Investment opportunity in South Augusta with this 6,000 sf strip center. Building is comprised of three units. All units are currently leased with the largest unit being used as a grocery store and the other two being leased to someone for storage use. Leases are short term and substantially below market rents. New owner needs to re-tenant or increase rents on existing tenants to achieve market rents/cash flow. Site has 1.4 acres and a large parking lot. The back portion of the property is fully fenced in. All rents are below market, providing upside for investor.
Located on Barton Chapel Rd just off of Deans Bridge Rd. Minutes from Deans Bridge Walmart Supercenter as well as I-520. Site is centrally located in Augusta placing it a short drive from the Augusta Exchange, Washington Crossing, and Perimeter Square, and Downtown Augusta.
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.