For Sale
$1,720,000

2026 Ascauga Lake RdNorth Augusta, SC 29841

Prime SC land, multifamily potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 43.792-acre tract, located at 2026 Ascauga Lake Rd, North Augusta, SC 29841, presents a remarkable investment opportunity. Zoned for Residential-Commercial (Planned Development), this property offers significant flexibility for multifamily development. With county water on-site and sewer nearby, infrastructure is largely in place. The property boasts approximately 363 feet of road frontage, providing excellent accessibility. The Planned Development zoning allows for a maximum density of 24 units per acre, and the potential for some professional or commercial development at the property's front is also a possibility. This prime location offers convenient access to Interstate 20 at exit #5, placing it just 5 miles from Augusta, GA, 70 miles from Columbia, SC, and 150 miles from Atlanta, GA. The asking price is $1,720,000, representing a compelling $8,600 per unit based on a potential 200-unit development. The property's APN is 010-20-01-001. This is a rare opportunity to acquire a large, well-located parcel with significant development potential in a rapidly growing area. The current zoning is expected to remain unchanged, providing investors with certainty and minimizing future regulatory hurdles. This property offers a strong 8.00% cap rate.

Highlights

  • $1,720,000 asking price for 43.792 acres of agricultural land zoned Residential-Commercial.
  • 8.00% cap rate with 200 units, priced at $8,600 per unit.
  • Located at 2026 Ascauga Lake Rd, North Augusta, SC 29841, near I-20 exit 5.
  • Planned Development (PD) zoning allows for flexible multifamily development with potential for commercial uses; maximum density of 24 units per acre.
  • County water available on-site, sewer nearby, and approximately 363 feet of road frontage.

Property Details for 2026 Ascauga Lake Rd

Property type
Land, Farms
Class
A
Lot Size (sq. ft)
1,907,580 SF
Units
200

Location Insight

City
North Augusta
County
Aiken
State
South Carolina
Latitude
33.5630104
Longitude
-81.9239498
2026 Ascauga Lake Rd, North Augusta, South Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2026 Ascauga Lake Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message