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    1216 Broad St Augusta, GA 30901

    Sponsored
    For Sale
    $1,550,000

    Downtown Augusta retail gem, 20,000+ sq ft.

    Property size:
    20,478 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning three-story, 20,478 square foot storefront, known as The Daitch Building, is located at 1216 Broad Street in Augusta, Georgia's vibrant downtown historic district. Built in 1911 and renovated in 1960, this single-tenancy property sits on a 0.24-acre lot (APN: 037-3-273-00-0) and is zoned B-2. The first floor boasts 8,664 square feet of retail space, currently configured as a showroom with offices and restrooms, plus a rear warehouse. The second floor offers an additional 8,664 square feet of storage space. The third floor comprises 3,150 square feet of historic shell space, featuring original fireplaces, pocket doors, and heart pine floors, ready for renovation. Recent improvements include an $88,000 TPO roof coating and seal, and fully updated sprinkler systems. The building also includes a freight elevator, a monitored security and fire system, two 5-ton Rheem HVAC units in the retail space, and a new 6-ton unit ready for installation in the warehouse. The property benefits from a gated rear loading zone with a roll-up door. This exceptional property is eligible for Historic Tax Credits and Opportunity Zone programs, presenting significant value-add potential for residential or office development. The current owner is willing to lease back the space for a period of time. The asking price is $1,550,000 ($75.69/sq ft).

    Property Features for 1216 Broad St

    General Information

    Property type
    Individual retail properties
    Square Feet
    20,478 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built/Renovated
    1911/1960
    Buildings
    1
    Stories
    3

    HighLights

    • Value‑add opportunity: Three‑story, 20,478 SF building with significant potential for lease‑up.
    • Ground floor retail space available for lease; owner will vacate upon sale.
    • Recent upgrades include an $88,000 TPO roof and sprinkler system improvements.
    • Eligible for Historic Tax Credits and Opportunity Zone benefits.
    • Prime downtown Augusta location in a high‑demand area.
    Property Profile Location Intelligence

    Current Use by Public Records

    International Uniform Inc Uniform Store

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Law Firm Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -81.973340058241
    Latitude
    33.477862918803

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Augusta retail gem, 20,000+ sq ft.
    Where is this individual retail property located?
    The property is located at 1216 Broad St Augusta, GA.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Value-add opportunity: Three-story, 20,478 SF building with significant potential for lease-up.; Ground floor retail space available for lease; owner will vacate upon sale.; Recent upgrades include an $88,000 TPO roof and sprinkler system improvements.
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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
    1216 Broad St Augusta, GA 30901
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