1520 Gordon Highway, Augusta, GA 30906 (MLS# 479115)

1520 Gordon Highway, Augusta, GA 30906

$929,074.92
Property Type: Commercial Sale Square Footage: 32,000 Lot Size (sq. ft.): 126,324 Status: Closed
Current Price: $929,074.92 List Date: 12/22/2021 Last Modified: 12/29/2024

Overview

Description

1520 Gordon Highway is a 75 unit motel that has been servicing the Augusta area for many years. Building "A" consist of 37 units with the management office and concierge up front. Building "B" consist of 38 units which have been shut down due to the city inspection. Each building had a new roof put on in 2017 and 90 percent of all the units had new carpet, hvac systems, and furniture replaced in 2017 as well. The motel is currently not operating due to management, inspection report work, and city inspection shut down (Building "B). There is a P&L Statement, ADR/ARR statement, and an OCC statement available at request. 90percent of the units come fully furnished with extra. Don't forget to ask me about 1524 Gordon Highway as well. Over 8,000 square feet of entertainment/Dining space available as well. Gordon Highway is seeing a lot of growth with new apartments and businesses being built just a few short miles away.

Listing Details MLS# 479115

Location, Tax & Legal

Street #
1520
Street Name
Gordon
Street Suffix
Highway
County
Richmond
State
GA
Zip Code
30906
MLS Area Major/Quadrant
Richmond (3RI)
Subdivision Name
None-1ri
Quadrant
1RI
Parcel Number
087-1-120-01-0

Contract Info

Property Sub Type
Business
Original List Price
1000000
Availability Date
2021-12-21
Triple Net Y/N
No
Tenancy
Single

General Property Info

Lot Size Acres
2.9
Lot Size Dimensions
2.95 ACRES
Frontage Length
790
Average Depth
450
# Of Units Total
75
Total SqFt
32000
Living Area Source
Public Records
Year Built
1975
Average Daily Traffic
24500
List Price/Acres
344827.59
List Price/SqFt
31.25

Status Change Info

Pending Date
2022-03-31
Closed Date
2022-10-06
Sold Price/ Acres
320370.66
Sold Price/SqFt
29.03

Structure Type

Property Attached Y/N
Free Standing,Other-See Remarks
Other
Yes
See Remarks
Yes

Remarks & Misc

Directions
Bobby Jones to Gordon Highway. Gordon Highway towards downtown Augusta Georgia. Approximately 8 miles on the right.
Public Remarks
1520 Gordon Highway is a 75 unit motel that has been servicing the Augusta area for many years. Building "A" consist of 37 units with the management office and concierge up front. Building "B" consist of 38 units which have been shut down due to the city inspection. Each building had a new roof put on in 2017 and 90 percent of all the units had new carpet, hvac systems, and furniture replaced in 2017 as well. The motel is currently not operating due to management, inspection report work, and city inspection shut down (Building "B). There is a P&L Statement, ADR/ARR statement, and an OCC statement available at request. 90percent of the units come fully furnished with extra. Don't forget to ask me about 1524 Gordon Highway as well. Over 8,000 square feet of entertainment/Dining space available as well. Gordon Highway is seeing a lot of growth with new apartments and businesses being built just a few short miles away.

More Information

Current Use

Commercial
Yes
Residential
Yes
Other
Yes
See Remarks
Yes

Business Type

Education/School
Yes
Hotel/Motel
Yes
Professional/Office
Yes
Restaurant
Yes

Possible Use

Commercial
Yes
Meeting Hall
Yes
Mixed Use
Yes
Multi-Family
Yes
Office
Yes
Place of Worship
Yes
Recreational
Yes
Residential
Yes
Retail
Yes
Single Family
Yes
Other
Yes
See Remarks
Yes

Roof

Flat
Yes
Other
Yes

Parking Features

Concrete
Yes
Expandable
Yes
Gravel
Yes
Lighted
Yes
Parking Lot
Yes
Paved
Yes

Development Status

Finished Lot(s)
Yes
Site Plan Approved
Yes
Other
Yes
See Remarks
Yes

Utilities

Above Ground Utilities
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Underground Utilities
Yes
Water Connected
Yes

Water Source

Public
Yes

Improvements

Curbs
Yes
Sidewalks
Yes
Other
Yes
See Remarks
Yes

Sewer

Public Sewer
Yes

Exterior Features

Rain Gutters
Yes

Lot Features

Interior Lot
Yes
Level
Yes
Rectangular Lot
Yes
Rolling Slope
Yes
Other
Yes
See Remarks
Yes

Road Frontage Type

City Street
Yes
Highway
Yes
State Road
Yes

Road Surface Type

Concrete
Yes
Paved
Yes

Restrictions

Other
Yes
See Remarks
Yes

Sale Includes

Some Equipment
Yes
Some Inventory
Yes
Other
Yes
See Remarks
Yes

Land Options

Other
Yes
See Remarks
Yes

Possession

Close Of Escrow
Yes

Showing Requirements

Call Listing Agent
Yes

Electric

Phase 3
Yes

Listing Terms

Other
Yes
See Remarks
Yes

Special Listing Conditions

Not Applicable
Yes
Short Sale
Yes

Documents

Aerial
Yes
Traffic
Yes

Property Features

Business Type: Education/School; Hotel/Motel; Professional/Office; Restaurant Current Use: Commercial; Residential; Other; See Remarks Possible Use: Commercial; Meeting Hall; Mixed Use; Multi-Family; Office; Place of Worship; Recreational; Residential; Retail; Single Family; Other; See Remarks Structure Type: Other; See Remarks Roof: Flat; Other Parking Features: Concrete; Expandable; Gravel; Lighted; Parking Lot; Paved Development Status: Finished Lot(s); Site Plan Approved; Other; See Remarks Utilities: Above Ground Utilities; Electricity Connected; Natural Gas Connected; Sewer Connected; Underground Utilities; Water Connected Improvements: Curbs; Sidewalks; Other; See Remarks Exterior Features: Rain Gutters Lot Features: Interior Lot; Level; Rectangular Lot; Rolling Slope; Other; See Remarks Water Source: Public Sewer: Public Sewer Road Frontage Type: City Street; Highway; State Road Road Surface Type: Concrete; Paved Restrictions: Other; See Remarks Sale Includes: Some Equipment; Some Inventory; Other; See Remarks Land Options: Other; See Remarks Possession: Close Of Escrow Showing Requirements: Call Listing Agent Electric: Phase 3 Listing Terms: Other; See Remarks Special Listing Conditions: Not Applicable; Short Sale Documents: Aerial; Traffic
Listing Office: Douglas Lane Real Estate Group
Listing Agent: Jacob M Glover
Last Updated: December - 29 - 2024
Information deemed reliable but not guaranteed.