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1520 Gordon Highway

Augusta, GA 30906
  • $1,000,000
  • STATUS: Active Under Contract
  • ON SITE: 228 Days
  • MLS #: 479115
Short Sale
UPDATED: 76 min ago
$1,000,000
  • 0
    BEDS
  • 2.9
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 32,000
    SQFT
  • $31
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1975
County:
Area:

School Ratings & Info

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.

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IDX information © 2022 Greater Augusta Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or Southeastern Residential. Data last updated 2022-08-07T17:55:41.137.
www.livesoutheastern.com/homes/124211431
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1520 Gordon Highway Augusta, GA 30906

  • Price: $1,000,000
  • Status: Active Under Contract
  • On Site: 228 Days
  • Updated: 76 min ago
  • MLS #: 479115
0
Beds
0
Baths
0
½ Baths
2.9
Acres
32,000
SQFT
$31
$/SQFT
1975
Built
Neighborhood:
None-1Ri
County:
Richmond
Area:
Augusta
Property 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.
Exterior Features

Average Daily Traffic 24500 Exterior Features Rain Gutters Frontage Length 790 Lot Features Interior LotLevelOtherRectangular LotRolling SlopeSee Remarks Lot Size Dimensions 2.95 ACRES Parking Features ConcreteExpandableGravelLightedParking LotPaved Road Frontage Type City StreetHighwayState Road Road Surface Type ConcretePaved Roof FlatOther Structure Type OtherSee Remarks

Interior Features

Electric Phase 3

Property Features

Availability Date 2021-12-21 Average Depth 450 Business Type Education/SchoolHotel/MotelProfessional/OfficeRestaurant Current Use CommercialOtherResidentialSee Remarks Development Status Finished Lot(S)OtherSee RemarksSite Plan Approved Improvements CurbsOtherSee RemarksSidewalks Land Options OtherSee Remarks Listing Terms OtherSee Remarks Possible Use CommercialMeeting HallMixed UseMulti-FamilyOfficeOtherPlace Of WorshipRecreationalResidentialRetailSee RemarksSingle Family Property Sub Type Business Restrictions OtherSee Remarks Sale Includes OtherSee RemarksSome EquipmentSome Inventory Sewer Public Sewer Special Listing Conditions Not ApplicableShort Sale Tenancy Single Triple Net YN No Utilities Above Ground UtilitiesElectricity ConnectedNatural Gas ConnectedSewer ConnectedUnderground UtilitiesWater Connected Water Source Public

Listing courtesy of Douglas Lane Real Estate Group.


IDX information © 2022 Greater Augusta Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or Southeastern Residential. Data last updated 2022-08-07T17:55:41.137.
 
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