Commercial Property For Sale

Augusta Highway, Augusta, GA

$6,900,000

Price

26.5%

Cap Rate

$1,828,332

NOI

Overview
Cap Rate
26.5%
NOI
$1,828,332
Pro Forma Cap Rate
12.62%
Lot Area
2.44 acres
Keys
101
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
Title
Offering Memorandum
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Location
Gallery