834 Augusta RdWarrenville, SC 29851

Property Details for 834 Augusta Rd

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.28 AC

Property size (Sq ft)

2,820 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

069-11-06-011

APU

691106011

Description

This exceptional 3,000 square foot retail property, located at 834 Augusta Road in Warrenville, South Carolina (zip code 29851), presents a unique redevelopment opportunity. Situated on a 2.32-acre lot, this single-story, 1970-built building (APN: 069 11 06 011) benefits from a prime location on Augusta Road, a thoroughfare with a daily traffic count of 6,500 vehicles. The property is undergoing a complete renovation, including a "Vanilla Box" interior fit-out suitable for a convenience store and small retail spaces, along with exterior facade improvements. This revitalization is projected for completion within six months. The property's strategic location is further enhanced by the proximity to Warren Mill Lofts, a new 205-unit residential development slated to open in Winter 2024, featuring amenities such as a resort-style pool, 24-hour fitness center, clubhouse, and lounge. This burgeoning residential community adds significant potential for increased foot traffic and customer base. Following the completion of renovations, the tenant will be responsible for all property-related costs. This presents a rare chance to establish a thriving business in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $623,438

  6.5%

  $575,481

  7%

  $534,375

• Comparable approach

  Method

  Valuation

  Relative Method

  $519,979

  Geo Method

  $585,070

• Alternative Use

  Use

  Valuation

  Residential

  $485,440

  Hospitality

  $444,660

  Educational

  $369,952

  Medical

  $382,675

  Retail

  $575,481

Location Insight

City

Warrenville

County

Aiken

State

South Carolina

Latitude

33.5535

Longitude

-81.799

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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