±5,978 Square Feet Downtown Investment 602-604 3rd St 8 Unit Apartment Building $1,000,000 ($125,000/Unit) 8.77% Cap Rate Augusta, GA 30901

The Finem Group at Meybohm Commercial is pleased to present this exceptional mixed-use property in Augusta’s Historic Olde Town district. Located at 602 Third Street, this unique investment opportunity features two buildings totaling ±5,978 square feet, offering a mix of commercial and residential income potential.
This property consists of four apartment units, three office units, and a single-family home, providing diverse revenue streams. With a current vacancy, investors have the opportunity to capitalize on the value-add potential, maximizing returns by leasing the available space or repositioning the asset to meet market demand.
Situated at the corner of Walker Street and Third Street—directly across from the historic Thankful Baptist Church—this 1911-built property blends historic charm with modern functionality. The three street-facing commercial spaces boast dedicated entrances, enhancing accessibility and visibility for businesses, while the residential units offer separate access for tenants.
Ample street parking ensures convenience for both customers and residents, and the property’s separately metered utilities and shared water system provide operational efficiency. A shared laundry facility adds further tenant appeal.
Positioned in a growing area of Augusta, 602 Third Street presents a rare opportunity for investors seeking a blend of historic character and strong income potential.
Located in the heart of Downtown Augusta, this prime location offers seamless connectivity to North Augusta and the CSRA, with quick access to Washington Road, Riverwatch Parkway, and 13th Street.
Downtown is experiencing significant revitalization, with new developments like The Augustan, The Row, The Lenox, and ATC Development’s 130-unit apartments adding modern living spaces. The historic Sibley and King Mills are also being repurposed into a dynamic mixed-use innovation district.
With its blend of historic charm, accessibility, and ongoing growth, this location is an ideal setting for businesses and residents looking to be part of Augusta’s future.