Harrisburg Mixed-Use Income
For Sale
$269,999
702 Crawford Avenue, Augusta, GA 30904
COMMERCIAL - Augusta, GA
Property Size1,863 SF
Lot Size0.12 Acres
Price / SF$144.93
Days on Market108
Property Features for 702 Crawford Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
Not In Subdivision
Lot features
Corner Lot
Directions
On the southeast corner of Crawford Avenue and Fenwick Street, between Walton Way and Broad Street.
Standard status
Active
Size
1,863 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
645
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1926
Listing Agency:
Bragg & Associates Real Estate
(706) 922-8690
Listed By:
Sallie Shuford · License #371741
(706) 718-0017
Added: Apr 27
Changed: Aug 4
Last Checked: Aug 12 at 10:06AM
MLS# 98256847
Copyright © 2026 Hive MLS. 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.
Located in Harrisburg near Downtown Augusta, this listing includes three adjacent parcels offering income potential. The property at 702 Crawford Avenue features a structure suitable for a small service- or community-oriented business. The building has been recently refreshed and well maintained, presenting immediate potential for lease income or owner operation. Adjacent to this, at 704 Crawford Avenue, is a 2-bedroom, 1-bathroom home that can serve as additional office space for 702 Crawford Avenue or as a residence. Behind these, at 1762 Fenwick Street, is a separate 1-bedroom, 1-bathroom unit suitable for rental income or guest accommodations. The vacant lot next door at 1760 Fenwick Street can be used for parking or storage. The combined properties offer multiple structures and flexible use options. The total property size is 1863 square feet on a 0.12-acre lot.
Key Highlights
- Three adjacent parcels offer income generation potential and practical use.
- Commercial structure (702 Crawford) is suitable for a service or community‑oriented business with immediate lease income potential.
- The 2BR, 1BA home (704 Crawford) can be used as office space or a residence.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,635
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$452,700
$452.7K
Cap Rate 7%
$323,357
$323.4K
Cap Rate 9%
$251,500
$251.5K
Market Conditions
NOI Build-Up for 1,863 SF
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.
Gross rent
$40.2K $21.60/SF
− Vacancy
−$4.0K −$2.16/SF
EGI
$36.2K $19.44/SF
− OpEx
−$13.6K −$7.29/SF
NOI
$22.6K $12.15/SF
Area
Augusta, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$452,700
Cap Rate 7%
$323,357
Cap Rate 9%
$251,500
Alternative Uses
Best Use
Office B
$407.2K
$356.3K – $475.1K
NOI $28,504 @ 7.0% cap · market cap 10.56%
Second Best
Mixed Use
$323.4K
$282.9K – $377.3K
NOI $22,635 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$588.0K
$514.5K – $686.1K
NOI $41,163 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Three parcels offer income and flexible use near Downtown Augusta.
Where is this live-work space located?
The property is located at 702 Crawford Avenue Augusta, GA.
What is the asking price?
The asking price for this property is $269,999.
What are key features of this property?
This property features: Three adjacent parcels offer income generation potential and practical use.; Commercial structure (702 Crawford) is suitable for a service or community‑oriented business with immediate lease income potential.; The 2BR, 1BA home (704 Crawford) can be used as office space or a residence.
