For Sale
$1,550,000

1216 Broad St Augusta, GA 30901

Downtown Augusta retail gem, 20,000+ sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
138
This stunning three-story, 20,478 square foot storefront, known as The Daitch Building, is located at 1216 Broad Street in Augusta, Georgia's vibrant downtown historic district. Built in 1911 and renovated in 1960, this single-tenancy property sits on a 0.24-acre lot (APN: 037-3-273-00-0) and is zoned B-2. The first floor boasts 8,664 square feet of retail space, currently configured as a showroom with offices and restrooms, plus a rear warehouse. The second floor offers an additional 8,664 square feet of storage space. The third floor comprises 3,150 square feet of historic shell space, featuring original fireplaces, pocket doors, and heart pine floors, ready for renovation. Recent improvements include an $88,000 TPO roof coating and seal, and fully updated sprinkler systems. The building also includes a freight elevator, a monitored security and fire system, two 5-ton Rheem HVAC units in the retail space, and a new 6-ton unit ready for installation in the warehouse. The property benefits from a gated rear loading zone with a roll-up door. This exceptional property is eligible for Historic Tax Credits and Opportunity Zone programs, presenting significant value-add potential for residential or office development. The current owner is willing to lease back the space for a period of time. The asking price is $1,550,000 ($75.69/sq ft).

Highlights

  • Value-add opportunity: Three-story, 20,478 SF building with significant potential for lease-up.
  • Ground floor retail space available for lease; owner will vacate upon sale.
  • Recent upgrades include an $88,000 TPO roof and sprinkler system improvements.
  • Eligible for Historic Tax Credits and Opportunity Zone benefits.
  • Prime downtown Augusta location in a high-demand area.

Property Details for 1216 Broad St

Property type
Retail properties, Retail space
Square Feet
20,478 SF
Year Built/Renovated
1911/1960
Buildings
1
Stories
3
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.477862918803
Longitude
-81.973340058241

FAQs

What type of property is this?
Retail property - Downtown Augusta retail gem, 20,000+ sq ft.
Where is the retail property located?
The property is located at 1216 Broad St Augusta, GA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Value-add opportunity: Three-story, 20,478 SF building with significant potential for lease-up.; Ground floor retail space available for lease; owner will vacate upon sale.; Recent upgrades include an $88,000 TPO roof and sprinkler system improvements.
How can I contact the broker?
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1216 Broad St
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