305 Eighth St., Augusta, GA, 30901

305 Eighth St. Augusta, GA 30901

305 Eighth St., Augusta, GA, 30901
305 Eighth St., Augusta, GA, 30901
FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$990,000
Last Verified:
Apr 21, 2021

Highlights


Description

Meybohm Commercial is pleased to present this 23,664 SF property located on Eight St. in Augusta, GA. Ideal for Retail/apartments, this building is located directly behind the Woolworth’s building. Currently containing two 3,912 SF storefronts, “Afficionados” and “Humanitree House”, this property is ideal for historic tax credit renovation, and conversion into apartments or office space. The Board of Education Parking deck is public from 5pm-8am daily, and provides parking for the businesses on this corridor.
The property has heart pine floors throughout, pitched and recently recoated roofs, masonry exterior, tongue-and-groove ceilings, a recently installed-but-not-connected fire sprinkler system, a freight elevator, and access to a 10' rear alley that provides access to rear of building.

Meybohm Commercial is pleased to present this 3,912 SF lease opportunity on Eight St. in Augusta, GA. The buildings served as a Carriage and Harness fabricating facility in the 1880's, next door to a grocery store. This building is located directly behind the Woolworth’s building. The property has heart pine floors throughout, pitched and recently recoated roofs, masonry exterior, tongue-and-groove ceilings, a recently installed-but-not-connected fire sprinkler system, a freight elevator, and access to a 10' rear alley that provides access to rear of building. Half of the second floor and all of the second has been gutted. Amazing historic property.

Located in the epicenter of growth at Eight St. between Broad and Green Streets near the Augusta Commons. The Augusta Commons are one of Augusta's main locales for festivals and events such as Arts in the Heart, Westoubou Art Festival, and the Hispanic Festival The 800 block of broad is located directly between major new developments including the $94 million dollar redevelopment of the Augusta Railroad Depot, and the $111 Million development of the Georgia Cyber Center. This property is located in an Opportunity Zone and eligible for special tax incentives.


Year Built: 1901
Building Size: 23664sq ft
Lot Size: 0.18 acres

Units for Lease

1
Space Available: 3912 SF
Lease Type: Modified Gross

Price Per Sqft/Year: $12.0

Map of 305 Eighth St., Augusta, GA, 30901

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.