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“...Meybohm Commercial understood exactly what our brand needs - traffic drivers, co-tenancy, visibility, and they delivered, landing us in one of Augusta's strongest retail corridors. Brian and Charlie were responsive, knew the market cold, and got us the right terms. We're already planning our next location with them.”

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602 3rd Street

Augusta, GA, 30901

$1,000,000

Sale Price

For Sale

Property Details

Sale Price.$1,000,000

Property Type.Multifamily

Building Size5,978 SF

Highlights

Sale Price: $1,000,000
Price/SF: $167
Office Spaces: 3 Office Units
Single Family: 1 Single Family Home
Apartments: 4 (1 Bed/1 Bath)
Pro Forma Cap Rate: 8.77%
Pro Forma NOI: $87,711
Condition: Newly Renovated Interior
3 Mile Population: 32,079
3 Mile Median Household Income: $35,216

Property Description

The Finem Group at Meybohm Commercial is pleased to present this exceptional mixed-use property in Augusta’s Historic Olde Town district. Located at 602 Third Street, this unique investment opportunity features two buildings totaling ±5,978 square feet, offering a mix of commercial and residential income potential. This property consists of four apartment units, three office units, and a single-family home, providing diverse revenue streams. With a current vacancy, investors have the opportunity to capitalize on the value-add potential, maximizing returns by leasing the available space or repositioning the asset to meet market demand. Situated at the corner of Walker Street and Third Street—directly across from the historic Thankful Baptist Church—this 1911-built property blends historic charm with modern functionality. The three street-facing commercial spaces boast dedicated entrances, enhancing accessibility and visibility for businesses, while the residential units offer separate access for tenants. Ample street parking ensures convenience for both customers and residents, and the property’s separately metered utilities and shared water system provide operational efficiency. A shared laundry facility adds further tenant appeal. Positioned in a growing area of Augusta, 602 Third Street presents a rare opportunity for investors seeking a blend of historic character and strong income potential.