411 Milledge RdAugusta, GA 30904

Property Details for 411 Milledge Rd

Lot size

3.15 AC

Property type

Land

Description

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.

Location Insight

City

Augusta

County

Richmond

State

Georgia

Latitude

33.4864

Longitude

-82.0077

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