 Laurens St SW, Aiken, SC 29801
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.
