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    1505 Leg Rd Augusta, GA 30909

    Sponsored
    For Sale
    $1,500,000

    Prime Augusta retail center, redevelopment opportunity.

    Property size:
    23,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 23,160 sq ft shopping center in Augusta, GA, presents a compelling value-add investment opportunity. Located on a 1.23-acre lot with excellent visibility and high traffic counts (35,800 VPD), this single-story, 1971-built property offers three units and convenient access to major highways (I-520) and retail centers (Augusta Mall). The property boasts a prominent location near a Walmart Supercenter and other national retailers, ensuring high foot traffic and strong potential for lease or redevelopment. The B2 zoning allows for a variety of uses. The site features right-in, right-out access on Wrightsboro Road and full motion ingress/egress on North Leg Road. The 3-mile radius boasts a population of 60,000 with a median household income of $61,200. This property is situated on a highly visible corner with 200 feet of road frontage. An adjacent 1.15-acre parcel is also available for purchase, creating a larger redevelopment opportunity. The property is ideally situated near Augusta University and Forest Hills Golf Course. This is a rare opportunity to acquire a well-located retail center with significant upside potential. The asking price is $1,500,000.

    Property Features for 1505 Leg Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    23,160 SF
    Lot Size
    53,579 SF

    Building Details

    Year Built
    1971
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • $1,500,000 asking price for a value‑add retail shopping center.
    • 23,160 square feet on a 1.23‑acre lot.
    • Triple Net (NNN) lease.
    • Excellent visibility and access with right‑in/right‑out access and 200 feet of road frontage.
    • High traffic count of 35,800 vehicles per day (VPD).
    • Strong demographics: 60,000 population and $61,200 median household income within a 3‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    AUG Ceaning Service Commercial Cleaning Service OAK Restaurant and Lounge American Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -82.0684449
    Latitude
    33.4687148

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Augusta retail center, redevelopment opportunity.
    Where is this lifestyle center located?
    The property is located at 1505 Leg Rd 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: $1,500,000 asking price for a value-add retail shopping center.; 23,160 square feet on a 1.23-acre lot.; Triple Net (NNN) lease.
    Request Owner's contact information
    1505 Leg Rd Augusta, GA 30909
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1505 Leg Rd Augusta, GA 30909
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