1602 Central AveAugusta, GA 30904

Property Details for 1602 Central Ave

Year built

1969

Lot size

0.19 AC

Property size (Sq ft)

1,600 SF

Zone code

P-1

Property type

Commercial land

APN

045-4-109-00-0

APU

454109000

Description

This exceptional five-unit apartment building, located at 1602 Central Avenue in Augusta, Georgia, presents a compelling investment opportunity. Situated on a prominent corner lot near the medical district, Payne College, and Druid Park, this property offers immediate cash flow with all units currently occupied. Built in 1969, this two-story, Class C building comprises 1,600 square feet (buyer to verify), offering a solid foundation for a strong return on investment. The property's convenient location within the thriving Augusta area ensures consistent tenant demand. This is an ideal entry point for first-time multifamily investors seeking a stable and profitable venture. The asking price is $459,000. Public records indicate a building size of 1,600 square feet

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $539,386

  Retail / Commercial

  $268,024

  Mixed-Use / Specialty

  $260,315

  Hospitality / Lodging

  $182,192

  Office

  $251,734

  Institutional / Educational

  $268,209

  Residential Income

  $313,804

  Multifamily

  $413,801

  Automotive / Energy

  $229,893

  Parking / Income-Based Land

  $86,005.80

  Restaurant / Food Service

  $120,978

  Healthcare / Senior Housing

  $273,874

Location Insight

City

Augusta

County

Richmond

State

Georgia

Latitude

33.4678

Longitude

-81.9969

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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