Commercial Development Land with Road
2208 Tobacco Road Augusta, GA 30906
2208 Tobacco Road, Augusta, GA, 30906
$415,900
For Sale
$415,900
LAND - Augusta, GA
Property Size2,882 SF
Lot Size3.94 Acres
Price / SF$144.31
Days on Market1899
Property Features for 2208 Tobacco Road
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,882 SF
- Lot size
- 3.94 Acres
Utilities
- Utilities
- Water Available
- Sewer type
- Septic Tank
- Water source
- Public
Building Details
- Year built
- 1950
- Number of units
- 2
Listing agency
Meybohm Real Estate - Evans
Listed by
Nichole Cooper · License #371510
(706) 564-8212
Added: May 10, 2021 Updated: Jul 10 at 8:39PM Checked: Jul 21 at 7:06PM
MLS# 98225011
Copyright © 2026 Hive MLS. 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 3.94-acre land tract offers approximately 176 feet of road frontage and includes two existing dwellings. The property is described as being zoned residential/agricultural, with a main dwelling serving as a primary residence and a secondary dwelling used as a garage/apt that can support rental income.
The site is located at a high-traffic intersection in Augusta, GA, providing exposure for business or development plans. The property is currently occupied, and the owner requests that no sign be displayed.
For buyers seeking a development-minded parcel, the combination of site size, meaningful road footage, and existing structures may support a range of redevelopment or continued use scenarios, subject to applicable approvals.
The site is located at a high-traffic intersection in Augusta, GA, providing exposure for business or development plans. The property is currently occupied, and the owner requests that no sign be displayed.
For buyers seeking a development-minded parcel, the combination of site size, meaningful road footage, and existing structures may support a range of redevelopment or continued use scenarios, subject to applicable approvals.
Key Highlights
- Prime location at a high‑traffic intersection in a growing area of Augusta, offering excellent exposure for a business.
- 3.94‑acre tract of land with approximately 176ft of road frontage, ideal for development.
- Zoned residential/agricultural with two dwellings, providing immediate rental income potential.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.9k | $18.00 |
| − Vacancy | −$4.4k | −$1.53 |
| EGI | $47.5k | $16.47 |
| − OpEx | −$21.4k | −$7.41 |
| NOI | $26.1k | $9.06 |
2,882 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$373.0K
$326.3K – $435.1K
NOI $26,107 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$909.7K
$796.0K – $1.06M
NOI $63,677 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Similar For Sale Nearby
FAQs
What type of property is this?
Residential land & home lot - 3.94-acre tract with about 176 ft of road frontage and two existing dwellings on a residential/agricultural-zoned site.
Where is this residential land & home lot located?
The property is located at 2208 Tobacco Road Augusta, GA.
What is the asking price?
The asking price for this property is $415,900.
What are key features of this property?
This property features: Prime location at a high‑traffic intersection in a growing area of Augusta, offering excellent exposure for a business.; 3.94‑acre tract of land with approximately 176ft of road frontage, ideal for development.; Zoned residential/agricultural with two dwellings, providing immediate rental income potential.
