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 the community of Olde Town, with the much loved Fox's Lair and Olde Town Inn next door and Heritage Academy a block away, 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 ten inn suites with ten bathrooms with a couple of small kitchen/kitchenettes and a currently leased 1br/1ba apartments with full kitchen and laundry. Preliminary 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. A seller is licensed real estate broker and is related to listing agent. 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! A seller is licensed real estate broker and is related to listing agent. Seller requires proof of funds or financing approval to schedule appointments. Tenant must be given at least 24 hours notice to view occupied units. 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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10BEDS
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0.23ACRES
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10BATHS
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01/2 BATHS
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4,710SQFT
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$64$/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 the community of Olde Town, with the much loved Fox's Lair and Olde Town Inn next door and Heritage Academy a block away, 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 ten inn suites with ten bathrooms with a couple of small kitchen/kitchenettes and a currently leased 1br/1ba apartments with full kitchen and laundry. Preliminary 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. A seller is licensed real estate broker and is related to listing agent. 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! A seller is licensed real estate broker and is related to listing agent. Seller requires proof of funds or financing approval to schedule appointments. Tenant must be given at least 24 hours notice to view occupied units. 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 © 2024 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 Fabulous Aiken Homes. Data last updated 2024-10-12T14:58:44.967.