2325 Milledgeville Rd Augusta, GA 30904

This Augusta, GA, mixed-use property offers a compelling investment opportunity with three units across two buildings totaling 1,330 square feet. Currently boasting 100% occupancy and a strong 8.40% cap rate, the property generates a substantial net operating income (NOI) of $33,517 annually. The asking price is $399,000, translating to $300 per square foot and $133,000 per unit. The property features a high-demand warehouse with a long-term tenant under a recently signed multi-year lease, a newly leased salon with a 2-year lease, and a parking area leased to a major national medical group under a 10-year lease with renewal options. This strategic location on Milledgeville Road in Richmond County provides easy access to Deans Bridge Road, Gordon Highway, and Wrightsboro Road, within a predominantly industrial and commercial area. The property benefits from recent building improvements and is situated next to a large-scale medical facility renovation, further enhancing its value and potential for future growth. The current rental rates for the warehouse and salon are below market, presenting an opportunity to increase income. The LI zoning designation adds to the property's versatility and investment appeal. This is a turnkey investment with significant upside potential.