900 Main Street S New Ellenton, SC 29809
10,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $75
MLS Listing ID 226017
HOA Y/N No
Year Built 1967
Lot Size 4.510 Acres
Acres 4.51
Property Sub-Type Mixed Use
Source Aiken Association of REALTORS®
Property Description
This is a value-add opportunity for an owner/operator or an investor, positioned just outside one of the main gates to the Savannah River Site. SRS is Aiken County's largest employer, with more than 13,000 workers. It is in the middle of a multi-year expansion for the Savannah River Plutonium Processing Facility, which is expected to bring thousands of construction workers to the area through the early 2030s and about 2,100 permanent jobs once it is running.
SRS shift traffic passes the property every day. Every income stream here serves that workforce: a restaurant for breakfast, lunch, and after-shift crowds, apartments for contractors who need housing, and a warehouse for contractor storage. The restaurant is currently run by an absentee owner and has historically posted strong numbers.
The property has four separate income sources that can each be leased to its own tenant, giving an investor a path to stabilized, steady income:
Restaurant (±5,320 SF): Full commercial kitchen, two built-in bars, front dining room with new LVT flooring, open rear dining and event section, and ample restrooms. A covered outdoor patio has a timber-frame roof, brick columns, wrought-iron fencing, and its own detached ±450 SF restroom building.
Warehouse (±2,080 SF): About 14' eaves, two 10' roll-up doors, insulated walls and ceiling, and a framed office area ready to finish. It suits contractor storage or a service-business base.
Office/Apartment (±1,190 SF): Finished living or office space with LVT flooring and a tiled bath.
Garage Apartment (±961 SF): Standalone unit with an attached storage garage.
The property is now being sold with an additional 1.78 acres, creating a 4.51-acre corner parcel at the signalized intersection of S Main Street (SC-19) and Williston Road (US-278). The extra acreage offers room for an outparcel, contractor laydown or yard space, or future development.
The site is zoned UD (Urban Development), which allows general and neighborhood commercial, residential, and light manufacturing uses. The main building is a pre-engineered metal structure built in 1967 and expanded in 1990. It has been substantially renovated, and the appraiser estimated its effective age at 10-15 years. It has central HVAC in the restaurant and office/apartment, a concrete front lot with bollards, and a private septic system. The site is outside the 100-year flood plain.
Offered at $750,000 | Pro forma NOI ≈ $64,800 | 8.6% pro forma cap rate
Location
State SC
County Aiken
Area Sw
Direction Take Main street south in New Ellenton, coming from Aiken, Property will be on your right just before stop light at Main St S and Hwy 278
Rooms
Other Rooms Outbuilding, Second Residence, Storage, Garage(s), Guest House
Basement None
Interior
Interior Features Wet Bar, Vaulted Ceiling(s), Cable Available, Ceiling Fan(s)
Heating Other, Electric, Forced Air, Heat Pump
Cooling Central Air
Flooring Other
Exterior
Exterior Feature Other
Parking Features Gravel, Asphalt
Utilities Available Phone Available, Water Available, Cable Available, Electricity Available, Internet Available, Natural Gas Available, Telephone Lines
Roof Type Metal
Accessibility Accessible Entrance, Accessible Common Area
Garage No
Building
Lot Description Corner Lot
Foundation Concrete Perimeter
Sewer Septic Tank
Water Public
Structure Type Other
New Construction No
Others
Tax ID 1430514001
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/aiken/226017
