- For Sale $1,799,000
- Property Type Retail - Street Retail
- Property Size 9,072 SF
- Units 5
- Lot Size 0.12 Acre
- Additional Rent Contact for pricing
- Year Built 1888
- Date Updated Oct 30, 2024
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Highlights
- LIST PRICE: $1,799,000
- FULLY RENOVATED DOWNTOWN PROPERTY
- YEAR 1 NOI $149,419 | 7.87% CAP RATE
- 2 RESTAURANTS/BARS | 3 APARTMENTS
- FULLY LEASED OUT: This investment property is fully leased out with two retail tenants on the bottom floor and three apartment units on the top. One of the apartment units is being used as a fully furnished Air Bnb which could easily be transitioned to a leased out apartment unit.
- BRAND NEW RETAIL LEASE: This property features a brand-new 5-year NNN lease occupied by Lennox of Broad. The lease features a pro rata share reimbursement of taxes and insurance along with 4% annual rent increases.
- STRONG RENTAIL INCREASES: Along with Lennox on Tenth’s rental increase of 4% annually, Manny’s off-Broad is paying 5% annual increases which provides a new owner a strong hedge against inflation.
- BEAUTIFUL APARTMENT UNITS: The second story features three large and beautiful apartment units. Two of them are fully furnished with one of them being operated as an Air Bnb. Each unit features beautiful hardwood floors and exposed brick.
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Contacts
Location
Getting Around
-
Walk Score ®
75/100 Very Walkable -
Bike Score ®
64/100 Bikeable
- City Augusta, GA
- Neighborhood Downtown Augusta
- Zip Code 30901
- Market Augusta
Points of Interest
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Bodie's
0.34 miles
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Circle K
0.77 miles
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Shell
1.32 miles
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Phillips 66
2.23 miles
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Shopper's Stop
2.55 miles
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Bryants Express
4.11 miles
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Kroger
4.17 miles
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Costco Gasoline
4.41 miles
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Tesla Supercharger
5.06 miles
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ChargePoint
7.41 miles
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Nathan Deal Campus Parking
0.23 miles
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Parking #61
1.05 miles
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Richard Algernon Dent Boulevard Parking Deck (CT)
1.14 miles
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Goss Lane Parking Deck (CP)- Parking #04
1.28 miles
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Parking #35
1.32 miles
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Parking #69
1.42 miles
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Mill Village Trailhead
1.65 miles
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109
2.81 miles
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110
2.84 miles
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108
2.85 miles
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Manny's
0.01 miles
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Lennox On 10th
0.02 miles
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Tacocat
0.02 miles
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Pho-Ramen’l
0.04 miles
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Soy Noodle House
0.06 miles
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Mellow Mushroom
0.10 miles
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Whiskey Bar Kitchen
0.15 miles
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Laziza Mediterranean Grill
0.16 miles
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Beamie's At the River
0.26 miles
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The Pizza Joint
0.26 miles
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Thriftee's Supermarket
1.82 miles
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The Fresh Market
3.79 miles
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National Hills Shopping Center
3.80 miles
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Food Lion
3.86 miles
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Lidl
4.07 miles
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Publix
4.15 miles
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Kroger
4.21 miles
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Radha Asian Indian Grocers
5.39 miles
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Walmart Supercenter
5.81 miles
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TJ Maxx
6.13 miles
Frequently Asked Questions
How much does Downtown Augusta Investment Property cost?
The space currently listed for sale at Downtown Augusta Investment Property asks for $1,799,000.
What is the total square footage of Downtown Augusta Investment Property?
Downtown Augusta Investment Property totals 9,072 square feet.
When was this property built?
Downtown Augusta Investment Property was built in 1888.
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Contact Listing Broker
John Eckley, MBA, Civil Eng.
Meybohm Commercial Properties