Listed by CORE
$380,000
10.5% Cap - Augusta Mixed Use Property
Details
Property Type Mixed Use, Retail
Sub Type Restaurant
Square Footage 4,389
Net Rentable (SqFt) 2,333
Units 2
Occupancy 100%
Lease Type NNN
Pro-Forma Cap Rate 10.51%
Pro-Forma NOI $39,925
Price per SqFt $87
Year Built 1920
Year Renovated 2024, 2025
Investment Type Stabilized
Mixed Use | 4,389 SqFt
Marketing description
CORE is pleased to bring 1 Hichborn Street to market. The subject property is a two-unit mixed-use building offered for sale in the heart of Augusta. The ground floor is anchored by a well-regarded local Asian-fusion restaurant, while the second floor features a nicely appointed two-bedroom, one-bath apartment spanning the entire top floor.
The property operates with minimal landlord responsibility, and its strong cash flow figures reflect that. Financials available upon request.
Investment highlights
- Solid cashflow
- Strong performing retail tenant
- Well maintained building, recent interior and exterior renovations
Listing Contacts
Listed by CORE
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