The 10.9-acre property that was formerly Sears at the Augusta Mall is up for sale.
The building on Wrightsboro Road has been on the market for about eight months, said Dean McNaughton, senior director at the real estate services firm Cushman and Wakefield. It doesn’t have a set price, he said.
“We’ve had good interest in it, but it’s not under contract yet,” he said.
The Sears location closed in 2020, two years after the company filed for bankruptcy in 2018 following a plummet in sales from $43 billion in 2010 to less than $17 billion in 2017.
The building’s first floor is about 78,050 square feet, and the second floor is about 75,350 square feet. It also has an 8,650-square-foot-auto center.
There is a population of about 356,000 within 10 miles of the property with a median age of about 36 and a median household income of about $59,740, according to research from Cushman and Wakefield.
Sears, once the largest retailer in the U.S., emerged from bankruptcy in November with 22 stores left, none of which are in Georgia. Previously, in 2005, Sears, Roebuck and Company operated more than 3,500 Kmart and Sears stores.
Two other former Sears buildings in Georgia are also up for sale by Cushman and Wakefield, including one at Glynn Place Mall in Brunswick and one at Town Center at Cobb in Kennesaw.
“They could work well for retailers or anyone with a good idea,” McNaughton said.
