1634 Olive Rd Augusta, GA 30904
- Commercial land
- 89,716 SF
- 5.57 lot acres
Current Use by Public Records
- Olive Road | America's Remanufacturing Company / Manufacturer
Property Details for 1634 Olive Rd
- Year built
- 1965
- Lot size
- 5.57 lot acres
- Property size
- 89,716 SF
- Zone code
- LI
- Property type
- Commercial land
- APN
- 058-1-048-01-0
- APU
- 581048010
Description
This exceptional Augusta, GA industrial investment presents a compelling opportunity. The 92,892 square foot, single-tenant manufacturing facility sits on a 5.57-acre lot and boasts a 6.55% cap rate with a NOI of $278,397. Currently 100% occupied under a NNN lease expiring June 30, 2027, the property features a recently renovated (2024) building constructed in 1965. The lease, at $3/SF, is significantly below market rate (~$4/SF), offering substantial upside potential upon lease renewal. The tenant, Clover Environmental Solutions (a multinational corporation with a corporate guarantee), is currently improving the office space at their own expense, suggesting a strong likelihood of long-term occupancy. Key features include a brand new TPO roof with a 20-year warranty, 19' clear heights, 25' x 30' column spacing, 240 3-phase power, eight dock-high doors (six on one side, two on the other), an explosion-proof room, a new security system, LED lighting, and ample parking (80 spaces). The property also benefits from a railroad spur and multiple office spaces. Its strategic location in Augusta, GA, provides easy access to I-20, I-520, and major ports in Charleston and Savannah, making it ideal for logistics and distribution. The property is zoned LI and has an APN of 058-1-048-01-0.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Richmond
- State
- Georgia
- Longitude
- -82.0071
- Latitude
- 33.4589
- CBSA code
- 12260
- CBSA name
- AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA
