305 8th St, Augusta, GA 30901-2247
- Commercial land
- 23,664 SF
- 0.18 lot acres
Current Use by Public Records
- Humanitree House / Restaurant
- Adirondack Chairs Augusta / Furniture & Home Goods / Hardware & Home Improvement
- Garden City Jazz / Music Venue
Property Details for 305 8th St
- Year built
- 1901
- Lot size
- 0.18 lot acres
- Zone code
- B-2
- Property type
- Commercial land
- APN
- 047-1-125-00-0
- APU
- 471125000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 9, 2016 | $112,600 | Louis A Williamson | Kerlin,robert A | Warranty Deed | — |
| Apr 29, 2005 | $170,000 | Kerlin,robert A | Jane Bush Long | Warranty Deed | $137k · Georgia Bk&tr/augusta |
| — | — | Robert A Kerlin | — | Deed Of Trust · related | $104k · Professional Lending LLC |
| — | — | Kerlin,robert A | — | Deed Of Trust · related | $241k · Suntrust Bk/tallahassee |
| — | — | Robert A Kerlin | — | Deed Of Trust · related | $225k · Suntrust Bank NA |
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,304,000
- AI Estimate
- $1,260,000
Market price range: $830k - $2.54MMarket price range: $582k - $2.47M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,560,000 Current use
- INDUSTRIAL (GENERAL)
- $1,570,000 Change: +1% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Richmond
- State
- Georgia
- Longitude
- -81.9663
- Latitude
- 33.4741
- CBSA code
- 12260
- CBSA name
- AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA
