Restaurant with Covered Outdoor
For Sale
$450,000
1795 Martin Luther King Jr Boulevard, Augusta, GA 30901
Includes commercial kitchen equipment, appliances, furnishings, and a gated parking lot.
Property Size1,080 SF
Price / SF$416.67
Days on Market49
Property Features for 1795 Martin Luther King Jr Boulevard
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Business Opportunity
Site & Location
Neighborhood
Bethlehem
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
gated parking lot
Building Details
Year Built
1936
Listing Agency:
Lokation Real Estate, LLC
Listed By:
Porsha C Beasley · License #402258
(706) 910-8158
Source:
Bradberrygarnerrealestate
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 1:32PM
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 Lokation Real Estate, LLC
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Investment Insights
Based on property information with market context.
Nutritious Alternatives is an existing restaurant property in Augusta, Georgia, with commercial kitchen equipment, appliances, and furnishings included in the offering. The restaurant was built in 1936 and is being offered as-is.
Site improvements include a gated parking area and a covered outdoor dining and grilling space. The exterior area provides additional seating and includes a setup suitable for outdoor food service or hosted events. The property is located on Martin Luther King Jr Boulevard in Augusta, although the source information contains conflicting street numbers.
Site improvements include a gated parking area and a covered outdoor dining and grilling space. The exterior area provides additional seating and includes a setup suitable for outdoor food service or hosted events. The property is located on Martin Luther King Jr Boulevard in Augusta, although the source information contains conflicting street numbers.
Key Highlights
- Covered outdoor dining and grilling area
- Gated parking lot
- Commercial kitchen equipment and appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,689
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,780
$253.8K
Cap Rate 7%
$181,271
$181.3K
Cap Rate 9%
$140,989
$141.0K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$17.9K $16.56/SF
− Vacancy
−$966 −$0.89/SF
EGI
$16.9K $15.67/SF
− OpEx
−$4.2K −$3.92/SF
NOI
$12.7K $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%
$253,780
Cap Rate 7%
$181,271
Cap Rate 9%
$140,989
Alternative Uses
Best Use
Specialty Retail
$181.3K
$158.6K – $211.5K
NOI $12,689 @ 7.0% cap · market cap 2.82%
Second Best
Industrial
$97.1K
$85.0K – $113.3K
NOI $6,799 @ 7.0% cap · market cap 1.51%
Theoretical Best
Office A
$340.9K
$298.3K – $397.7K
NOI $23,862 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Under-served
Demand for This Use
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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 Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes commercial kitchen equipment, appliances, furnishings, and a gated parking lot.
Where is this conventional restaurant located?
The property is located at 1795 Martin Luther King Jr Boulevard Augusta, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Covered outdoor dining and grilling area; Gated parking lot; Commercial kitchen equipment and appliances included
