For Sale
$1,400,000

1886 Gordon HwyAugusta, GA 30904

High-yield warehouse, ideal for redevelopment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 31,192 square foot warehouse, located at 1886 Gordon Hwy, Augusta, GA 30904, presents a compelling investment opportunity. Boasting a 7.74% cap rate and a strong net operating income (NOI) of $133,471, this property offers significant potential for return. Built in 1969 and renovated in 1980, the building features 18.83' ceiling heights and sits on a 5.58-acre lot zoned B-2. Currently housing Chastain Towing, Rainbow Homes, and a long-term solar lease from Georgia Power, the property benefits from existing cash flow streams. Its prime location on Gordon Highway, within a designated Hub Zone, and near other auto dealerships, makes it particularly well-suited for redevelopment as a retail auto sales and service center. The property includes a secure gated and fenced area, along with warehouse space suitable for service and parts storage. The existing retail showroom could easily be converted into a turnkey dealership. This is a rare chance to acquire a substantial property in a high-demand location with excellent potential for future growth and profitability. The property's history includes use as a former Augusta Dodge dealership.

Highlights

  • Property located in a designated Hub Zone.
  • Prime location in a retail auto destination area.
  • High-traffic Gordon Highway frontage.
  • Existing retail showroom adaptable for a turnkey dealership.
  • Secure gated and fenced yard.
  • Warehouse space ideal for service and parts storage.

Property Details for 1886 Gordon Hwy

Property type
Warehouses, Retail properties
Square Feet
31,192 SF
Year Built/Renovated
1969/1980
Lot Size (sq. ft)
243,065 SF

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.4508625
Longitude
-82.0430123
1886 Gordon Hwy, Augusta, Georgia

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1886 Gordon Hwy
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