1029 Edgefield RdNorth Augusta, SC 29860

Property Details for 1029 Edgefield Rd

Year built

2003

Construction

WOOD

Lot size

1.15 AC

Property size (Sq ft)

800 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

010-14-03-007

APU

101403007

Description

This 0.5-acre commercial land parcel is ideally situated in North Augusta, South Carolina, within the rapidly expanding Sweetwater master-planned community. Boasting a location on Edgefield Road, which sees nearly 50,000 vehicles per day, this property offers unparalleled visibility and accessibility. The site is directly across from a Walmart and Food Lion anchored shopping center, ensuring high foot traffic and consumer density. The surrounding area is experiencing explosive growth, with recent developments including Chick-fil-A, QuikTrip, O'Reilly Auto Parts, Tru by Hilton, Dollar General, Aiken Regional's ER, and numerous other national retailers within walking distance. Furthermore, the property benefits from proximity to a new luxury townhome development, a large mixed-use development planned for over 4,100 homes and significant commercial space, and a 300-unit luxury multi-family cottage community. North Augusta's economic vitality is evident in the $158 million in new construction in 2022, a 33% increase from the previous year, with commercial construction up a remarkable 250%. This prime location, coupled with the area's affluent demographics (average household income exceeding $101,000 within a 5-minute drive), presents a unique opportunity for developers and investors. The asking price is $400,000. This property is for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $176,862

  6.5%

  $163,257

  7%

  $151,596

• Comparable approach

  Method

  Valuation

  Relative Method

  $147,512

  Geo Method

  $165,977

• Alternative Use

  Use

  Valuation

  Residential

  $137,713

  Hospitality

  $126,145

  Educational

  $104,951

  Medical

  $108,560

  Retail

  $163,257

Location Insight

City

North Augusta

County

Aiken

State

South Carolina

Latitude

33.5698

Longitude

-81.9375

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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