115-Key Hotel with
3026 Washington Road, Augusta, GA 30907
For Sale
Contact for pricing
The two-story property combines an operating hotel with a separately parceled restaurant featuring a commercial kitchen and dining room.
Property Size59,898 SF
Lot Size2.76 Acres
Price / SF$75.13
Days on Market18
Property Features for 3026 Washington Road
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Traffic Count
Highway Access
Road Access
Land
Land Use
Subdividable
Additional Details
Business Included
Amenities
outdoor pool
business center
Wi-Fi
Building Details
Year Built
Year Renovated
Stories
Construction
Listing Agency:
Meybohm Commercial
Listed By:
Jonathan Aceves
(706) 294-1757
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 3:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Meybohm Commercial
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Investment Insights
Based on property information with market context.
The property comprises a 115-room Super 8 by Wyndham hotel and a separate restaurant parcel sharing a party wall with the hotel. The two-story, wood-frame hotel has exterior corridors and 56,903 SF of hospitality space; the restaurant adds 2,995 SF, for 59,898 SF combined. Opened in 1975 and renovated in 2009, the hotel operates as an economy-class Wyndham franchise. On-site features include an outdoor pool, business center, Wi-Fi, and 155 surface parking spaces. The restaurant is built out with a commercial kitchen, dining room, and counter seating. The two parcels total approximately 2.76 acres and carry B-2 zoning. The property may be acquired together or in separate parcels, and ground leasing is also an option.
Located on Washington Road in Augusta, the site has right-in/right-out access and is 338 feet from the nearest signalized intersection. Washington Road carries 35,900 vehicles per day. The property is 0.3 miles from I-20 and 1.8 miles from Augusta National Golf Club, within a concentration of national retailers and restaurants.
Located on Washington Road in Augusta, the site has right-in/right-out access and is 338 feet from the nearest signalized intersection. Washington Road carries 35,900 vehicles per day. The property is 0.3 miles from I-20 and 1.8 miles from Augusta National Golf Club, within a concentration of national retailers and restaurants.
Key Highlights
- 115‑room Super 8 by Wyndham hotel, operating as a Wyndham Hotels & Resorts franchise
- ±56,903 SF hotel and ±2,995 SF restaurant; ±59,898 SF combined
- Two parcels total ±2.76 acres and are zoned B‑2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$290,206
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,804,120
$5.8M
Cap Rate 7%
$4,145,800
$4.1M
Cap Rate 9%
$3,224,511
$3.2M
Market Conditions
NOI Build-Up for 59,898 SF
Gross rent
$718.8K $12.00/SF
− Vacancy
−$107.8K −$1.80/SF
EGI
$611.0K $10.20/SF
− OpEx
−$320.8K −$5.35/SF
NOI
$290.2K $4.85/SF
Area
Augusta, GA
Vacancy
15.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,804,120
Cap Rate 7%
$4,145,800
Cap Rate 9%
$3,224,511
Alternative Uses
Best Use
Mixed Use
$10.40M
$9.10M – $12.13M
NOI $727,761 @ 7.0% cap · market cap 16.17%
Second Best
Specialty Retail
$10.05M
$8.80M – $11.73M
NOI $703,761 @ 7.0% cap · market cap 15.64%
Theoretical Best
Office A
$18.91M
$16.54M – $22.06M
NOI $1,323,433 @ 7.0% cap · market cap 29.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
35,900 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 30907, GA
50,964
Population
22,219
Households
2.3
Avg Household Size
39
Median Age
39%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
2,115
Density / Sq Mi
$83,349
Median Household Income
$45,692
Median Earnings
$1,211
Median Rent
$232,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Hotel - The two-story property combines an operating hotel with a separately parceled restaurant featuring a commercial kitchen and dining room.
Where is this hotel located?
The property is located at 3026 Washington Road Augusta, GA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 115‑room Super 8 by Wyndham hotel, operating as a Wyndham Hotels & Resorts franchise; ±56,903 SF hotel and ±2,995 SF restaurant; ±59,898 SF combined; Two parcels total ±2.76 acres and are zoned B‑2
