Description

The Finem Group at Meybohm Commercial is proud to exclusively present this prime downtown Augusta investment opportunity. This ±9,072-square-foot mixed-use building, located off Tenth Street, features two restaurant spaces on the ground floor and three apartment units upstairs. Both the restaurant and residential spaces are in excellent condition, with recent improvements including a roof replacement (2018), three new AC units for the lofts, 35 exterior windows replaced (2019), and a fresh exterior paint job (2021). The property offers immediate cash flow through existing leases. One restaurant space benefits from a new 5-year NNN lease with 4% annual increases, while the second restaurant space has 1.5 years remaining on its lease with 5% annual increases. Two of the apartment units are fully furnished—one used as an Airbnb and the other leased to a tenant—while the third unit is also leased to a tenant. The seller currently maintains active lease-to-own agreements for restaurant equipment with two tenants, which the buyer may opt to assume. Strategically located on the 10th Block of Downtown Augusta, the property sits at one of the city’s premier and most trafficked intersections. It is across the street from popular local dining destinations, Taco Cat and Pho Romen, and surrounded by numerous restaurants along Broad Street, making it part of a highly sought-after culinary corridor with strong foot traffic and long-term demand. Additionally, the building is in close proximity to Augusta’s Medical District—including Piedmont Hospital, the VA, Children’s Hospital, AU Hospital, and the Medical College of Georgia—as well as the Georgia Cyber Center and Augusta University. The nearby colleges and medical facilities contribute to strong demand for quality residential units, making this property an attractive investment for those seeking immediate income and long-term appreciation in a thriving downtown location.