±5,978 Square Feet Downtown Investment

For Sale

602 3rd Street, Augusta, GA 30901

This Augusta property for sale is located at 602 3rd Street. The current listed sale price for ±5,978 Square Feet Downtown Investment is $1,000,000.

Contacts

broker
Danielle Meikrantz

Meybohm Commercial Properties

Property Details

  • Property Type Multi-Family
  • Property Size 5,978 SF
  • Units 8
  • Date Updated Feb 28, 2025
Located in the heart of Downtown Augusta, this prime location offers seamless connectivity to North Augusta and the CSRA, with quick access to Washington Road, Riverwatch Parkway, and 13th Street. Downtown is experiencing significant revitalization, with new developments like The Augustan, The Row, The Lenox, and ATC Development’s 130-unit apartments adding modern living spaces. The historic Sibley and King Mills are also being repurposed into a dynamic mixed-use innovation district. With its blend of historic charm, accessibility, and ongoing growth, this location is an ideal setting for businesses and residents looking to be part of Augusta’s future.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.
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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

Getting around

  • 51/100

    Walk Score ®

  • 52/100

    Bike Score ®

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Location

  • City Augusta, GA
  • Neighborhood Old Town Augusta
  • Zip Code 30901
  • Market Augusta

Points of Interest

  • Bodie's

    1.35 miles

  • Circle K

    1.80 miles

  • Shell

    2.10 miles

  • Phillips 66

    2.63 miles

  • Shopper's Stop

    3.08 miles

  • Bryants Express

    5.05 miles

  • CK

    5.15 miles

  • Kroger

    5.20 miles

  • Tesla Supercharger

    6.08 miles

  • ChargePoint

    8.38 miles

  • Nathan Deal Campus Parking

    1.20 miles

  • Parking #61

    1.63 miles

  • Richard Algernon Dent Boulevard Parking Deck (CT)

    1.80 miles

  • Goss Lane Parking Deck (CP)- Parking #04

    1.99 miles

  • Parking #35

    2.12 miles

  • Parking #69

    2.23 miles

  • Mill Village Trailhead

    2.68 miles

  • 109

    3.67 miles

  • 110

    3.69 miles

  • 108

    3.71 miles

  • Queen Anne Inn

    0.23 miles

  • Holiday Inn Express

    0.39 miles

  • Augusta Budget Inn

    0.43 miles

  • America's Best Inn & Suites

    0.51 miles

  • Ramada Augusta Downtown Hotel & Conference Center

    0.61 miles

  • Augusta Marriott at the Convention Center

    1.02 miles

  • Executive Inn & Suites, Augusta

    1.13 miles

  • Hyatt House Augusta / Downtown

    1.30 miles

  • Crowne Plaza North Augusta

    1.71 miles

  • Quality Inn

    1.72 miles

  • Thriftee's Supermarket

    0.82 miles

  • Food Lion

    4.67 miles

  • The Fresh Market

    4.82 miles

  • National Hills Shopping Center

    4.83 miles

  • Lidl

    5.10 miles

  • Publix

    5.18 miles

  • Kroger

    5.24 miles

  • Radha Asian Indian Grocers

    6.40 miles

  • Walmart Supercenter

    6.59 miles

  • TJ Maxx

    6.92 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Danielle Meikrantz

Meybohm Commercial Properties

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