Historic 20K SF Downtown Augusta (GA) Building | 1216 Broad St.

1216 Broad Street Augusta, GA 30901

1216 Broad Street, Augusta, GA, 30901
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FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$1,550,000
Last Verified:
Feb 12, 2024

Highlights


Description

The Finem Group at Meybohm Commercial is proud to present this Historic Downtown Storefront for Sale in Augusta, Georgia.

Built in 1911 and located in the Augusta Downtown Historic District, this three-story Broad street building with over 20,000 sq ft of space has been family occupied and owned since the 1930’s and now available for sale. Commonly referred to as the Daitch Building, the first floor offers 8,664 square feet of retail space that is currently divided into a retail/showroom space in the front with offices, restrooms and prime access for visitors and shoppers on the prime 1200 block of Broad Street and has a warehouse space in back. The second floor is 8,664 sq ft, and currently used for storage. The third floor is a 3,150 square foot historic shell, ready for renovation, with the original historic elements such as mantles and pocket doors intact.

This building has been well cared for and offers unique features like a loading dock with a rollup door in a gated rear loading zone. Recent updates in the past two years have been to the roof that was TPO coated and sealed ($88K) and the sprinklers on all three floors have had all the valves and heads replaced bringing it up to code for the next 50 years.

Utilities and plumbing have been updated with the front retail space featuring 2 Rheem 5ton heating and air systems and there is a new 6 ton unit ready to be installed in the warehouse. The building also features a working freight elevator and a fully monitored security and fire system in addition to great historic character throughout like heart pine floors, large windows with a great view onto Broad Street and more.

This building qualifies for Historic Tax Credits & Opportunity Zone programs which allows for potential residential and office developments. The third floors feature original fireplaces, pocket doors and heart pine floors that have all been preserved and are waiting to be restored. There is an extra lot available in the rear of the property that is not included in the sale).

This property is located on the 12th Block of Broad Street in Downtown Augusta, GA.

The property is located in the heart the Historic Downtown Restaurant and Entertainment District. The 1200 block of Broad is located directly between major new developments including three new multifamily developments, and the $111 Million development of the Georgia Cyber Center. This property is located in an Opportunity Zone and is eligible for Federal and State Historic Tax incentives.

This property is located on the 12th Block of Broad Street in Downtown Augusta, GA.

The property is located in the heart the Historic Downtown Restaurant and Entertainment District. The 1200 block of Broad is located directly between major new developments including three new multifamily developments, and the $111 Million development of the Georgia Cyber Center. This property is located in an Opportunity Zone and is eligible for Federal and State Historic Tax incentives.


Year Built: 1911
Building Size: 20478sq ft
Lot Size: 0.24 acres


Documents

Commercial_Area_Guide.pdf
Lease Brochure 1216 Broad St
1216 Broad Street OM.pdf
Daitch_Building_Map.pdf
Deed.pdf

Units for Lease

20K SF Downtown Augusta Retail/Office | 1216 Broad Street
Space Available: 20000 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $7.20

Map of 1216 Broad Street, 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:

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  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.