Cartledge Building | 1101 Greene St
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Cartledge Building 1101 Greene St
5,101 SF Office Building Augusta, GA 30901 £394,355 (£77/SF) 8.80% Net Initial Yield
Investment Highlights
- Easily accessed by vehicle and walkable to all prominent downtown commercial & multi-family locations. Excellent and rare paved off-street parking.
- Recent 2019 updates & renovations.
- Excellent and rare paved off-street parking.
Executive Summary
Strong Long Term Rental History in Resurgent Downtown Location.
Steps from the Medical College of Georgia and the expansive Medical District.
A short walk to the Georgia Cyber Center, the Central Business, and new hotels & multifamily properties.
This high traffic location is surrounded by hundreds of new apartments across a dozen developments and counting.
Key corner lot in Opportunity Zone has redevelopment potential for a high density project.
1031 exchange option.
Steps from the Medical College of Georgia and the expansive Medical District.
A short walk to the Georgia Cyber Center, the Central Business, and new hotels & multifamily properties.
This high traffic location is surrounded by hundreds of new apartments across a dozen developments and counting.
Key corner lot in Opportunity Zone has redevelopment potential for a high density project.
1031 exchange option.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
5,101 SF
Building Class
B
Year Built/Renovated
1931/2019
Price
£394,355
Price Per SF
£77
Net Initial Yield
8.80%
NOI
£34,706
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,551 SF
Building FAR
0.69
Land Acres
0.17 AC
Opportunity Zone
Yes
Zoning
B-2 - General Business
Parking
12 Spaces (2.35 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Route
- Security System
- Central Heating
- Suspended Ceilings
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
3 Private Restrooms
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 307 | 1,802 SF | Office/Retail | Full Build-Out | Now |
1st Fl-Ste 307
| Size |
| 1,802 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 307
| Size | 1,802 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
3 Private Restrooms
1 of 1
Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 0364311000 | Total Assessment | £61,751 |
| Land Assessment | £13,324 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £48,427 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0364311000
Land Assessment
£13,324
Improvements Assessment
£48,427
Total Assessment
£61,751
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
-
Paul King -
Rex Property & Land, LLC
(706) 722-4962
x102
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Cartledge Building | 1101 Greene St
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