JeffCroweCRE
Commercial

840 Academy Avenue

Waynesboro, GA 30830

Location

840 Academy Avenue, Waynesboro GA 30830

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List Price$449,000
TypeBusiness
Building6,342 SF
Lot0.24 Ac
Building

Improved commercial

6,342 SF building

Business · Residential · R-1 · $71 / SF · 0.24 ac lot

Data last updated: October 5, 2026 at 8:00 PM EST
ACTIVE
FMLS #7783637
Listing Provided By Jason Mitchell Real Estate of Georgia, LLC · 770-284-6772
Description

Property Description

Prime Income Potential Space located in the heart of historic Waynesboro, near Augusta! Don't miss an opportunity to own this nearly 6,400 sq ft landmark featuring two large event rooms, easily converted for other uses, a commercial grade kitchen, ample parking, accessible space, and a spacious two-bedroom apartment on the second floor. Perfect for investors, event professionals, church groups, or entrepreneurs seeking a turnkey operation with immediate revenue potential. The open interior features two large main areas with flexible seating for 100+ guests, a stage area, and full-service capabilities for ceremonies, receptions, catering, and entertainment. Wheelchair accessible with convenient parking. Key Highlights include a proven track record for events, weddings, and community gatherings, a strategic location just 30 minutes from Augusta, and versatile investment opportunity uses including potential office space, conversion to mixed-use, or multi-family rental. See this strong cash-flow potential property SOON.
Tax Advantage

Opportunity Zone Property

Tract 13033950400

This property is located inside a federally designated Qualified Opportunity Zone. Long-term investors may still access meaningful capital-gains benefits — primarily the potential exclusion of post-investment appreciation after a 10-year hold — when structured through a Qualified Opportunity Fund.

  • ExcludePotential permanent exclusion of post-investment appreciation if held 10+ years through a Qualified Opportunity Fund
  • TransitionCurrent zone designations remain in effect through 2028; new permanent OZ 2.0 rules begin January 2027
  • StructureBenefits require investment via a Qualified Opportunity Fund and satisfaction of holding-period and improvement tests

Opportunity Zone benefits depend on timing, fund structure, holding period, and substantial-improvement tests. The original deferral of pre-investment gains ends December 31, 2026. New rules (OZ 2.0) begin January 1, 2027. This is educational only — not tax, legal, or investment advice. Confirm current eligibility and structure with your CPA and counsel before acting.

View all Opportunity Zone properties →IRS Opportunity Zones overview ↗

Listing facts

Structured MLS fields. Remark language is not verified.

Year built
1991
Zoning
R-1
Price / SF
$71
Price / acre
$1,870,833
Days on market
0
Ceiling height
10
Road frontage
110 ft
Taxes
$1,762
Tax year
2025
Opportunity zone
Yes

Utilities & systems

As reported on the listing. Confirm service and capacity on site.

Available

  • Electricity
  • Sewer

Sewer

  • Public Sewer

Heating

  • Central
  • Zoned

Cooling

  • Central Air
  • Zoned

Commercial Analysis

Key metrics and property characteristics

List Price$449,000
Building Size6,342 SF
Price / SF$71
Lot Size0.24 Acres
Price / Acre$1,870,833
ZoningR-1
Property SubtypeBusiness
Year Built1991

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840 Academy Avenue

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Disclaimer

Important Investment Information

Financial and property metrics are taken from the MLS listing when available. Cap rates or other calculated figures may be estimated. All figures are for screening only — verify with current financials and physical inspection.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.