For Sale
$1,086,000

3106 Wrightsboro Rd Augusta, GA 30909

High-traffic Augusta location, 8 units, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional Augusta, GA commercial property presents a lucrative investment opportunity. Comprising two buildings totaling 6,513 square feet on a 41,000 square foot lot, this mixed-use property boasts 8 units currently enjoying 100% occupancy with nine tenants. Built in 1981 and 1984, the two-story buildings offer versatile space suitable for various business types, including medical offices, traditional offices, and retail. The property features 29 parking spaces and benefits from a high-traffic location on Wrightsboro Road in Richmond County, providing excellent visibility and accessibility. The current Net Operating Income (NOI) stands at $64,552, yielding a 5.94% cap rate. Recent improvements include updated HVAC systems, fresh paint, and energy-efficient LED lighting throughout. The property is zoned for commercial business and includes a large billboard. Long-term leases are in place, ensuring consistent income. The asking price is $1,086,000, translating to $166.74 per square foot. This property is ideally suited for investors seeking a strong return on investment in a prime Augusta location. The sale may be structured as a 1031 exchange.

Highlights

  • 1031 exchange allowed; buyer to cooperate with seller and assigned intermediary (Ben McElrath, [email protected]). Seller pays all additional 1031 exchange costs. Seller remains fully obligated under the purchase agreement.
  • Agent is related to the seller.

Property Details for 3106 Wrightsboro Rd

Property type
Lifestyle centers, Power centers
Square Feet
6,513 SF
Buildings
2
Stories
2
Units
8

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.470363521035
Longitude
-82.049895002968

FAQs

What type of property is this?
Lifestyle center - High-traffic Augusta location, 8 units, 100% occupied
Where is the lifestyle center located?
The property is located at 3106 Wrightsboro Rd Augusta, GA.
What is the asking price?
The asking price for this property is $1,086,000.
What are key features of this property?
This property features: 1031 exchange allowed; buyer to cooperate with seller and assigned intermediary (Ben McElrath, [email protected]). Seller pays all additional 1031 exchange costs. Seller remains fully obligated under the purchase agreement.; Agent is related to the seller.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3106 Wrightsboro Rd
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