Renovated Retail Shopping
1944 Walton Way Augusta, GA 30904
1944 Walton Way, Augusta, GA, 30904
Contact for pricing
For Sale
Contact for pricing
Renovated shopping center with updated exterior and parking, currently featuring one available space for an owner-operator or investor.
Property Size14,370 SF
Price / SF$180.66
Days on Market50
Property Features for 1944 Walton Way
General Information
- Standard status
- Active
- Size
- 14,370 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1988
Listing agency
Jordan Trotter Commercial Real Estate
(706) 736-1031
Listed by
Holton Brinson · License #GA 361603
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 3:59PM Checked: Jul 20 at 6:07AM
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
Investment Insights
Based on property information with market context.
This shopping center has been part of the area since 1988 and recently completed a major renovation. Improvements include a facade upgrade, a new roof, and a resurfaced parking lot, helping modernize the property’s curb appeal and day-to-day operations. The tenant mix includes both short and long-term leases, with one current vacancy alongside a few below-market inherited leases. A rent roll and pro forma are available upon request.
The property is located along Walton Way, a major retail corridor connecting the Summerville area and Augusta University campus to the medical district through the historic Harrisburg neighborhood. It sits directly in front of Richmond Academy, the area’s largest high school. Nearby retailers listed include Advance Auto, Starbucks, KFC, Krystal, CVS, and Goodwill.
For buyers or leasing partners, the renovated building and parking support straightforward retail merchandising and customer access. With one vacancy available and an existing mix of shorter and longer leases, the center can fit investors seeking an established operating asset, as well as owner-users looking to position retail tenants on a heavily trafficked neighborhood corridor. Please contact the broker for the rent roll and pro forma to review current occupancy and lease details.
The property is located along Walton Way, a major retail corridor connecting the Summerville area and Augusta University campus to the medical district through the historic Harrisburg neighborhood. It sits directly in front of Richmond Academy, the area’s largest high school. Nearby retailers listed include Advance Auto, Starbucks, KFC, Krystal, CVS, and Goodwill.
For buyers or leasing partners, the renovated building and parking support straightforward retail merchandising and customer access. With one vacancy available and an existing mix of shorter and longer leases, the center can fit investors seeking an established operating asset, as well as owner-users looking to position retail tenants on a heavily trafficked neighborhood corridor. Please contact the broker for the rent roll and pro forma to review current occupancy and lease details.
Key Highlights
- Shopping center built in 1988 along Walton Way, a major retail corridor between Summerville and Augusta University toward the medical district.
- Directly in front of Richmond Academy (the area’s largest high school).
- Recently renovated with a façade upgrade, new roof, and resurfaced parking lot.
Local Financial Insights For Retail
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 | $238.0k | $16.56 |
| − Vacancy | −$9.3k | −$0.65 |
| EGI | $228.7k | $15.91 |
| − OpEx | −$68.6k | −$4.77 |
| NOI | $160.1k | $11.14 |
14,370 SF · lease $16.56/SF/yr · vacancy 3.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.29M
$2.00M – $2.67M
NOI $160,081 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.54M
$3.97M – $5.29M
NOI $317,502 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Walton Way Veterinary ...
Veterinary Clinic
Walton Way Veterinary ...
Veterinary Clinic
H Massage
Alternative Medicine Practice
Timbuktu Cafe
Restaurant
Sally’s African hair ...
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Regency Mall — US 1 278, Augusta, GA 30904, United States
FAQs
What type of property is this?
Shopping center - Renovated shopping center with updated exterior and parking, currently featuring one available space for an owner-operator or investor.
Where is this shopping center located?
The property is located at 1944 Walton Way Augusta, GA.
What is the asking price?
The asking price for this property is $2,596,049.
What are key features of this property?
This property features: Shopping center built in 1988 along Walton Way, a major retail corridor between Summerville and Augusta University toward the medical district.; Directly in front of Richmond Academy (the area’s largest high school).; Recently renovated with a façade upgrade, new roof, and resurfaced parking lot.
