Laney Walker - Augusta, GA Office For Sale
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Asking Price
Downtown Class A Office Bldg
925 Laney Walker Blvd
Laney Walker, Augusta, GA
Lot Size:0.75Acres
Building is in federal tax incentive opportunity zone in downtown Augusta, GA on Laney Walker Blvd. Directly across from the Richmond County Health Dept between RA Dent Blvd. and James Brown Blvd. Less than a half mile to the Downtown Medical District, the Judicial Center/Courthouse. Convenient access to Walton Way, Gordon Hwy, Calhoun Exp, Riverwatch Pkwy, I-20 and I-520. This 16,095 square foot Class A office building is ideal for an owner occupant who would like to use the rental income to cover the operating cost and mortgage for the building. Each floor is 5,365 square feet with their own bathrooms and conference rooms on each floor. Price recently reduced by $200,000. The building was previously occupied by the city of Augusta’s law department (2nd floor), water department (1st floor) and the housing and community development (HCD) offices (3rd floor). Currently the owner of the building is seeking to sell or lease the building, although a sale is preferred. The space is laid out ideally for owner occupant that needs a space with a large number of individual offices verses an open floorplan concept. The second floor was recently vacated and laid out with 19 individual offices and one large conference room. Both the first and third floors have current tenants occupying approximately 50% of the rentable space. The current income being produced is just over $80,000 with the potential to generate roughly $152,000 between the 1st and 3rd floors. The ideal scenario is for a user to occupy the second floor while using the first and third floors rental income to cover the expenses and mortgage for the entire building effectively making it very low cost or free to the end user. When the building was fully occupied expenses ran between $75,000 and $85,000 per year. The third floor consists of 17 individual offices, 1 common workspace and a large conference room. Individual office should rent for $400 to $500 per month. Current income is $3,445 per month with 9 offices vacant. The first floor currently has 3 tenants occupying 8 offices and a common workspace area. One customer service-oriented space is vacant. Current income is $3,265 per month. The second floor contains 19 private offices and one large conference room and was previously rented for $18 per SF per year full service. The market has softened some and current asking rent is $14.95 which would yield $6,683 per month. Building has an elevator and all mechanical systems are in tip top condition. Price recently reduced by $200,000. Building has an elevator and all mechanical systems are in tip top condition. The current income being produced is just over $80,000 with the potential to generate roughly $152,000 between the 1st and 3rd floors. The ideal scenario is for a user to occupy the second floor while using the first and third floors rental income to cover the expenses and mortgage for the entire building effectively making it very low cost or free to the end user. When the building was fully occupied expenses ran between $75,000 and $85,000 per year.
$1,388,000
1111 Florence St
Laney Walker, Augusta, GA
Lot Size:0.37Acres
Commercial property featuring two buildings totaling 3445 square-foot on a 0.37 acre corner lot. GREAT LOCATION CAN CAN BE USED AS Church, Garage, Office, Personal, Auto, Retail, Showroom, Service Center, Truck Garage, Wholesale. features opens spaces and some high ceilings SOLD AS IS, WHERE IS, NO REPAIRS
Directions: 15th street to right on Laney Walker Blvd, right on 12th street, left on Florence Street the house is on the right.
$130,000
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Market Stats
Laney Walker has 13 commercial real estate spaces for lease, representing 90,289 sqft space.
11 buildings are available for sale.
In the past 30 days, Laney Walker has had 11 spaces leased.
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