801 Pine Log RdAiken, SC 29803

  • Retail properties
  • 2,409 SF
For Sale
$834,930 View listing

Property Details for 801 Pine Log Rd

Year built
1974
Construction
WOOD
Lot size
2.59 AC
Property size (Sq ft)
2,409 SF
Zone code
UD
Property type
Retail properties
Property subtype
Turn key restaurants
APN
122-07-09-003
APU
1220709003

Description

This exceptional 2.59-acre commercial land parcel in Aiken, South Carolina, presents a compelling investment opportunity. Located at 801 E Pine Log Rd, Aiken, SC 29803, this property boasts 344 feet of frontage on a major thoroughfare with a high daily traffic count of 27,400 vehicles. The property is zoned UD (Urban Development) in Aiken County and includes a 3,309 square foot, two-story building, previously used as a restaurant. This existing structure offers potential for redevelopment or repurposing, complementing new construction. The site features two existing curb cuts providing convenient access. While not currently annexed into the City of Aiken, sewer service is readily accessible, with the city sewer line located just 300 feet away on Bolton Ct. Water service is available on the property. The property's strategic location across from Bolton Court and near several established businesses, including Subway and La Laguna Mexican Restaurant, ensures high visibility and potential for strong tenant attraction. This prime location in Aiken, a thriving city known for its horse racing and proximity to the Savannah River Site, offers significant development potential for various commercial uses, including quick-service restaurants (QSR), gas stations, medical facilities, or retail establishments. The asking price is $834,930. The APN is 122-07-09-003. This is a rare opportunity to acquire a substantial commercial property in a high-growth area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $532,575
    6.5%
    $491,608
    7%
    $456,493
  • Comparable approach

    Method
    Valuation
    Relative Method
    $444,195
    Geo Method
    $499,799
  • Alternative Use

    Use
    Valuation
    Residential
    $414,689
    Hospitality
    $379,853
    Educational
    $316,033
    Medical
    $326,902
    Retail
    $491,608
801 Pine Log Rd, Aiken, South Carolina

Location Insight

City
Aiken
County
Aiken
State
South Carolina
Latitude
33.5328
Longitude
-81.6992
CBSA code
12260
CBSA name
AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,388
$9,310
$8,680
$17,990
-
$188,500
$159,890
$348,390

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