Cartledge Building 1101 Greene St 5,101 SF Office Building Augusta, GA 30901 $499,000 ($97.82/SF) 8.89% Cap Rate

INVESTMENT HIGHLIGHTS

  • Easily accessed by vehicle and walkable to all prominent downtown commercial & multi-family locations. Excellent and rare paved off-street parking.
  • Recent 2019 updates & renovations.
  • Excellent and rare paved off-street parking.

EXECUTIVE SUMMARY

Strong Long Term Rental History in Resurgent Downtown Location.
Steps from the Medical College of Georgia and the expansive Medical District.
A short walk to the Georgia Cyber Center, the Central Business, and new hotels & multifamily properties.
This high traffic location is surrounded by hundreds of new apartments across a dozen developments and counting.
Key corner lot in Opportunity Zone has redevelopment potential for a high density project.
1031 exchange option.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
5,101 SF
Building Class
B
Year Built/Renovated
1931/2019
Price
$499,000
Price Per SF
$97.82
Cap Rate
8.89%
NOI
$44,356
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,551 SF
Building FAR
0.69
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
B-2 - General Business
Parking
12 Spaces (2.35 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Security System
  • Central Heating
  • Drop Ceiling
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 307
  • 1,802 SF
  • Office/Retail
  • Full Build-Out
  • Now

3 Private Restrooms

Space Size Space Use Condition Available
1st Fl-Ste 307 1,802 SF Office/Retail Full Build-Out Now

1st Fl-Ste 307

Size
1,802 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now
Walk Score®
Very Walkable (71)

PROPERTY TAXES

  • Listing ID: 32624689

  • Date on Market: 7/30/2024

  • Last Updated:

  • Address: 1101 Greene St, Augusta, GA 30901