Asset Type: Real Estate
Estate: Leasehold
Year Built: 1896
Land Area: 0.38 Acres
Property Size: 12,237 SF
Property Type: Office
Occupancy %: 100
Year Renovated: 2024
Number of Floors: 1
Investment Highlights
- 12,237 SF office building
- Built in 1896, renovated in 2024
- Zoned B-2 for versatile commercial use
- Prime location in Augusta area
- Current 100% occupancy status
Executive Office Suites - Downtown
This offering consists of two adjacent historic office buildings located in the heart of downtown Augusta. Both properties are fully leased to multiple long-term tenants and have been well maintained, providing stable cash flow while preserving the character and charm of their historic architecture. Thoughtful renovations and modern amenities make these buildings an exceptional investment opportunity.
431 Walker Street (3,905 SF) underwent substantial renovations in 2024, including a complete remodel of the basement office suites. The main floor features three spacious private offices, an attractive reception and waiting area, and shared kitchenette and restroom facilities serving the first and second floors. The second floor includes two large offices situated on opposite sides of the hallway, along with access to the attic and HVAC equipment. The fully renovated basement contains four private office suites and additional restroom facilities, creating functional and updated workspace for tenants.
429 Walker Street (8,332 SF) has undergone multiple historic renovations over the years that have preserved its architectural integrity while adapting the building for modern office use. The daylight basement includes five private offices, a storage room, and a common hallway that provides access to a rear loading ramp. The main floor is occupied by a long-established law firm that has leased the property for many years and includes access to a shared conference room. The remainder of the building, including the second and third floors and a small portion of the first floor, is leased to another prominent local law firm that has also been a long-term tenant.
Together, these distinguished buildings offer a unique combination of historic character and contemporary functionality. Their classic architecture, modern improvements, and strong roster of long-term tenants create an attractive investment opportunity in one of downtown Augusta’s most established professional office corridors. With stable occupancy, updated infrastructure, and a proven leasing history, this offering presents a rare opportunity to acquire two landmark office buildings that continue to serve as an important part of Augusta’s business community.
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