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1646 Gordon Hwy

1,717 SF Retail Building Augusta, GA 30906 $255,000 ($149/SF) 6.27% Cap Rate

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Investment Highlights

100% occupancy for immediate investment returns
Brand New Roof & HVAC System Installed April 2021

High visibility with 21,000 VPD traffic count
2 years remaining on current lease

Executive Summary

Introducing an exceptional opportunity for retail/restaurant investors in Augusta, GA. This prime property is located near the intersection of Gordon Hwy and Deans Bridge Rd in Augusta Ga, right across from the Southgate Plaza shopping center on Gordon Hwy. Just minutes away from Downtown Augusta and surrounded by other retail spaces, apartments and neighborhoods.
This property offers a 1,717 SF building, zoned C3- Commercial, with a new Roof and HVAC system installed in April 2021. With 100% occupancy, it presents a solid investment with immediate returns. Current tenant has 2 years remaining on the initial lease term and 2 additional renewal options all with built in 5% annual rent increases. Landlord is only responsible for the Taxes and Insurance on the property.

1646 Gordon Hwy Sales Brochure

Property Facts Under Contract

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

1,717 SF

Building Class

Year Built

1973

Price

$255,000

Price Per SF

$149

Cap Rate

6.27%

NOI

$15,977

Tenancy

Single

Building Height

1 Story

Building FAR

0.11

Lot Size

0.37 AC

Opportunity Zone

Yes

Zoning

C3 - Commercial

Frontage

80 FT on Gordon Highway

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