Augusta Commercial Property For
3416 Mike Padgett Highway Augusta, GA 30906
3416 Mike Padgett Highway, Augusta, GA, 30906
$1,500,000
For Sale
$1,500,000
COMMERCIAL - Augusta, GA
Property Size8,349 SF
Lot Size6.00 Acres
Price / SF$179.66
Days on Market522
Property Features for 3416 Mike Padgett Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- A
- Standard status
- Active
- APN
- 1341069010
- Size
- 8,349 SF
- Lot size
- 6.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 1341069010
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1957
Listing agency
VanderMorgan Realty
(706) 627-2726
Listed by
Justin Bolin · License #285108
(706) 627-2726
Added: Feb 14, 2025 Updated: May 14 at 7:37PM Checked: Jul 21 at 8:06PM
MLS# 98227167
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 commercial property is located in Richmond County. The property offers visibility and accessibility, making it suitable for various business ventures. Situated on a busy highway, the location benefits from a high volume of daily traffic, making it suitable for a restaurant, retail space, or office. The property provides space for customization to suit business needs. On-site parking is available for customers and employees. The lot size is 6 acres and the property size is 8349 square feet. The property is zoned A. This property offers a blend of convenience and potential.
Key Highlights
- High‑visibility location on a busy highway, ideal for attracting customers.
- Versatile space suitable for restaurant, retail, or office use.
- Ample space for customization to fit specific business needs.
Local Financial Insights For Retail
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 | $138.3k | $16.56 |
| − Vacancy | −$5.4k | −$0.65 |
| EGI | $132.9k | $15.91 |
| − OpEx | −$39.9k | −$4.77 |
| NOI | $93.0k | $11.14 |
8,349 SF · lease $16.56/SF/yr · vacancy 3.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $93,007 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.64M
$2.31M – $3.07M
NOI $184,469 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Versatile commercial property with high visibility and accessibility in Augusta.
Where is this retail space located?
The property is located at 3416 Mike Padgett Highway Augusta, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High‑visibility location on a busy highway, ideal for attracting customers.; Versatile space suitable for restaurant, retail, or office use.; Ample space for customization to fit specific business needs.
