2911 Riverwest DrAugusta, GA 30907

Property Details for 2911 Riverwest Dr

Year built

2007

Lot size

1.44 AC

Property size (Sq ft)

42,678 SF

Zone code

HI

Property type

Commercial land

APN

007-2-003-01-0

APU

72003010

Description

This fee-simple owned, 72-key Comfort Suites hotel presents a compelling investment opportunity in Augusta, Georgia. Located at 2911 Riverwest Dr, 30907, this three-story, 2007-built hotel boasts a prime location just off Interstate 20, offering convenient access to Augusta National Golf Club, home of the Masters Tournament. The property sits on a 1.44-acre lot and features interior corridors. A comprehensive renovation, completed in 2024, ensures the hotel is in excellent condition, offering a modern and updated guest experience. The property has consistently demonstrated strong operational performance, even during the recent renovation period, with a remarkable 17.85% year-over-year RevPAR growth. Currently operating at 72.2% occupancy, this hotel presents significant upside potential through the implementation of cost-cutting management strategies to maximize returns. Offered below replacement cost, this investment is poised for continued success, benefiting from its proximity to key demand generators including Augusta State University, Augusta University Health, the Augusta Convention Center, the Augusta Riverwalk, and Augusta Mall. The property's strong performance, prime location, and recent renovation make it an attractive acquisition for discerning investors seeking a high-return hospitality asset. The hotel's consistent performance and strategic location near major attractions and institutions ensure a steady stream of guests and revenue.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $14,387,400

  Retail / Commercial

  $7,149,210

  Mixed-Use / Specialty

  $6,943,570

  Hospitality / Lodging

  $4,859,740

  Office

  $6,714,690

  Institutional / Educational

  $7,154,140

  Residential Income

  $8,370,340

  Multifamily

  $11,037,600

  Automotive / Energy

  $6,132,120

  Parking / Income-Based Land

  $2,294,100

  Restaurant / Food Service

  $3,226,950

  Healthcare / Senior Housing

  $7,305,240

Location Insight

City

Augusta

County

Richmond

State

Georgia

Latitude

33.5248

Longitude

-82.0348

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].