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
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.
More Information MLS# 479115
Contract Info
Availability Date: 2021-12-21
Triple Net Y/N: No
Tenancy: Single
Property Sub Type: Business
Sold Price: $929,074.92
List Date: 2021-12-21
Status: Closed
Current Price: $929,074.92
Original List Price: 1000000
Location, Tax & Legal
Quadrant: 1RI
Parcel Number: 087-1-120-01-0
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
General Property Info
Lot Size Acres: 2.9
Frontage Length: 790
Lot Size Dimensions: 2.95 ACRES
Average Depth: 450
# Of Units Total: 75
Total SqFt: 32000
Living Area Source: Public Records
Average Daily Traffic: 24500
List Price/Acres: 344827.59
List Price/SqFt: 31.25
Year Built: 1975
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.
Status Change Info
Sold Price/ Acres: 320370.66
Sold Price/SqFt: 29.03
Pending Date: 2022-03-31
Sold Price: $929,074.92
Closed Date: 2022-10-06
Current Use
Commercial: 1
Residential: 1
Other: 1
See Remarks: 1
Business Type
Education/School: 1
Hotel/Motel: 1
Professional/Office: 1
Restaurant: 1
Possible Use
Commercial: 1
Meeting Hall: 1
Mixed Use: 1
Multi-Family: 1
Office: 1
Place of Worship: 1
Recreational: 1
Residential: 1
Retail: 1
Single Family: 1
Other: 1
See Remarks: 1
Structure Type
Property Attached Y/N: Free Standing,Other-See Remarks
Other: 1
See Remarks: 1
Roof
Flat: 1
Other: 1
Parking Features
Concrete: 1
Expandable: 1
Gravel: 1
Lighted: 1
Parking Lot: 1
Paved: 1
Development Status
Finished Lot(s): 1
Site Plan Approved: 1
Other: 1
See Remarks: 1
Utilities
Above Ground Utilities: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Underground Utilities: 1
Water Connected: 1
Water Source
Public: 1
Improvements
Curbs: 1
Sidewalks: 1
Other: 1
See Remarks: 1
Sewer
Public Sewer: 1
Exterior Features
Rain Gutters: 1
Lot Features
Interior Lot: 1
Level: 1
Rectangular Lot: 1
Rolling Slope: 1
Other: 1
See Remarks: 1
Road Frontage Type
City Street: 1
Highway: 1
State Road: 1
Road Surface Type
Concrete: 1
Paved: 1
Restrictions
Other: 1
See Remarks: 1
Sale Includes
Some Equipment: 1
Some Inventory: 1
Other: 1
See Remarks: 1
Land Options
Other: 1
See Remarks: 1
Possession
Close Of Escrow: 1
Showing Requirements
Call Listing Agent: 1
Electric
Phase 3: 1
Listing Terms
Other: 1
See Remarks: 1
Special Listing Conditions
Not Applicable: 1
Short Sale: 1
Documents
Aerial: 1
Traffic: 1
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.