For Sale
$175,000

900 Baker AveAugusta, GA 30904

High-yield retail property, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 1,287 square foot storefront located at 900 Baker Ave. and 929 Murphy Street in Augusta, Georgia. Currently leased to a hair salon at 100% occupancy, this single-tenant, Class B retail property offers a strong cash flow with a 7.0% capitalization rate. The asking price is $175,000, translating to $135.98 per square foot. The property features a net rentable area of 1,287 square feet, situated on a 0.275-acre lot. The building is a two-story structure, with a permitted B-2 zoning classification. The property's legal description includes APN numbers 045-1-071-00-0 & 035-3-471-00-0. This is a NNN lease, minimizing landlord responsibilities. This represents a compelling investment opportunity in a thriving Augusta location. The property's strong tenant and high occupancy rate make it an attractive addition to any commercial real estate portfolio. This is a single-unit building in Richmond County, Georgia, with a 30904 zip code.

Highlights

  • 7% projected capitalization rate.
  • High-traffic location with excellent visibility.
  • Strong tenant roster with long-term leases.
  • Significant upside potential through lease renewals and rent increases.
  • Modern building with recent renovations.
  • Well-maintained property in excellent condition.

Property Details for 900 Baker Ave

Property type
Retail properties, Retail space
Square Feet
1,287 SF
Class
B
Buildings
1
Stories
2
Lot Size (sq. ft)
11,979 SF
Units
1

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.475139670492
Longitude
-82.002304933775
900 Baker Ave, Augusta, Georgia

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900 Baker Ave
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