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    215 10Th St Augusta, GA 30901

    For Sale
    $1,749,999

    Prime Augusta location, high NOI, strong leases.

    Property size:
    9,072 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Augusta, GA investment property offers a compelling opportunity for owner-users or investors seeking immediate cash flow. The 9,072 square foot, two-story building, situated on a 0.12-acre lot (APN: 037-3-273-00-0), is zoned B-2 and boasts a prime downtown location at 215 10th St, 30901. Built in 1888, the property has undergone significant recent renovations, including a new roof (2018), replacement of 35 exterior windows (2019), exterior repainting (2021), and AC unit replacements (2021) in the upper-level units. The building comprises two ground-floor restaurant/bar spaces and three upper-level apartments, all currently leased. One restaurant space features a brand-new five-year NNN lease with 4% annual rent increases

    Property Features for 215 10Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,072 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1888
    Stories
    2
    Units
    5

    HighLights

    • Fully renovated downtown property with Year 1 NOI of $138,584 and a 7.70% cap rate.
    • Fully leased: two ground‑floor retail spaces and three upper‑floor apartments (one currently an Airbnb).
    • New 5‑year NNN lease with Lennox of Broad, including 4% annual rent increases and pro rata tax/insurance reimbursement.
    • Strong annual rent increases: 4% for Lennox of Broad and 5% for Manny's off‑Broad.
    • Three large, renovated apartments with hardwood floors and exposed brick (two furnished).
    • Prime downtown Augusta location near medical district, cyber center, and Augusta University.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manny's Sports Off ... Restaurant Hive Bodega Gourmet Grocery Store

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -81.9702078
    Latitude
    33.4759798

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    FAQs

    What type of property is this?
    Individual retail property - Prime Augusta location, high NOI, strong leases.
    Where is this individual retail property located?
    The property is located at 215 10Th St Augusta, GA.
    What is the asking price?
    The asking price for this property is $1,749,999.
    What are key features of this property?
    This property features: Fully renovated downtown property with Year 1 NOI of $138,584 and a 7.70% cap rate.; Fully leased: two ground-floor retail spaces and three upper-floor apartments (one currently an Airbnb).; New 5-year NNN lease with Lennox of Broad, including 4% annual rent increases and pro rata tax/insurance reimbursement.
    Request Owner's contact information
    215 10Th St Augusta, GA 30901
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    Augusta, GA 30901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 10Th St Augusta, GA 30901
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