Property profile

1208 Broad St Augusta, GA 30901

FOR LEASE
Commercial land
Property ID
US22-0863315
10,191 SF 0.19 ac lot Built 1926
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional three-story mixed-use building, located at 1208 Broad Street in Augusta, Georgia (30901), presents a unique investment opportunity. Boasting a total of 9,429 square feet, the property sits on a 0.19-acre lot and was constructed in 1965. Currently, there are three retail spaces available, ranging from 3,079 to 3,175 square feet, totaling 6,000 square feet of vacant space. The building's prime location at the corner of 12th and Broad Street places it within easy walking distance of the Augusta Riverwalk, Augusta Common, and the Convention Center, ensuring high visibility and foot traffic. This vibrant area is the heart of Augusta's dining, shopping, and entertainment district. The building is zoned COMMERCIAL (APN: 036-4-214-00-0) and features separate accesses for each tenant, making it ideal for multiple businesses. Its historic character adds to its charm and appeal, while its multi-tenant design offers flexibility and potential for diverse income streams. The building's three stories provide ample space for a variety of uses, making it a versatile and attractive option for investors seeking a strong presence in a thriving downtown location. This is a rare opportunity to acquire a well-situated, established property in a high-demand area.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1926
Total area 10,191 SF
Lot 0.19 ac (8,276 SF)
Zoning code B-2
APN 036-4-214-00-0
UPID US22-0863315

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Solar Energy Company

Location

1208 Broad St Augusta, GA 30901
Augusta metro Census 11000 AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
$595k
Blend (final) Blend
$615k

Owner & transaction history

since 2023
Last sale
$650,000
2 recorded transactions
2023
$650,000
2021
$575,000

Zoning & alternative use

B-2 · Augusta, GA
Zoning description

B-2 (General Business) Zone 22-1 TABLE OF CONTENTS SECTION CHAPTER P A G E INDUSTRIAL DISTRICT CLASSIFICATIONS 23 LI (Light Industry) Zone 23-1 24 HI (Heavy Industry) Zone 24-1 SPECIAL DISTRICT CLASSIFICATIONS 25 HPA (Hi…

General category COMMERCIAL
Top alternative use upside
Industrial (general) $675,000 +0.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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