Hell Hath Frozen Over
The Soul Bar opened in downtown Augusta in October of 1995 in a building built in 1910. According to a Metro Spirit article from 2015, the rent was “only a few hundred dollars a month with an option to buy.”
The Soul Bar Inc purchased the property in 1997 for $45,000. At the time the fair market value of the property at 984 Broad Street was $93,600.
In 2004, the Soul Bar Inc reformed as Broad Soul Bar LLC and at the time the tax assessed value had risen to $128,073.
In 2017 the ownership reformed again as Original Soul Bar LLC, at which time the value of the building had lowered to $107,418.
The Soul Bar building is listed for sale by Blanchard and Calhoun for $425,000.
According to the listing agent, the new owners will have “plenty of opportunity to elevate it during the biggest revitalization of Downtown Augusta in decades.”
As any James Brown fan will agree, it’s all in the timing.
Building Type: Retail Storefront
Year Built: 1910
Building Size: 1st Floor 2,800 Sq Ft
Mezzanine: 400 SqFt
Listed For: $425,000