For Sale
$1,945,000

411 Milledge Rd Augusta, GA 30904

3.15 Acres, R-1 Zoning, Augusta, GA

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 3.15-acre parcel presents a prime infill development opportunity in Augusta, Georgia's desirable Summerville neighborhood. Located on Milledge Road, adjacent to the prestigious Augusta Country Club, this property boasts a highly sought-after address within an amenity-rich and established community. The R-1 zoning allows for a variety of residential development options, making it ideal for Class A or B multifamily projects or senior living communities. The site's flat topography and existing infrastructure, including on-site utilities, simplify the development process. Augusta's burgeoning Cybersecurity sector and the nearby Augusta Medical District contribute to a strong local economy, supporting above-average household incomes and the potential for higher rental rates. The limited supply of new housing in Summerville, coupled with a cost of living index that is being outpaced by current housing prices, indicates significant growth potential. Furthermore, the area's limited senior housing availability presents a substantial opportunity for developers. This property offers high barriers to entry in a supply-constrained market, making it an exceptional investment opportunity. The address is 411 Milledge Rd, Augusta, GA 30904, and the asking price is $1,945,000.

Highlights

  • High barriers to entry in a supply-constrained market, ideal for Class A/B multifamily or senior housing.
  • Strong rental potential due to high household incomes and proximity to the Augusta Medical District.
  • Limited new housing and senior housing supply in Summerville, creating strong growth potential and high demand.

Property Details for 411 Milledge Rd

Property type
Land
Lot Size (sq. ft)
137,214 SF

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.4864375
Longitude
-82.0076939

FAQs

What type of property is this?
Land - 3.15 Acres, R-1 Zoning, Augusta, GA
Where is the land located?
The property is located at 411 Milledge Rd Augusta, GA.
What is the asking price?
The asking price for this property is $1,945,000.
What are key features of this property?
This property features: High barriers to entry in a supply-constrained market, ideal for Class A/B multifamily or senior housing.; Strong rental potential due to high household incomes and proximity to the Augusta Medical District.; Limited new housing and senior housing supply in Summerville, creating strong growth potential and high demand.
How can I contact the broker?
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411 Milledge Rd
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