305 8th St Augusta, GA 30901-2247

This exceptional 23,664-square-foot mixed-use building, located at 305 8th Street in Augusta, Georgia, presents a unique investment opportunity. Built in 1901 and renovated in 1980, this three-story Class B property sits on a 0.19-acre lot (APN 047-1-125-00-0) and is zoned B-2. Currently housing two 3,912-square-foot storefronts, the building boasts heart pine floors, pitched roofs (recently recoated), a masonry exterior, and tongue-and-groove ceilings. A freight elevator is present, and a 10-foot rear alley provides convenient rear access. While a fire sprinkler system is installed, it is not yet connected. Half of the second floor and the entire third floor have been gutted, offering significant potential for redevelopment. The property's central location in Augusta, between Broad and Greene Streets near the Augusta Commons, places it in the heart of the city's growth, close to major developments like the Augusta Railroad Depot and the Georgia Cyber Center. Its proximity to the Augusta Commons makes it ideal for festivals and events. This property is situated within an Opportunity Zone, qualifying for special tax incentives. The asking price is $1,200,000 ($50.71 per square foot). Public parking is available at the nearby Board of Education parking deck from 5 pm to 8 am daily. This historic building offers a compelling blend of character and potential for a variety of uses, including retail, apartments, or office space. The building's rich history, coupled with its prime location and redevelopment potential, makes it an attractive investment.