Commercial Land with Existing
For Sale
$275,000
Pending
4041 Mike Padgett Highway, Augusta, GA 30906
Commercial Sale, Augusta, GA
Property Size1,836 SF
Lot Size5.32 Acres
Days on Market93
Property Features for 4041 Mike Padgett Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
commercial small tracts
Interior features
Ceiling Fan(s)
Basement
Crawl Space
Lot features
Wooded, Wooded
Directions
Take I-520 E to GA-56 S in Augusta. Take exit 9 from I-520 E. Turn right onto GA-56 S. Destination will be on the right
Subdivision
Not Aiken County
Standard status
Pending
APN
1990001000
Size
1,836 SF
Lot size
5.32 Acres
Taxes and HOA fees
Tax Description
commercial small tracts
Legal Description
commercial small tracts
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Flooring type
Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
Forth & Bound Real Estate Company
(803) 220-2049
Listed By:
Rebecca McGinty · License #76782
(706) 955-3392
Added: Jul 7
Changed: Sep 22
Last Checked: Oct 7 at 6:06AM
MLS# 224328
Copyright © 2026 Aiken Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5.32-acre commercial land parcel includes an existing 1,836-square-foot residential building constructed in 1968. The structure features brick construction, carpeted flooring, central air, ceiling fans, a composition roof, and cable availability. Public water and public sewer serve the property.
The site is located at 4041 Mike Padgett Highway in Augusta, Georgia, with highway frontage, visibility, and access along Mike Padgett Highway. The acreage provides land alongside the existing building for commercial planning, subject to applicable approvals and use requirements.
The site is located at 4041 Mike Padgett Highway in Augusta, Georgia, with highway frontage, visibility, and access along Mike Padgett Highway. The acreage provides land alongside the existing building for commercial planning, subject to applicable approvals and use requirements.
Key Highlights
- 5.32 acres of commercial land
- Existing 1,836‑square‑foot building constructed in 1968
- Located on Mike Padgett Highway with highway frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,307
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,140
$446.1K
Cap Rate 7%
$318,671
$318.7K
Cap Rate 9%
$247,856
$247.9K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$39.7K $21.60/SF
− Vacancy
−$4.0K −$2.16/SF
EGI
$35.7K $19.44/SF
− OpEx
−$13.4K −$7.29/SF
NOI
$22.3K $12.15/SF
Area
Augusta, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,140
Cap Rate 7%
$318,671
Cap Rate 9%
$247,856
Alternative Uses
Best Use
Office B
$401.3K
$351.1K – $468.2K
NOI $28,091 @ 7.0% cap · market cap 10.21%
Second Best
Mixed Use
$318.7K
$278.8K – $371.8K
NOI $22,307 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$579.5K
$507.1K – $676.1K
NOI $40,566 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 30906, GA
58,458
Population
24,663
Households
2.4
Avg Household Size
37
Median Age
12%
College-Educated
85%
High-School Grad
86.7 sq mi
ZIP Area
674
Density / Sq Mi
$46,159
Median Household Income
$29,218
Median Earnings
$1,051
Median Rent
$115,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land with an existing brick building, public water, and public sewer.
Where is this commercial land located?
The property is located at 4041 Mike Padgett Highway Augusta, GA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 5.32 acres of commercial land; Existing 1,836‑square‑foot building constructed in 1968; Located on Mike Padgett Highway with highway frontage
