The Daitch Building

For Sale

1216 Broad Street, Augusta, GA 30901

This Augusta property for sale is located at 1216 Broad Street. The current listed sale price for The Daitch Building is $1,550,000. The Daitch Building is situated on a lot that is 0.24 acre in size.

Contacts

broker

Jonathan Aceves, CCIM, MBA

Meybohm Commercial Properties

Property Details

  • Property Type Retail - Street Retail
  • Property Size 20,478 SF
  • Lot Size 0.24 Acre
  • Additional Rent Contact for pricing
  • Year Built 1911
  • Year Renovated 1960
  • Date Updated Apr 27, 2024
This property is located on the 12th Block of Broad Street in Downtown Augusta, GA. The property is located in the heart the Historic Downtown Restaurant and Entertainment District. The 1200 block of Broad is located directly between major new developments including three new multifamily developments, and the $111 Million development of the Georgia Cyber Center. This property is located in an Opportunity Zone and is eligible for Federal and State Historic Tax incentives.The Finem Group at Meybohm Commercial is proud to present this Historic Downtown Storefront for Sale in Augusta, Georgia. Built in 1911 and located in the Augusta Downtown Historic District, this three-story Broad street building with over 20,000 sq ft of space has been family occupied and owned since the 1930’s and now available for sale. Commonly referred to as the Daitch Building, the first floor offers 8,664 square feet of retail space that is currently divided into a retail/showroom space in the front with offices, restrooms and prime access for visitors and shoppers on the prime 1200 block of Broad Street and has a warehouse space in back. The second floor is 8,664 sq ft, and currently used for storage. The third floor is a 3,150 square foot historic shell, ready for renovation, with the original historic elements such as mantles and pocket doors intact. This building has been well cared for and offers unique features like a loading dock with a rollup door in a gated rear loading zone. Recent updates in the past two years have been to the roof that was TPO coated and sealed ($88K) and the sprinklers on all three floors have had all the valves and heads replaced bringing it up to code for the next 50 years. Utilities and plumbing have been updated with the front retail space featuring 2 Rheem 5ton heating and air systems and there is a new 6 ton unit ready to be installed in the warehouse. The building also features a working freight elevator and a fully monitored security and fire system in addition to great historic character throughout like heart pine floors, large windows with a great view onto Broad Street and more. This building qualifies for Historic Tax Credits & Opportunity Zone programs which allows for potential residential and office developments. The third floors feature original fireplaces, pocket doors and heart pine floors that have all been preserved and are waiting to be restored. There is an extra lot available in the rear of the property that is not included in the sale).This property is located on the 12th Block of Broad Street in Downtown Augusta, GA. The property is located in the heart the Historic Downtown Restaurant and Entertainment District. The 1200 block of Broad is located directly between major new developments including three new multifamily developments, and the $111 Million development of the Georgia Cyber Center. This property is located in an Opportunity Zone and is eligible for Federal and State Historic Tax incentives.

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Highlights

  • LIST PRICE: $1,550,000
  • VALUE-ADD: This property offers a wide range of value-add potential with 3 stories and over 20K SF of space. With the bottom floor retail space and the other two stories of shell space, with some renovations, an investor could potentially achieve a fully leased-out building.
  • RETAIL SPACE FOR LEASE: The owner currently operates their business out of the bottom floor and upon closing would vacate leaving the potential for an owner to operate their own business out of the bottom floor or to lease out the space to a retailer.
  • RECENT UPGRADES: The property features some major recent upgrades including the roof being TPO coated and sealed ($88K) and the sprinklers on all three floors have had the valves and heads replaced potentially bringing the building up to code.
  • HISTORIC TAX CREDITS AND OPPORTUNITY ZONE: The building’s renovations could potentially qualify for historic tax credits and the property falls within an opportunity zone which could help save money and increase returns.

Attachments

Getting around

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Location

  • City Augusta, GA
  • Neighborhood Downtown Augusta
  • Zip Code 30901
  • Market Augusta

Points of Interest

  • Shell

    1.19 miles

  • Phillips 66

    2.17 miles

  • Shopper's Stop

    2.45 miles

  • Shell

    3.32 miles

  • Bryants Express

    3.91 miles

  • Costco Gasoline

    4.22 miles

  • Circle K

    4.53 miles

  • CK

    4.73 miles

  • BP

    4.83 miles

  • Tesla Supercharger

    4.85 miles

  • Reynolds Street Parking Deck

    0.33 miles

  • Mill Village Trailhead

    1.44 miles

  • 109

    2.64 miles

  • 110

    2.66 miles

  • 108

    2.67 miles

  • 103

    2.68 miles

  • 111

    2.70 miles

  • 102

    2.73 miles

  • 104

    2.74 miles

  • 106

    2.74 miles

  • Bee's Knees

    0.21 miles

  • Rooster's Beak

    0.21 miles

  • Blue Sky Kitchen

    0.22 miles

  • Quiznos

    0.40 miles

  • Bojangles'

    0.68 miles

  • McDonald's

    0.76 miles

  • Pizza Hut

    0.82 miles

  • Firehouse Subs

    0.90 miles

  • Wendy's

    1.03 miles

  • Popeyes

    1.05 miles

  • Bi-Lo

    3.69 miles

  • Lidl

    3.87 miles

  • Publix

    3.95 miles

  • Kroger

    4.01 miles

  • Walmart Supercenter

    5.64 miles

  • Food Lion

    5.69 miles

  • Dillard's

    6.10 miles

  • Sears

    6.17 miles

  • JCPenney

    6.25 miles

  • Walmart Supercenter

    6.36 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Jonathan Aceves, CCIM, MBA

Meybohm Commercial Properties