Downtown Augusta Investment Property

This property is located on the 10th Block of Downtown Augusta, GA, and is located in the heart of the central business district of Augusta. It is located across the street from two local favorite restaurants (owned and operated by the Frog Hollow Group); Taco Cat and Pho Romen and surrounded by many more on Broad Street. This truly is one of the premiere corridors in all of downtown for cuisine, which means ample foot traffic and only increasing demand for this location long-term. It is also in close proximity to the Medical District which consists of Piedmont Hospital, the VA, Children's Hospital, AU Hospital, Medical College of Georgia, and more. Lastly, it is located close to the Georgia Cyber Center and Augusta University. With its close proximity to the medical district and college of nursing, dental college, and medical college, there is a high demand for nice residential units in the downtown area.The Finem Group at Meybohm Commercial is proud to exclusively present this prime downtown Augusta investment opportunity for sale. The leased building is ±9,072 square feet of space located off Tenth Street. It is a mixed-use building that features two bottom restaurant spaces and three upstairs apartment units. Both the restaurant and the apartment spaces are in very good condition. In the last couple of years, the owner has repaired the roof (2018), AC units (3) replaced in the upstairs lofts, 35 exterior windows replaced (2019), and repainted the exterior (2021). The property features a brand new 5-year NNN lease for one of the restaurant spaces. This lease features 4% annual increases. The other restaurant space has 1.5 years left on its lease and has 5% annual increases. Two of the apartment units are fully furnished with one being used as an Air Bnb while the other is leased out to a tenant. Lastly, the other apartment unit is leased out to a tenant. This property makes the perfect opportunity for a real estate investor wanting cash flow day one and a premium building in a growing downtown located at one of the premiere trafficked intersections in all of downtown. * The seller currently has active lease-to-own agreements for restaurant equipment with two tenants. It may be in the buyer’s best interest to assume these contracts as a part of the acquisition. Additional details available upon request (Not included in shown sales price).