101 Edgewood DrNorth Augusta, SC 29841
- Retail properties
- 106,554 SF
Property Details for 101 Edgewood Dr
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 20.13 AC
- Property size (Sq ft)
- 106,554 SF
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 006-12-05-001
- APU
- 61205001
Description
Edgewood Square, a 228,204 square foot shopping center in North Augusta, South Carolina, presents a prime retail investment opportunity. Located in Aiken County, a thriving area experiencing significant economic growth fueled by recent investments from companies like Bridgestone and the Savannah River Site, this property benefits from its strategic position within the Augusta, GA metropolitan area and the Central Savannah River Area (CSRA). Currently undergoing redevelopment, Edgewood Square boasts a strong anchor tenant lineup including a new Hobby Lobby and Tractor Supply. The center offers multiple tenancy options with spaces ranging from a minimum of 1,000 square feet to a maximum contiguous space of 50,285 square feet, with 83,478 square feet currently vacant. High daily traffic counts of 28,100 vehicles on Edgefield Road ensure excellent visibility and accessibility. The property's location along Edgefield Road positions it to capitalize on future growth in the area. New retailers are expected to join the project in the fourth quarter of 2024. This is an exceptional chance to secure retail space in a rapidly developing market within one of South Carolina's most dynamic counties. Aiken County's strong job market and appeal to baby boomers further enhance the property's long-term potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $23,556,652
- 6.5%
- $21,744,602
- 7%
- $20,191,416
-
Comparable approach
- Method
- Valuation
- Relative Method
- $19,647,460
- Geo Method
- $22,106,928
-
Alternative Use
- Use
- Valuation
- Residential
- $18,342,384
- Hospitality
- $16,801,526
- Educational
- $13,978,672
- Medical
- $14,459,420
- Retail
- $21,744,602
Location Insight
- City
- North Augusta
- County
- Aiken
- State
- South Carolina
- Latitude
- 33.5267
- Longitude
- -81.9528
- CBSA code
- 12260
- CBSA name
- AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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