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1944 Walton Way
Augusta, GA 30904
Academy Plaza · Retail Property For Sale
Investment Highlights
- This shopping center has been a fixture in the area since 1988 and
- The tenant mix includes a range of short- and long-term leases
- Recently underwent a major renovation including a façade upgrade, new roof, and resurfaced parking lot.
- There is currently one vacancy, along with a few below-market inherited leases, presenting a meaningful value-add opportunity for a future owner
Executive Summary
Located along Walton Way, a major retail corridor connecting the Summerville area and Augusta University campus to the medical district through the historic Harrisburg neighborhood. The property sits directly in front of Richmond Academy, the area’s largest high school.
Nearby retailers include Advance Auto, Starbucks, KFC, Krystal, CVS, and Goodwill. Additionally, through a partnership with Augusta National and Tiger Woods, a new TGR facility is currently under construction nearby along Baker Avenue.
Nearby retailers include Advance Auto, Starbucks, KFC, Krystal, CVS, and Goodwill. Additionally, through a partnership with Augusta National and Tiger Woods, a new TGR facility is currently under construction nearby along Baker Avenue.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
14,370 SF
Building Class
B
Year Built
1990
Price
$3,609,209 CAD
Price Per SF
$251.16 CAD
Cap Rate
7%
NOI
$252,645 CAD
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
Commercial C3C1
Parking
53 Spaces (3.69 Spaces per 1,000 SF Leased)
Frontage
300’ on Walton Way
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 0353407000 | Improvements Assessment | $863,702 CAD |
| Land Assessment | $136,875 CAD | Total Assessment | $1,000,577 CAD |
Property Taxes
Parcel Number
0353407000
Land Assessment
$136,875 CAD
Improvements Assessment
$863,702 CAD
Total Assessment
$1,000,577 CAD
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