1101 Greene St Augusta, GA 30901

This exceptional mixed-use investment opportunity presents a 4,952 square foot, two-story building situated on a 0.17-acre lot in the heart of Augusta, Georgia. The Cartledge Building, constructed in 1931 and renovated in 2002 and 2019, boasts a desirable B-Class designation and offers a blend of creative office, medical office, and storefront spaces, currently housing four tenants. With a stabilized investment profile, the property features a strong 8.80% cap rate and a net operating income (NOI) of $44,356. The asking price is $504,000, translating to $101.78 per square foot. The 4,467 square feet of net rentable space enjoys a current occupancy rate of 64%, projected to reach full occupancy by September 18, 2024. Twelve parking spaces are available, including an adjoining lot at 305 Eleventh St. The property is zoned B1 and benefits from a high-visibility corner location, easily accessible by vehicle and within walking distance of downtown commercial and residential areas. Rent bumps are in place, and the property has a proven track record of long-term rentals. Detailed financial statements, pro forma, and capital equipment lists are available upon request. The information provided is believed to be accurate but should be independently verified.