Commercial Properties SC/GA

513 E. Martintown Road Next to Wendys $350,000

Commercial Listings

$1,388,000
500249 MLS
This 16,095 square foot Class A office building is ideal for an owner occupant who would like to use the rental income to cover the operating cost and mortgage for the building. Each floor is 5,365 square feet with their own bathrooms and conference rooms on each floor.The building was previously occupied by the city of Augusta's law department (2nd floor), water department (1st floor) and the housing and community development (HCD) offices (3rd floor).Currently the owner of the building is seeking to sell or lease the building, although a sale is preferred. The space is laid out ideally for owner occupant that needs a space with a large number of individual offices verses an open floorplan concept.The second floor was recently vacated and laid out with 19 individual offices and one large conference room. Both the first and third floors have current tenants occupying approximately 50% of the rentable space. The current income being produced is just over $80,000 with the potential to generate roughly $152,000 between the 1st and 3rd floors. The ideal scenario is for a user to occupy the second floor while using the first and third floors rental income to cover the expenses and mortgage for the entire building effectively making it very low cost or free to the end user.When the building was fully occupied expenses ran between $75,000 and $85,000 per year.The third floor consists of 17 individual offices, 1 common workspace and a large conference room. Individual office should rent for $400 to $500 per month. Current income is $3,445 per month with 9 offices vacant.The first floor currently has 3 tenants occupying 8 offices and a common workspace area. One customer service-oriented space is vacant. Current income is $3,265 per month.The second floor contains 19 private offices and one large conference room and was previously rented for $18 per SF per year full service. The market has softened some and current asking rent is $14.95 which would yield $6,683 per month.Building has an elevator and all mechanical systems are in tip top condition. Price recently reduced by $200,000. Building has an elevator and all mechanical systems are in tip top condition. The current income being produced is just over $80,000 with the potential to generate roughly $152,000 between the 1st and 3rd floors. The ideal scenario is for a user to occupy the second floor while using the first and third floors rental income to cover the expenses and mortgage for the entire building effectively making it very low cost or free to the end user.When the building was fully occupied expenses ran between $75,000 and $85,000 per year.

925 Laney Walker Boulevard, Augusta

$1,199,000
509275 MLS
Built in 1936 for the children of the Sand Hills community, The Weed School has been a staple in the community for almost one hundred years. Now, as it has become a place that needs revitalization, the structure is one that is highly desired. Brick walls, hardwood floors, separate buildings,and enough room for parking and developing it into condo's or apartments. This property is loaded with character that cannot be replicated. Sitting within a half mile of the University of Augusta's 10,000 students, Augusta Country Club, Augusta National, and 6000 employees, the school is perfect for redevelopment. Keller Williams - Chattahoochee North & Bramble Real Estate are proud to present this opportunity to create a new treasure for a neighborhood. Endless opportunities are within these four 1936 brick schoolhouse buildings.The four buildings, (Three of them have new roofs) along with ample parking provides an opportunity to transform the location into a food hall, restaurants, a farmer's market, a mixed-use opportunity with apartments above, as well as a possible gathering area for locals. With the new ''eater''tainment opportunities available, this treasured space can become the new gathering area for the future or the gathering area for guests during The Masters Tournament.Looking ahead, this opportunity can be transformed into a shared co-working or tech space where ideas are shared, and companies are born. Ideas like a small business lab, rented office spaces, shared central areas, a tech accelerator space or shared common areas. Think bowling alley along with ax throwing, food halls, a beer garden, and areas where startups from the local colleges stop by to have a sip of coffee or enjoy some computer time. Thinking even more out of the box is the opportunity to turn some of the space into a private key only month to month student center. Lastly, since the property is already approved for condos, condo out the four buildings, sell them individually, and add apartments on the property. This alone may pay for the cost of the purchase. The opportunity is only limited by your vision and creativity. Be the first in the area and get started transforming a neighborhood.Located alongside the school are 23 ready to build residential lots, (with 80 houses possibility) and nine rental homes also available as a separate purchase. Within these lots are two pristine acres overlooking the Augusta Country Club golf course. Developing those lots into nine town homes or twenty-one homes. (There were twenty-one homes on site previously)The Weed School is located within a half mile of the Augusta Country Club and within two miles of the Augusta National Golf (The Masters tournament)The building is comprised of:Cafeteria: Built in 1962 | 5972 Sq Feet - Zoned and approved for three storiesSchool Building 1 - Built in 1936 | 2717 Sq Feet - New RoofSchool Building 2 - Built in 1936 | 8550 Sq Feet - New RoofAuditorium - Built in 1936 | 3452 Sq Ft - New RoofAcreage: 2.2 AcresZoned and approved for apartments or condo's and up to 60,000 square feet.

2403 Mount Auburn Street, Augusta