The building, an I.M. Pei design, was constructed in 1976 by the chambers foundation and has a 50-year ground-lease with the city.
In the last two years, a facility committee recommended exploring options for new space that would better suit the needs of the chambers current operations. The city of Augusta has offered to purchase the building.
Planning is underway for a new chamber location, said Phil Wahl, chairman of the board.
The chamber offices will continue to be located downtown, he said. An announcement on a new location is expected in 30 to 60 days.