Hammond's Ferry Mixed-Use Investment

Investment Overview

Jordan Trotter Commercial Real Estate is pleased to offer 505–507 Railroad Avenue, a four-unit mixed-use investment property in the heart of Hammond's Ferry, North Augusta's riverfront neighborhood along the Savannah River. The property combines a ground-floor restaurant space, occupied by the same operator since 2008, with three 2-bedroom residences and a blend of long-tenured commercial income and residential rent in one of the area's most walkable settings. The main building features the first-floor commercial space with covered colonnade and sidewalk seating, plus two 1,328 SF, 2 bed / 2.5 bath apartments (Suites 200 and 201) with multiple covered porches. A separate 980 SF, 2 bed / 2 bath loft apartment sits at 507 Railroad Avenue. Each residence includes designated garage parking, an in-unit washer/dryer, hardwood floors throughout and stainless steel kitchen appliances. Ownership has reinvested in the property from 2021 to 2025, including new HVAC units, interior painting, pressure washing, new refrigerators, microwaves and washer/dryer units, window blinds, and pre-wired EV charging outlets. The units have maintained excellent occupancy since inception. Combined rent averages $8,811 per month ($105,732 annually). Annual city and county taxes are $19,825, and routine maintenance has averaged $5,376 per year over the last three years.

Investment Highlights

• Four-unit mixed-use building: three 2-bedroom residences and one ground-floor commercial unit
• Commercial space occupied by the same restaurant since 2008
• Combined average rent of $8,811/month ($105,732 annually)
• Excellent occupancy history since inception
• Residences range from 980 to 1,328 SF, each with garage parking and in-unit washer/dryer
• 2021–2025 improvements include new HVAC, interior paint, appliances and EV-ready wiring
• Walkable Hammond's Ferry riverfront location near SRP Park, Boeckh Park and the Greeneway
• Minutes to downtown Augusta, the medical district, and area colleges and universities