Office to Multifamily Conversion Opportunity

Introducing a unique opportunity for investors and developers seeking to capitalize on the thriving real estate market of downtown Augusta, Georgia. This office to multifamily conversion opportunity offers a total of 46,938 square feet of gross building area, with 39,835 net rentable square feet spread across four stories.

The first two floors are currently office space, catering to businesses seeking a prime downtown location. This allows for the opportunity to reposition these floors into desirable multifamily units or mixed-use, capitalizing on the growing demand for urban living spaces.

The third and fourth floors present an open shell ready for multifamily redevelopment, offering a blank canvas for creative design and layout possibilities. With a total of 121 parking spaces available on-site, supplemented by an additional 31 spaces on an adjacent lot, convenient for residents and tenants.This property promises more than just functional spaces; it offers the perfect work and living environment. Consider transforming the rooftop into a recreational space, where you can unwind and take in expansive views of the city skyline and the tranquil river nearby.

Conveniently located with easy access to Aiken Augusta Highway and North Augusta, South Carolina, this property is just 25 minutes from Fort Eisenhower and in close proximity to the medical district, SRP Park, and an array of local restaurants and amenities.

Considerable potential incentives may include affordable housing considerations, Opportunity Zone benefits, tax abatement, historic tax credits, and green design incentives.

• Overlooking the Savannah River presents an excellent location for potential redevelopment opportunity for multifamily, hotels, mixed-use, medical facility, and more. Vacant office building conveniently located within the central downtown business district.
• Central location, 9 minutes from the medical district and Augusta University.
• Strong market fundamentals supporting growth.
• Close to the Masters golf tournament, offering Master’s rental opportunities.
• Vacant office building conveniently located within the central downtown business district.
• Significant opportunity to purchase well below replacement cost and located in an Opportunity Zone.
• Generous parking for downtown Augusta, providing 121 spaces.
• Easily accessible to Fort Eisenhower and cyber-related activities.
• Next to Gordon Highway, Aiken/Augusta Highway. Close to I-20 and Bobby Jones Expressway.
• Existing sprinkler system in place.
• New roof.