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1140 Druid Park Ave - 1140 Druid Park Ave + additional parcels
1.21 Acres of Commercial Land Offered at $1,000,000 in Augusta, GA 30904
Investment Highlights
- Zoned R-3C allowing for student housing, multi-family, townhomes or single family homes. Highest & best use is student housing or multi-family
- Room for assemblage to expand project
- 4 miles to Augusta National Golf Club home of the Annual Masters Augusta Golf Tournament
- 1.21 Acres, includes 8 parcels along Druid Park, Emmett & McAnally
- Walking distance to Medical college of Georgia, Augusta University, Augusta University Medical Center, VA Medical Center & Paine college
Executive Summary
Property Facts
| Price | $1,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.21 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $1,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.21 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $1,000,000 | Lot Size | 1.21 AC |
| Price Per AC | $826,446 |
| Price | $1,000,000 |
| Price Per AC | $826,446 |
| Lot Size | 1.21 AC |
Prime development site in medical district for student housing or multi-family. Average multi-family price/unit is $232.870. The average vacancy is 4.3%. 8 parcels zoned R-3C, 1.21 Acres & opportunity to assemble additional lots to expand project
Description
Located in the Medical District near the Midtown and Downtown districts. This location is zoned R-3C with no conditions, allowing for student housing, multi-family, townhomes and duplexes. No commercial use per current zoning. Highest & best use is student housing or multi-family. Already have a great connect for instant income for student housing. The property is steps away from the Medical College of Georgia and Augusta University Hospital, 2 minutes away from the Augusta Country Club, site of the Augusta National Golf tournament and is also surrounded by Midtown and Downtown. Come join in the expansion of the multi-family development movement in Augusta or perfect opportunity for the student housing developer. 2 new multi-family developments completed in the last 2 years and another one on the way. In addition to 1140 Druid Park Ave, the sale includes 7 land parcels 1142 Druid Park, 1726 McAnally St, 1139 Emmett St, 1137 Emmett St, 1135 Emmett St, 1133 Emmett St and 1131 Emmett St. The property is perfect for a small-scale garden style multi-family or mixed-use development. There is potential to assemble additional parcels surrounding the property.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,336 | |
| Land Assessment | $31,363 | Total Assessment | $36,699 |
PROPERTY TAXES
zoning
| Zoning Code | R-3C (Student housing, multi-family, duplexes & single family allowed. No commercial use permitted under zoning and would require zoning change.) |
| R-3C (Student housing, multi-family, duplexes & single family allowed. No commercial use permitted under zoning and would require zoning change.) |
Presented by
1140 Druid Park Ave - 1140 Druid Park Ave + additional parcels
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