1505 Leg RdAugusta, GA 30909

  • Commercial land
  • 23,160 SF
For Sale
$1,500,000 View listing

Property Details for 1505 Leg Rd

Year built
1971
Lot size
1.23 AC
Property size (Sq ft)
23,160 SF
Zone code
B-2
Property type
Commercial land
APN
041-4-202-00-0
APU
414202000

Description

This 23,160 sq ft shopping center in Augusta, GA, presents a compelling value-add investment opportunity. Located on a 1.23-acre lot with excellent visibility and high traffic counts (35,800 VPD), this single-story, 1971-built property offers three units and convenient access to major highways (I-520) and retail centers (Augusta Mall). The property boasts a prominent location near a Walmart Supercenter and other national retailers, ensuring high foot traffic and strong potential for lease or redevelopment. The B2 zoning allows for a variety of uses. The site features right-in, right-out access on Wrightsboro Road and full motion ingress/egress on North Leg Road. The 3-mile radius boasts a population of 60,000 with a median household income of $61,200. This property is situated on a highly visible corner with 200 feet of road frontage. An adjacent 1.15-acre parcel is also available for purchase, creating a larger redevelopment opportunity. The property is ideally situated near Augusta University and Forest Hills Golf Course. This is a rare opportunity to acquire a well-located retail center with significant upside potential. The asking price is $1,500,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,986,802
    Hospitality
    $3,651,889
    Educational
    $3,038,328
    Medical
    $3,142,821
    Retail
    $4,726,288

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.4687
Longitude
-82.0685
CBSA code
12260
CBSA name
AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$9,355
$97,300
$212,144
$309,444
-
$243,250
$530,360
$773,610

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