Community Convenience Grocery
For Sale
$1,500,000
1675 Olive Road, Augusta, GA 30904
Commercial Sale, Augusta, GA
Property Size5,390 SF
Lot Size0.53 Acres
Price / SF$278.29
Days on Market355
Property Features for 1675 Olive Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Level
Directions
Travel Hwy 20 East To Milledgeville Rd East Augusta To Left On Olive Rd To EZ Grocery On The Left.
Standard status
Active
APN
0583101000
Size
5,390 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
3994
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Building materials
Block, Concrete
Listing Agency:
Realty ONE Group Vista
(706) 400-1212
Listed By:
Donna Dillard
(678) 777-1813
Added: Nov 2, 2025
Changed: Oct 22
Last Checked: Oct 22 at 9:06PM
MLS# 10642072
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,390-square-foot grocery and convenience property occupies 0.53 acres in Augusta, Georgia. The existing retail operation offers fresh produce, pantry staples, snacks, and household goods for everyday shopping needs. The building was constructed in 1953 with block and concrete materials and includes central heating and central air conditioning.
A dedicated parking lot supports customer access. The property is served by public water and public sewer, with electricity available. Located at 1675 Olive Road in the 30904 ZIP code, the site is within Richmond County and provides an established setting for neighborhood-oriented grocery and convenience retail.
A dedicated parking lot supports customer access. The property is served by public water and public sewer, with electricity available. Located at 1675 Olive Road in the 30904 ZIP code, the site is within Richmond County and provides an established setting for neighborhood-oriented grocery and convenience retail.
Key Highlights
- 5,390‑square‑foot grocery and convenience property on 0.53 acres
- Existing store offers fresh produce, pantry staples, snacks, and household goods
- Block and concrete construction; built in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,329
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,266,580
$1.3M
Cap Rate 7%
$904,700
$904.7K
Cap Rate 9%
$703,656
$703.7K
Market Conditions
NOI Build-Up for 5,390 SF
Gross rent
$89.3K $16.56/SF
− Vacancy
−$4.8K −$0.89/SF
EGI
$84.4K $15.67/SF
− OpEx
−$21.1K −$3.92/SF
NOI
$63.3K $11.75/SF
Area
Augusta, GA
Vacancy
5.40%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,266,580
Cap Rate 7%
$904,700
Cap Rate 9%
$703,656
Alternative Uses
Best Use
Specialty Retail
$904.7K
$791.6K – $1.06M
NOI $63,329 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$857.8K
$750.6K – $1.00M
NOI $60,044 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,091 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30904, GA
24,145
Population
12,558
Households
1.9
Avg Household Size
38
Median Age
31%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
2,195
Density / Sq Mi
$45,636
Median Household Income
$29,101
Median Earnings
$953
Median Rent
$185,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Yeung Supermarket — 1671 Olive Rd, Augusta, GA 30904
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Grocery and convenience store with a parking lot, central HVAC, public water, public sewer, and electricity available.
Where is this grocery and convenience store located?
The property is located at 1675 Olive Road Augusta, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,390‑square‑foot grocery and convenience property on 0.53 acres; Existing store offers fresh produce, pantry staples, snacks, and household goods; Block and concrete construction; built in 1953
