23K SF Historic Downtown Building | 305 8th St
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23K SF Historic Downtown Building 305 8th St
23,664 SF Vacant Retail Building Augusta, GA 30901 £938,940 (£40/SF)
Investment Highlights
- 23,664 SF, Sprinkler system installed but not connected
- Interest in the 10’ Alley in the rear giving the property rear access
- Centrally located right off of Broad St., near the Augusta Commons
- Ideal use as retail and apartments, or as office building
Executive Summary
Meybohm Commercial is pleased to present this Historic 23,664 SF property located on Eight St. in Augusta, GA. The buildings served as a Carriage and Harness fabricating facility in the 1880's, next door to a grocery store. Ideal for Retail/apartments, this building is located directly behind the Woolworth’s building. Currently containing two 3,912 SF storefronts, “Afficionados” and “Humanitree House”, this property is ideal for historic tax credit renovation, and conversion into apartments or office space. The Board of Education Parking deck is public from 5pm-8am daily, and provides parking for the businesses on this corridor.
The property has heart pine floors throughout, pitched and recently recoated roofs, masonry exterior, tongue-and-groove ceilings, a recently installed-but-not-connected fire sprinkler system, a freight elevator, and access to a 10' rear alley that provides access to rear of building. Half of the second floor and all of the second has been gutted. Amazing historic property.
Located in the epicenter of growth at Eighth St. between Broad and Greene Streets near the Augusta Commons. The Augusta Commons are one of Augusta's main locales for festivals and events such as Arts in the Heart, Westoubou Arts Festival, and the Hispanic Festival. The 800 block of Broad is located directly between major new developments including the $94 million dollar redevelopment of the Augusta Railroad Depot, and the $111 Million development of the Georgia Cyber Center. This property is located in an Opportunity Zone and eligible for special tax incentives.
The property has heart pine floors throughout, pitched and recently recoated roofs, masonry exterior, tongue-and-groove ceilings, a recently installed-but-not-connected fire sprinkler system, a freight elevator, and access to a 10' rear alley that provides access to rear of building. Half of the second floor and all of the second has been gutted. Amazing historic property.
Located in the epicenter of growth at Eighth St. between Broad and Greene Streets near the Augusta Commons. The Augusta Commons are one of Augusta's main locales for festivals and events such as Arts in the Heart, Westoubou Arts Festival, and the Hispanic Festival. The 800 block of Broad is located directly between major new developments including the $94 million dollar redevelopment of the Augusta Railroad Depot, and the $111 Million development of the Georgia Cyber Center. This property is located in an Opportunity Zone and eligible for special tax incentives.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,664 SF
Building Class
C
Year Built/Renovated
1901/1970
Price
£938,940
Price Per SF
£40
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
3
Building FAR
3.02
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
B-2
Frontage
72 ft on 8th St
Amenities
- Tenant Controlled HVAC
- Air Conditioning
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0471125000 | Improvements Assessment | £217,734 |
| Land Assessment | £13,497 | Total Assessment | £231,231 |
PROPERTY TAXES
Parcel Number
0471125000
Land Assessment
£13,497
Improvements Assessment
£217,734
Total Assessment
£231,231
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23K SF Historic Downtown Building | 305 8th St
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