Two-Story Downtown Office
For Sale
$990,000
1522 Richmond Street, Brunswick, GA 31520
COMMERCIAL - Brunswick, GA
Property Size4,800 SF
Lot Size0.15 Acres
Price / SF$206.25
Days on Market185
Property Features for 1522 Richmond Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
9
Subdivision
Old Town
Directions
Property is in Downtown Brunswick. From Gloucester Street, headed west, turn right on Richmond Street just before South Coast Bank. Building will be on the right. There is a parking lot for the building.
Standard status
Active
APN
0102040
Size
4,800 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
PTN129 & 130 OT
Legal Description
PTN129 & 130 OT
Building Details
Year built
1950
Floors in Building
2
Listing Agency:
Driggers Commercial Group
(912) 634-5900
Listed By:
Robert Driggers · License #278693
(912) 506-9837
Added: Jan 26
Changed: Jun 3
Last Checked: Jul 30 at 6:06PM
MLS# 1659446
Copyright © 2026 Golden Isles Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A two-story masonry and steel office building offering separate entrances for each floor. The property includes large windows for strong natural light, attractive interior finishes, and fire sprinklers. The building is supported by three power meters, and it has seen meaningful capital improvements including replaced HVAC systems within the past five years, a new roof coating recently installed, windows that were re-glazed last year, and rooftop solar installed at a reported $52,000 cost. The building’s exterior and major systems position it for continued office use with reduced operating friction.
Situated in downtown Brunswick, the property is located just behind the historic Ritz Theater. On-site parking is available with nine spaces, plus additional street parking nearby. The surrounding area provides convenient access to restaurants, banks, shops, and other offices within steps of the building.
This property can appeal to owner-users and investors alike. It may be purchased with flexibility depending on tenancy, as the ground floor currently has month-to-month office tenants who are willing to stay or vacate. Alternatively, the building may be marketed as fully vacant for a buyer seeking control over space for repositioning, with the upper floor benefiting from its history as law and architecture offices.
Situated in downtown Brunswick, the property is located just behind the historic Ritz Theater. On-site parking is available with nine spaces, plus additional street parking nearby. The surrounding area provides convenient access to restaurants, banks, shops, and other offices within steps of the building.
This property can appeal to owner-users and investors alike. It may be purchased with flexibility depending on tenancy, as the ground floor currently has month-to-month office tenants who are willing to stay or vacate. Alternatively, the building may be marketed as fully vacant for a buyer seeking control over space for repositioning, with the upper floor benefiting from its history as law and architecture offices.
Key Highlights
- Prime downtown location near the Ritz Theater, offering exceptional convenience.
- New roof coating, re‑glazed windows, and recently replaced HVAC systems ensure reduced maintenance.
- Roof‑top solar installation ($52,000 value) significantly reduces power bills.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.5k | $17.40 |
| − Vacancy | −$18.4k | −$3.83 |
| EGI | $65.1k | $13.57 |
| − OpEx | −$16.3k | −$3.39 |
| NOI | $48.9k | $10.18 |
4,800 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$698.0K
$610.7K – $814.3K
NOI $48,859 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.2K
$871.7K – $1.16M
NOI $69,733 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
Explore this area
Business Placement
Demographics for 31520, GA
22,726
Population
10,619
Households
2.1
Avg Household Size
39
Median Age
16%
College-Educated
84%
High-School Grad
20.1 sq mi
ZIP Area
1,131
Density / Sq Mi
$37,652
Median Household Income
$26,292
Median Earnings
$936
Median Rent
$135,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Masonry and steel office building with separate entrances, fire sprinklers, and multiple updated building systems.
Where is this office building located?
The property is located at 1522 Richmond Street Brunswick, GA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Prime downtown location near the Ritz Theater, offering exceptional convenience.; New roof coating, re‑glazed windows, and recently replaced HVAC systems ensure reduced maintenance.; Roof‑top solar installation ($52,000 value) significantly reduces power bills.
