Retail and Office Building with
For Sale
Contact for pricing
608 Broad Street, Augusta, GA 30901
Tenant utilities and capped HVAC repair costs, with designated off-street parking accessed from Broad and 6th Street.
Property Size8,395 SF
Days on Market148
Property Features for 608 Broad Street
General Information
Standard status
Active
Size
8,395 SF
Class
B
Total Parking Spaces
18
Property subtype
Office
Lease Term
NNN
Site & Location
Neighborhood
Old Town
Building Details
Building Size
8,395 SF
Year Built
1896
Properties For Sale
at 608 Broad Street
608 Broad Street
Size
1,737 SF
Term
Negotiable
Listing Agency:
Jordan Trotter Commercial Real Estate
Listed By:
Liam Welch · License #GA #425517
(706) 513-9996
Source:
Jordantrotter
Added: Jun 4
Changed: Oct 25
Last Checked: Oct 28 at 5:20AM
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
Based on property information with market context.
This mixed-use building at 608 Broad Street includes retail/office space with tenant-responsibility for utilities, a pro-rata share of property taxes, and building insurance. HVAC repair costs are capped for tenants, helping manage ongoing operating expenses. Off-street parking is maintained by the landlord, and tenants benefit from multiple ways to access the parking area.
There are two access points to the parking lot servicing 608 Broad Street: one entrance is on Broad Street and the other is on 6th Street. The building also includes two designated parking stalls for the residential units upstairs. The remaining parking supply for the retail/office space consists of 16 stalls available on a first-come, first-served basis.
For tenants who need convenient daily access, the arrangement provides both private parking and additional options nearby. Parallel parking is available along 6th Street, and the landlord can provide additional private parking upon tenant request. This setup may be particularly workable for businesses that rely on customer and employee parking without reserving every stall in advance.
There are two access points to the parking lot servicing 608 Broad Street: one entrance is on Broad Street and the other is on 6th Street. The building also includes two designated parking stalls for the residential units upstairs. The remaining parking supply for the retail/office space consists of 16 stalls available on a first-come, first-served basis.
For tenants who need convenient daily access, the arrangement provides both private parking and additional options nearby. Parallel parking is available along 6th Street, and the landlord can provide additional private parking upon tenant request. This setup may be particularly workable for businesses that rely on customer and employee parking without reserving every stall in advance.
Key Highlights
- Year built 1896 building with tenant‑paid expenses including utilities, pro‑rata property taxes, and building insurance
- Tenants also have capped HVAC repair costs
- Designated off‑street parking maintained by the landlord
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,444
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,568,880
$2.6M
Cap Rate 7%
$1,834,914
$1.8M
Cap Rate 9%
$1,427,156
$1.4M
Market Conditions
NOI Build-Up for 8,395 SF
Gross rent
$201.5K $24.00/SF
− Vacancy
−$30.2K −$3.60/SF
EGI
$171.3K $20.40/SF
− OpEx
−$42.8K −$5.10/SF
NOI
$128.4K $15.30/SF
Area
Augusta, GA
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,568,880
Cap Rate 7%
$1,834,914
Cap Rate 9%
$1,427,156
Alternative Uses
Best Use
Office B
$1.83M
$1.61M – $2.14M
NOI $128,444 @ 7.0% cap · market cap 755,552.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,486 @ 7.0% cap · market cap 1,091,094.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
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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 Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Tenant utilities and capped HVAC repair costs, with designated off-street parking accessed from Broad and 6th Street.
Where is this office unit located?
The property is located at 608 Broad Street Augusta, GA.
What are key features of this property?
This property features: Year built 1896 building with tenant‑paid expenses including utilities, pro‑rata property taxes, and building insurance; Tenants also have capped HVAC repair costs; Designated off‑street parking maintained by the landlord
