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Description

The Finem Group at Meybohm Commercial proudly presents an exceptional mixed-use investment opportunity in Augusta’s Historic Olde Town district at 602 Third Street. This ±5,978-square-foot property includes two buildings featuring four apartment units, three office suites, and a single-family home, offering multiple income streams and value-add potential through lease-up or repositioning. Built in 1911, the property combines historic charm with modern utility, offering street-facing commercial spaces with dedicated entrances and separate access for residential tenants. Convenient street parking, separately metered utilities, and a shared laundry facility enhance tenant appeal and operational efficiency. Located at the corner of Walker and Third Streets, across from the historic Thankful Baptist Church, the site is positioned in a revitalizing downtown area with easy access to Washington Road, Riverwatch Parkway, and 13th Street. Surrounded by new developments such as The Augustan, The Row, The Lenox, and the adaptive reuse of Sibley and King Mills, this property offers a rare opportunity to invest in a growing urban neighborhood that seamlessly blends Augusta’s historic character with modern vibrancy.

Listing Details

  • Cap Rate

    8.77%

  • Space Type

    multifamily

  • Sub Category

    apartments-building

  • Date Listed

    10/21/2025

  • Investment Type

    Owner User

  • Net Operating Income

    $87,711

Property Specifics

  • Property Name

    602 3rd St

  • No of Buildings

    2

  • No of Stories

    2

  • No of Units

    8

  • Year Built

    1911

  • Building Size

    5,978 SF

  • Lot Size

    0.17 AC

  • APN

    0474350010

Property Amenities

Unit Amenities

Air Conditioning
Natural Light

Location Amenities

Airport
Commuter Rail
Public Transportation