1646 Gordon Hwy, Augusta, GA 30906
1,717 SF | Retail Building | Augusta, GA 30906 | $255,000 ($149/SF) | 6.27% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $255,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 1,717 SF
- Price / Square Foot
- $149
Listing Contacts
Zack Hartman
Verified Profile
- Property Info
Property Overview
Introducing an exceptional opportunity for retail/restaurant investors in Augusta, GA. This prime property is located near the intersection of Gordon Hwy and Deans Bridge Rd in Augusta Ga, right across from the Southgate Plaza shopping center on Gordon Hwy. Just minutes away from Downtown Augusta and surrounded by other retail spaces, apartments and neighborhoods.
This property offers a 1,717 SF building, zoned C3- Commercial, with a new Roof and HVAC system installed in April 2021. With 100% occupancy, it presents a solid investment with immediate returns. Current tenant has 2 years remaining on the initial lease term and 2 additional renewal options all with built in 5% annual rent increases. Landlord is only responsible for the Taxes and Insurance on the property.
This property offers a 1,717 SF building, zoned C3- Commercial, with a new Roof and HVAC system installed in April 2021. With 100% occupancy, it presents a solid investment with immediate returns. Current tenant has 2 years remaining on the initial lease term and 2 additional renewal options all with built in 5% annual rent increases. Landlord is only responsible for the Taxes and Insurance on the property.
Property Details
- Class
- C
- Year Built
- 1973
- Stories
- 1
- Lot Size (sq. ft)
- 16,117 SF
Highlights
- 100% occupancy for immediate investment returns
- High visibility with 21,000 VPD traffic count
- Brand New Roof & HVAC System Installed April 2021
- 2 years remaining on current lease
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