Mixed-Use Affordable Housing
For Sale
Contact for pricing
1016 Laney Walker Boulevard, Augusta, GA 30901
New four-story development with 64 apartment units above an available retail space and extensive on-site resident amenities.
Property Size4,500 SF
Price / SF$0.01
Days on Market145
Property Features for 1016 Laney Walker Boulevard
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
80
Property subtype
Retail
Lease Term
Gross
Site & Location
Neighborhood
Goodale Landing
Additional Details
Multifamily Units
64
Building Details
Building Size
4,500 SF
Stories
4
Tenancy
Multi
Properties For Sale
at 1016 Laney Walker Boulevard
Suite 2
Size
900 SF
Term
Negotiable
Listing Agency:
Jordan Trotter Commercial Real Estate
Listed By:
Charlie Davis · License #432526
(706) 993-0514
Source:
Jordantrotter
Added: Jun 3
Changed: Oct 14
Last Checked: Oct 24 at 1:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jordan Trotter Commercial Real Estate
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Investment Insights
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The Lenox is a new construction, four-story affordable housing development featuring 64 total apartment units. The unit mix is 25 one-bedroom units and 39 two-bedroom units. The building also includes a central laundry facility plus shared resident amenities such as a multipurpose room, a computer room, and a fitness center. For outdoor space, the fourth-floor rooftop terrace is planned with scenic views over Historic Downtown Augusta. The leasing and management office is prominently located at the main entrance. Exterior amenities include a playground and a covered pavilion with picnic tables and grills.
A total of 80 off-street parking spaces are provided on-site, and the spaces are non-exclusive. The property includes 900 SF of commercial space available below the residential component. The development is located in growing Downtown Augusta at 1016 Laney Walker Boulevard, Augusta, GA 30901.
This is a strong fit for operators and tenants looking to locate within a mixed-use, ground-floor commercial setup paired with a sizable resident population supported by dedicated on-site services and amenities. The commercial space availability allows for a retail use that can serve building residents while benefiting from a downtown setting. Buyers considering a mixed-use affordable housing asset also gain the added structure of the on-site commercial offering and the parking plan designed to support both residential and commercial needs.
A total of 80 off-street parking spaces are provided on-site, and the spaces are non-exclusive. The property includes 900 SF of commercial space available below the residential component. The development is located in growing Downtown Augusta at 1016 Laney Walker Boulevard, Augusta, GA 30901.
This is a strong fit for operators and tenants looking to locate within a mixed-use, ground-floor commercial setup paired with a sizable resident population supported by dedicated on-site services and amenities. The commercial space availability allows for a retail use that can serve building residents while benefiting from a downtown setting. Buyers considering a mixed-use affordable housing asset also gain the added structure of the on-site commercial offering and the parking plan designed to support both residential and commercial needs.
Key Highlights
- New four‑story affordable housing development with 64 units above commercial space
- Unit mix includes 25 one‑bedroom units and 39 two‑bedroom units (total of 64)
- Includes 80 off‑street parking spaces total (non‑exclusive)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,153
Suggested Prices Based on Cap Rates
Cap Rate 5%
$163,060
$163.1K
Cap Rate 7%
$116,471
$116.5K
Cap Rate 9%
$90,589
$90.6K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$16.2K $18.00/SF
− Vacancy
−$1.4K −$1.53/SF
EGI
$14.8K $16.47/SF
− OpEx
−$6.7K −$7.41/SF
NOI
$8.2K $9.06/SF
Area
Augusta, GA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$163,060
Cap Rate 7%
$116,471
Cap Rate 9%
$90,589
Alternative Uses
Best Use
Apartment 5plus
$116.5K
$101.9K – $135.9K
NOI $8,153 @ 7.0% cap · market cap 67,941.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.1K
$248.6K – $331.4K
NOI $19,885 @ 7.0% cap · market cap 165,708.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
64
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 30901, GA
15,978
Population
8,848
Households
1.8
Avg Household Size
38
Median Age
13%
College-Educated
76%
High-School Grad
17.6 sq mi
ZIP Area
908
Density / Sq Mi
$23,019
Median Household Income
$24,349
Median Earnings
$805
Median Rent
$92,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - New four-story development with 64 apartment units above an available retail space and extensive on-site resident amenities.
Where is this apartment building located?
The property is located at 1016 Laney Walker Boulevard Augusta, GA.
What are key features of this property?
This property features: New four‑story affordable housing development with 64 units above commercial space; Unit mix includes 25 one‑bedroom units and 39 two‑bedroom units (total of 64); Includes 80 off‑street parking spaces total (non‑exclusive)
