448 Telfair StAugusta, GA 30901

Property Details for 448 Telfair St

Year built

1891

Lot size

0.15 AC

Property size (Sq ft)

3,800 SF

Zone code

B-2

Property type

Commercial land

APN

047-4-160-00-0

APU

474160000

Description

This stunning, fully leased, 3,800 square foot executive office building presents a rare investment opportunity in the heart of Augusta, Georgia. Located at 448 Telfair Street, near the intersection of 5th and Telfair, this Class B property boasts a strong 6.42% cap rate and a substantial net operating income (NOI) of $28,883. The building, constructed in 1891, features two stories, each approximately 1,900 square feet. The ground floor offers a welcoming reception area, three private offices, a convenient kitchen, a bathroom, and a storage closet. The upper level provides six additional offices and two bathrooms. This single-tenant, net lease property is currently 100% occupied, offering immediate cash flow and a stable investment. The 0.15-acre lot provides ample space. The asking price is $450,000, translating to $118.42 per square foot. This is an exceptional opportunity to acquire a historically significant, high-performing commercial property in a thriving downtown Augusta location. The property's strong tenancy and central location make it an ideal investment for discerning buyers seeking a stable, income-generating asset.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,281,040

  Retail / Commercial

  $636,557

  Mixed-Use / Specialty

  $618,248

  Hospitality / Lodging

  $432,706

  Office

  $597,868

  Institutional / Educational

  $636,996

  Residential Income

  $745,285

  Multifamily

  $982,777

  Automotive / Energy

  $545,997

  Parking / Income-Based Land

  $204,264

  Restaurant / Food Service

  $287,324

  Healthcare / Senior Housing

  $650,450

Location Insight

City

Augusta

County

Richmond

State

Georgia

Latitude

33.4694

Longitude

-81.9599

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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