Commercial Property For Sale
Augusta Highway, Augusta, GA
$6,900,000
Price
26.5%
Cap Rate
$1,828,332
NOI
Overview
Description
This Property is a C4 Indoor Commercial Property that Generates 6 types of Incomes. It is a 2.44 Acre Plot that consists of 4 buildings and 2 Manager Apartments. Building A consist of 57 Active Renovated Rooms, A Operational Grocery Store and I Managers Apartment. Building B consist of a 6,000 Sqft Restaurant 6 Lounge (currently leased). Building C Consist of a 3 Room Tattoo Shop, Sales Area, and Laundromat for Public. (Currently under contract to lease) Building D es a Separate Building consisting of 42 Rooms and a Manage?. Apartment, which can be easily separated into another Motel or as Efficiency Apartments. This Building is Currently Closed for Renovations however all Utilities are Working. Last but not least, there are 2 Storage Sheds with Full Motel Inventory. holding a 2 year supply.
PROPERTY SPECIFICATION:
Parking Lots
101 Bedrooms
101 Bathrooms
1 Restaurant & Lounge
Highlights
- 58 Active Ronovotod Rooms
- 43 Inactive Rooms
- Operatonol Grocery Store
- 6000 sqtt Restaurant and lounge
- 2.44 Acro Plot
- Laundrament and Business Shop
Documents
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Offering Memorandum
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