Restaurant Property with On-Site
New
For Sale
$1,500,000
3416 Mike Padgett Highway, Augusta, GA 30906
Commercial Sale, Augusta, GA
Property Size8,349 SF
Lot Size6.00 Acres
Price / SF$179.66
Days on Market2
Property Features for 3416 Mike Padgett Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
A
Subdivision
Not In Subdivision
Directions
From I-520 East take exit 9 onto Mike Padgett Hwy. Turn right onto Mike Padgett Hwy. Turn left into the parking lot.
Standard status
Active
APN
1341069010
Size
8,349 SF
Lot size
6.00 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
1341069010
Legal Description
1341069010
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1957
Listing Agency:
Meybohm Real Estate - Wheeler
(706) 736-3375
Listed By:
Justin Bolin · License #285108
(706) 627-2726
Added: Oct 16
Last Checked: Oct 17 at 7:06PM
MLS# 100610874
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.
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Investment Insights
Based on property information with market context.
This restaurant property contains an 8,349-square-foot building on 6 acres. Constructed in 1957, it has electric heating and is served by public water and public sewer.
The property is located on Mike Padgett Highway in Augusta, Richmond County, Georgia. On-site parking is available, and the site is zoned A.
The property is located on Mike Padgett Highway in Augusta, Richmond County, Georgia. On-site parking is available, and the site is zoned A.
Key Highlights
- 8,349‑square‑foot building on 6 acres
- Located on Mike Padgett Highway in Augusta, GA
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,095
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,961,900
$2.0M
Cap Rate 7%
$1,401,357
$1.4M
Cap Rate 9%
$1,089,944
$1.1M
Market Conditions
NOI Build-Up for 8,349 SF
Gross rent
$138.3K $16.56/SF
− Vacancy
−$7.5K −$0.89/SF
EGI
$130.8K $15.67/SF
− OpEx
−$32.7K −$3.92/SF
NOI
$98.1K $11.75/SF
Area
Augusta, GA
Vacancy
5.40%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,961,900
Cap Rate 7%
$1,401,357
Cap Rate 9%
$1,089,944
Alternative Uses
Best Use
Specialty Retail
$1.40M
$1.23M – $1.63M
NOI $98,095 @ 7.0% cap · market cap 6.54%
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
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?
Conventional restaurant - The site includes public water and sewer service, with electric heating in the building.
Where is this conventional restaurant 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: 8,349‑square‑foot building on 6 acres; Located on Mike Padgett Highway in Augusta, GA; On‑site parking
