Property profile

105 Lancaster St SW Aiken, SC 29801

FOR LEASE
Office buildings
Property ID
US77-0789082
4,784 SF 0.18 ac lot Built 1994
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional two-story office building, situated on 0.18 acres in downtown Aiken, South Carolina, presents a unique opportunity for businesses seeking a blend of historical character and modern functionality. Constructed in 1994, the Class C building offers a single-tenant occupancy arrangement, perfect for a company looking to establish a strong presence in a thriving business district. Its location on Lancaster Street, conveniently adjacent to Richland Avenue, provides excellent visibility and easy access to the heart of downtown Aiken. The building features spacious and adaptable floor plans, allowing for customization to suit diverse business needs. Whether your business requires traditional office space, a creative workspace, or a coworking environment, this property offers the flexibility to accommodate your specific requirements. High-speed internet connectivity ensures seamless operations, while the well-maintained building provides a productive and professional atmosphere. The property's proximity to the vibrant and professional business hub of downtown Aiken offers a friendly and conducive environment for growth and collaboration. This is an ideal location for businesses seeking both convenience and a prominent presence in a desirable downtown setting. The Aiken County property (APN: 104 20 18 005) offers a compelling combination of historical appeal and modern amenities, making it an attractive option for discerning businesses.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1994
Construction WOOD
Total area 4,784 SF
Lot 0.18 ac (7,841 SF)
APN 104-20-18-005
UPID US77-0789082

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Association / Organization

Location

105 Lancaster St SW Aiken, SC 29801
Aiken metro Census 21300 AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$600k
Blend (final) Blend
$485k

Owner & transaction history

since 2022
Last sale
$426,250
2 recorded transactions
2022
Price N/A
2022
$426,250

Zoning & alternative use

Top alternative use upside
Auto repair, garage $795,000 +9.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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