Sherman & Hemstreet Announces Sale of Historic Woolworths Building
Matt Aitken, a commercial agent with Sherman & Hemstreet, recently brokered the sale of 802 Broad Street in Augusta. The historic 46,688 square foot building was previously occupied by Woolworths department store which was known as one of the original “five and dime” stores. Built in 1939 the store has been vacant since 1991.
The property holds a unique look on the corner of 8th and Broad with its Art Deco architecture lining the front corner, metal windows along the outside of the second story and high ceilings on the first floor.
“There are wide open spaces on the inside and there could easily be a rooftop area. The building has a commercial sized kitchen and high ceilings on the first floor making it ideal for retail, restaurant, or office space. The building has the potential to also house loft apartments” according to Matt Aitken the selling agent. “The possibilities are endless with this building.”
Joe Edge, President of Sherman & Hemstreet stated that “downtown is experiencing exponential growth and there is significant interest in vacant buildings such as the Woolworths. There are several buildings under contract and that have recently closed in the area. Values are going to continue to increase in the area as the area sees more out of town investors coming to downtown”. The building is now listed For Lease by Matt Aitken. The local Augusta business owner who purchased the property is interested in keeping all options open for any type of tenant to make this piece of history their new home. For more information on the property please contact Matt Aitken with Sherman and Hemstreet Real Estate Company. More info can also be found at http://www.shermanandhemstreet.com/Commercial-Property-Search?propertyId=369548-lease
About Sherman & Hemstreet Real Estate Company:
Sherman & Hemstreet, founded in 1924, is an industry-leading real estate company in the Metro Augusta area. Sherman & Hemstreet provides a full range of services, including strategic consulting and execution for commercial sales and leasing, residential sales and leasing, and commercial, single family, and multi-family property management. For the latest news on Sherman & Hemstreet, visit ShermanandHemstreet.com or on Facebook at FB.com/shermanandhemstreet or on LinkedIn.