2403 Mount Auburn St
Augusta, GA 30904
Property For Lease · 20,691 SF
![2403 Mount Auburn St, Augusta, GA for sale - Primary Photo - Image 1 of 1](https://images1.loopnet.com/i2/5q8fLe3v6B4C6T_4cSCj3eEYNvPVU77n9V0AtYNZkNs/110/2403-Mount-Auburn-St-Augusta-GA-Primary-Photo-1-Large.jpg)
HIGHLIGHTS
- Four one -hundred year old brick buildings
- Within minutes to Augusta University and Medical Schools
- Hardwood floors and like-new roof
ABOUT THE PROPERTY
Call 678.488.9918 for a reserved time or list price. NOW OFFERING FOR LEASE OF FOR SALE: The almost one-hundred-year old Weed School is looking to the future and the possibilities for the community seem endless. The Weed School sits on 2.02 acres in the "Hill" Sand Hills community (39,000 sq ft of parking) and is blocks from two of the most exclusive golf clubs in America, (Augusta National and Augusta Country Club) surrounded by wealth, Universities and redevelopment opportunities, and is currently zoned for up to 60,000 sq. feet of condos or apartments. If rezoned, it may be able to go to 100,000 square feet or more for best usage. (There are also 83 home site lots for sale within blocks of the Weed School.) Included in the sale of The Weed School are four buildings: A cafeteria, an auditorium, an office, and a classroom building. The four buildings can be condo'd out and sold individually, (Create 15 lofts and sell them as condo's) are connected via arched walkways, completely brick, and the structures of the buildings appear strong. As for the interior, after almost one-hundred years, the school still maintains the original hardwood floors in most of the buildings. The auditorium alone has about 3800 square feet along with hardwood floors and would make a great restaurant space, assisted living, or warehouse. The adjacent level lot is perfect for either a parking structure, or apartments surrounding the parking structure. The school has sewer and water to the property, as well as easements in place. Locally, there are five colleges nearby, major corporations, Fort Gordon, Piedmont Hospital, and downtown Augusta within a short drive. As an example of the local home pricing, the following properties are on sale or have recently sold in the area: ***3749 feet away: 1129 Highland Ave, Augusta, GA. - $900,000.00 ***3572 feet away: 2651 Henry Street, Augusta, GA. - $849,000.00 ***5610 feet from 3040 Bransford Road, Augusta, GA. - $1, 250,000.00 ***3480 feet from 2650 Henry Street, Augusta, GA. - Sold for $1,800,000.00 ****3500 feet from 2644 Henry Street, Augusta, GA. - Sold for $1, 800,000.00 *****2919 feet from 928 Johns Road, Augusta, GA. - Sold for $1,600,000.00 ***** 1139 feet away - 504 Weed Street, Augusta, GA - For sale at $175,000 ***** 2934 feet away - 2641 Royal Street, Augusta, GA - Sold for $73,250 THE FUTURE: The history of The Weed School is long and in the past, but the future use is brighter and more exciting. This property has so much potential, and we envision either condos/apartments, assisted living, church, a food hall, movie studio, musician hall, lots, restaurants, an “eater”tainment venue, mixed use spaces, a church with a school, a Sand Hills Town Center, county bus station, county offices, or shared offices being built. The opportunities are endless, and we are looking for the right developer interested in purchasing the school and making the school’s legacy last for another one hundred years. If developed into apartments, it can help solve the need for student housing for the local Augusta University students. If developed into multi-use, a restaurant end cap would work great in the auditorium. There have been food halls built throughout the state, and this area is perfect for bringing one to the area. The atmosphere the building offers is exactly what other food halls like Krog Street Market and Ponce City Market in Atlanta have, and what future customers are looking for. We envision a developer buying the property and developing it into a useful area for the community and maybe the City can help out and create some walking paths around the area. We have additional downloadable brochures at www.revivesandhills.com. Please see the images on this site of the opportunity of what the property could be. It is up to the imagination of the designer, developer and architect. Summary: *Keep as is and develop each building as a separate condo and sell them individually. *Develop the buildings into condos or apartments *Develop the buildings into shared office space and a restaurant on the end cap building (Auditorium) *Develop the buildings into a food hall and add a variety of food establishments * Add a parking deck to the parking area of the property and build apartments around it *Build up to 100 apartments on the property and use one or two buildings as a restaurant or multiple food outlets *Build apartments on the property and use the auditorium space as a catering facility or meeting space. *Expand a private school into a larger area to increase your student population. *Purchase the property for your business and lease out the remaining parcels while you stay rent free. *Convert it into a hotel, eatter-tainment venue, church, production shop for printing, screen printing, shipping, or distribution. *Ask the city to help in the build out with tax credits * Buy the building and lease it out while letting others pay for the tenant improvements. (*See spreadsheet image of example) * Ask the city to build a walking path around the community to help in redeveloping the area. * Create a distribution center along with small offices. The lot itself is close to one acre in size. * Buy it and make it into a warehouse, storage facility, or drop area or deliveries. * Purchase the building and make it a 24/7 gym * Turn the buildings into school classrooms and expand your current school * Develop it as is, and create apartments or condos with two bedrooms, and rent them out to the local college students for $750 per room or $1500 a month per apartment x 40 apartments equals $720K in annual income. (Augusta University has 10,000 students and is less than a half mile from this location.)
PROPERTY FACTS
Property Type | Specialty |
Property Subtype | School |
Building Size | 20,691 SF |
Year Built | 1936 |
FEATURES AND AMENITIES
- Bus Line
ATTACHMENTS
attachment |
LINKS
Listing ID: 27840560
Date on Market: 2/27/2023
Last Updated:
Address: 2403 Mount Auburn St, Augusta, GA 30904
The Sand Hills Specialty Property at 2403 Mount Auburn St, Augusta, GA 30904 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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