2026 Ascauga Lake RdNorth Augusta, SC 29841

Property Details for 2026 Ascauga Lake Rd

Lot size

43.79 AC

Property type

Agricultural properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

North Augusta

County

Aiken

State

South Carolina

Latitude

33.563

Longitude

-81.924

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