Description
Ride the wave of a resurgent downtown Augusta to higher investment returns with this landmark property with plans to convert to nine modern studio units! Telfair Square Studios is located in the heart of Olde Town, a short walk from the Savannah River and many of the city's most dynamic employers, entertainment venues, restaurants and museums. Telfair Square Studios is in a handsome historic second empire brick home with shared off-street parking. This is a value-add project with significant opportunities for improvement via redevelopment. Once part of the Telfair Inns complex, the existing building consists of inn suites with a couple of small kitchen/kitchenettes and two currently leased apartments with full kitchens and laundry. Schematic plans show how the building could be rehabbed into nine very nice modern studio units. Ask about similar conversions in the block with a strong history of high occupancy and increasing rents. Opportunity zone; 1031 exchange ready; qualifies for historic preservation easement which Seller will initiate prior to closing. Invest in Augusta's future while preserving a beautiful piece of its history!
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4BEDS
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0.23ACRES
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4BATHS
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01/2 BATHS
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4,710SQFT
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$84$/SQFT
School Information
Description
Ride the wave of a resurgent downtown Augusta to higher investment returns with this landmark property with plans to convert to nine modern studio units! Telfair Square Studios is located in the heart of Olde Town, a short walk from the Savannah River and many of the city's most dynamic employers, entertainment venues, restaurants and museums. Telfair Square Studios is in a handsome historic second empire brick home with shared off-street parking. This is a value-add project with significant opportunities for improvement via redevelopment. Once part of the Telfair Inns complex, the existing building consists of inn suites with a couple of small kitchen/kitchenettes and two currently leased apartments with full kitchens and laundry. Schematic plans show how the building could be rehabbed into nine very nice modern studio units. Ask about similar conversions in the block with a strong history of high occupancy and increasing rents. Opportunity zone; 1031 exchange ready; qualifies for historic preservation easement which Seller will initiate prior to closing. Invest in Augusta's future while preserving a beautiful piece of its history!
IDX information © 2023 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 Shannon Rollings Real Estate. Data last updated 2023-06-09T18:55:43.477.