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.
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
- Operating and Financials
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
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
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 |
1 of 6
Walk Score®
Very Walkable (71)
PROPERTY TAXES
Parcel Number | 0364311000 | Total Assessment | $78,920 |
Land Assessment | $17,028 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $61,892 | Tax Year | 2024 |