±5,978 Square Feet Downtown Investment

602 3rd Street, Augusta, GA 30901

  • For Sale $1,000,000
  • Property Type Multi-Family
  • Property Size 5,978 SF
  • Units 8
  • Date Updated Feb 28, 2025
Located in the heart of Downtown Augusta, this prime location offers seamless connectivity to North Augusta and the CSRA, with quick access to Washington Road, Riverwatch Parkway, and 13th Street. Downtown is experiencing significant revitalization, with new developments like The Augustan, The Row, The Lenox, and ATC Development’s 130-unit apartments adding modern living spaces. The historic Sibley and King Mills are also being repurposed into a dynamic mixed-use innovation district. With its blend of historic charm, accessibility, and ongoing growth, this location is an ideal setting for businesses and residents looking to be part of Augusta’s future.The Finem Group at Meybohm Commercial is pleased to present this exceptional mixed-use property in Augusta’s Historic Olde Town district. Located at 602 Third Street, this unique investment opportunity features two buildings totaling ±5,978 square feet, offering a mix of commercial and residential income potential. This property consists of four apartment units, three office units, and a single-family home, providing diverse revenue streams. With a current vacancy, investors have the opportunity to capitalize on the value-add potential, maximizing returns by leasing the available space or repositioning the asset to meet market demand. Situated at the corner of Walker Street and Third Street—directly across from the historic Thankful Baptist Church—this 1911-built property blends historic charm with modern functionality. The three street-facing commercial spaces boast dedicated entrances, enhancing accessibility and visibility for businesses, while the residential units offer separate access for tenants. Ample street parking ensures convenience for both customers and residents, and the property’s separately metered utilities and shared water system provide operational efficiency. A shared laundry facility adds further tenant appeal. Positioned in a growing area of Augusta, 602 Third Street presents a rare opportunity for investors seeking a blend of historic character and strong income potential.
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Highlights

  • Sale Price: $1,000,000
  • Price/SF: $167
  • Office Spaces: 3 Office Units
  • Single Family: 1 Single Family Home
  • Apartments: 4 (1 Bed/1 Bath)
  • Pro Forma Cap Rate: 8.77%
  • Pro Forma NOI: $87,711
  • Condition: Newly Renovated Interior
  • 3 Mile Population: 32,079
  • 3 Mile Median Household Income: $35,216

Contacts

broker

Meybohm Commercial Properties

Location

Getting Around

  • Walk Score ®

    51/100 Somewhat Walkable
  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Augusta, GA
  • Neighborhood Old Town Augusta
  • Zip Code 30901
  • Market Augusta

Points of Interest

  • Bodie's

    1.35 miles

  • Circle K

    1.80 miles

  • Shell

    2.10 miles

  • Phillips 66

    2.63 miles

  • Shopper's Stop

    3.08 miles

  • Bryants Express

    5.05 miles

  • CK

    5.15 miles

  • Kroger

    5.20 miles

  • Tesla Supercharger

    6.08 miles

  • ChargePoint

    8.38 miles

  • Nathan Deal Campus Parking

    1.20 miles

  • Parking #61

    1.63 miles

  • Richard Algernon Dent Boulevard Parking Deck (CT)

    1.80 miles

  • Goss Lane Parking Deck (CP)- Parking #04

    1.99 miles

  • Parking #35

    2.12 miles

  • Parking #69

    2.23 miles

  • Mill Village Trailhead

    2.68 miles

  • 109

    3.67 miles

  • 110

    3.69 miles

  • 108

    3.71 miles

  • Queen Anne Inn

    0.23 miles

  • Holiday Inn Express

    0.39 miles

  • Augusta Budget Inn

    0.43 miles

  • America's Best Inn & Suites

    0.51 miles

  • Ramada Augusta Downtown Hotel & Conference Center

    0.61 miles

  • Augusta Marriott at the Convention Center

    1.02 miles

  • Executive Inn & Suites, Augusta

    1.13 miles

  • Hyatt House Augusta / Downtown

    1.30 miles

  • Crowne Plaza North Augusta

    1.71 miles

  • Quality Inn

    1.72 miles

  • Red Lobster

    0.32 miles

  • Wendy's

    0.33 miles

  • Popeyes

    0.38 miles

  • The Brunch House of Augusta

    0.52 miles

  • Riverside Cafe

    0.69 miles

  • Laziza Mediterranean Grill

    0.92 miles

  • Beamie's At the River

    0.95 miles

  • The Boll Weevil

    0.97 miles

  • Quiznos

    0.99 miles

  • Tacocat

    1.02 miles

  • Augusta Heritage Academy

    0.23 miles

  • Craig-Houghton Elementary School

    0.46 miles

  • University Of Georgia Extension

    0.52 miles

  • Southern Bible Institute and Seminary

    0.76 miles

  • Immaculate Conception Catholic School

    0.76 miles

  • Silas Xavier Floyd School

    1.15 miles

  • WS Hornsby Elementary School

    1.22 miles

  • John S. Davidson Fine Arts Magnet School

    1.27 miles

  • Augusta University Riverfront Campus

    1.29 miles

  • Saint Benedict of the Moors Industrial School

    1.33 miles

  • Childcare Network

    7.64 miles

  • Universal Learning Academy

    7.76 miles

  • Oakbrook Country Day

    9.32 miles

Frequently Asked Questions

How much does ±5,978 Square Feet Downtown Investment cost?

The space currently listed for sale at ±5,978 Square Feet Downtown Investment asks for $1,000,000.

What is the total square footage of ±5,978 Square Feet Downtown Investment?

±5,978 Square Feet Downtown Investment totals 5,978 square feet.

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Meybohm Commercial Properties

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