2325 Milledgeville Rd - Office FOR SALE


Augusta, GA 30904- Albion Acres
$399,000 USD
706-627-2789
2325 Milledgeville Rd, Augusta, GA for Sale
$399,000 USD
Office - FOR SALE
1/16
null | 9.44% Cap Rate

2325 Milledgeville Rd
Augusta, GA 30904
Albion Acres


OVERVIEW

This mixed-use property features 3 units. One unit is a warehouse in the rear which is in very high demand in the area. The warehouse has a long-term tenant in place which just signed a new multi-year lease. The front building has a new salon that just signed a 2-year lease. Building has had lots of improvements. The middle space is a parking area that leased to a large medical group that has locations nationwide. That user purchased the building next door in 2022 for $850,000. The medical group is putting substantial renovation into the building. That site has very limited parking necessitating the parking lot lease at 2325 Milledgeville. That lease is for 10 years and has renewal options. Rental rates on the warehouse and salon are below market. Located on Milledgeville Road in Augusta, this mixed-use property is nearby many major thoroughfares in Richmond County including Deans Bridge Road, Gordon Highway, and Wrightsboro Road. The area is mostly industrial and commercial with multiple garages and warehouses in the surrounding area. A substantial renovation is taking place next door to provide a medical facility to the residents in the area.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

9.44%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

Light Industrial

APN/PARCEL ID

0712286000

ASK ABOUT THIS PROPERTY

Joe Edge, SIOR, CCIMSherman & Hemstreet Real Estate CompanyMore Info
706-627-2789

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Joe Edge, SIOR, CCIMSherman & Hemstreet Real Estate CompanyMore Info
706-627-2789

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.