Two ±2,700 SF Flex Buildings

Highlights:

• LIST PRICE: $650,000
• UNDER MARKET RENTS: Considering the central location and accessibility to the greater region, the great visibility, and the configuration/size of the spaces, the current rents are clearly under the market rate. Given the historic level demand for similar space in the area, buyer would have a clear path for improving NOI day 1.
• PERFECT FOR OWNER/USER: Given the flexibility with the current tenants, an owner/user in need of space for a small business with a long-term potential for expansion, could utilize one building for their business, and maintain a tenant in the other until a time when additional space was needed.
• GREAT ACCESS TO I-20 AND VISIBILITY: This property sits at one of the most critical crossroads of the entire region with great visibility and access to Riverwatch Pkwy at its intersection with Interstate 20. Able to reach almost in part of the MSA within a 20-minute drive.
• VALUE-ADD INDUSTRIAL SPACE: An investor with a vision could expect to come in and increase NOI with a few small cosmetic changes and by procuring new tenants. The demand for similar spaces in the MSA is incredibly high, meaning leverage related to rates and terms would decidedly favor the landlord, and general tenant availability would be high.
• PROXIMITY TO INTERSTATE: For businesses that typically occupy spaces similar to this, access to the greater region is crucial. The ability to quickly access I-20 from a location so central to the MSA provides a significant advantage to this space over other competing spaces.

Description:

The Finem Group at Meybohm Commercial is proud to exclusively present these two ±2,700 SF industrial flex buildings for sale or lease in Augusta, GA. Located on Riverwatch Pkwy (one of Augusta's main thoroughfares) in close proximity to I-20, these two properties represent a great value-add opportunity in one of the most central locations in the area. Flexibility with current tenants would allow for a unique opportunity for gradual value-add. Additionally, for an owner-user buyer, there exists the potential for occupancy of one building with a future option to expand into the other building as needed.

The property features two, ±2,700 SF industrial metal buildings currently occupied by short-term tenants. Each building features one roll-up door in the rear and one main glass door in the front of the building. Both buildings are in good condition. The property is currently zoned C-3 and is located off of Riverwatch Parkway which has a daily traffic of 30,100 VPD. Additionally, it is located right off the I-20 exit with visibility to over 59,400 VPD.

This property is located in Augusta, GA (Richmond County) on Riverwatch Lane and faces Riverwatch Pkwy (30,100 VPD). It is located right off the last I-20 exit before going into South Carolina with over 59,000 vehicles daily passing this exit. It is located adjacent to Weinberger's Furniture and is only 0.8 miles from the brand-new Village at Riverwatch which consists of Costco, Top Golf, Dave and Busters, brand-new apartments, and more.

Augusta, GA is the home of the Augusta National which is the world's most prestigious golf tournament. It is also the home of Augusta University, Fort Eisenhower (formerly Fort Gordon), Multiple Hospitals, and the Cyber Center.

Riverwatch Pkwy and Washington Rd represent the two primary arteries connecting downtown Augusta (Richmond County) to the nearby more suburban areas of Martinez and Evans (Columbia County). This property resides at the main crossroads of the entire MSA. With I-20 running through Augusta, the city is just 2 hours from Atlanta and 1 hour from Columbia, both being the capitals of their respective states.

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