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    2026 Ascauga Lake Rd North Augusta, SC 29841

    For Sale
    $1,720,000

    Prime SC land, multifamily potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 43.792-acre tract, located at 2026 Ascauga Lake Rd, North Augusta, SC 29841, presents a remarkable investment opportunity. Zoned for Residential-Commercial (Planned Development), this property offers significant flexibility for multifamily development. With county water on-site and sewer nearby, infrastructure is largely in place. The property boasts approximately 363 feet of road frontage, providing excellent accessibility. The Planned Development zoning allows for a maximum density of 24 units per acre, and the potential for some professional or commercial development at the property's front is also a possibility. This prime location offers convenient access to Interstate 20 at exit #5, placing it just 5 miles from Augusta, GA, 70 miles from Columbia, SC, and 150 miles from Atlanta, GA. The asking price is $1,720,000, representing a compelling $8,600 per unit based on a potential 200-unit development. The property's APN is 010-20-01-001. This is a rare opportunity to acquire a large, well-located parcel with significant development potential in a rapidly growing area. The current zoning is expected to remain unchanged, providing investors with certainty and minimizing future regulatory hurdles. This property offers a strong 8.00% cap rate.

    Property Features for 2026 Ascauga Lake Rd

    General Information

    Property type
    Multifamily properties
    Class
    A
    Lot Size
    1,907,580 SF

    Building Details

    Units
    200

    HighLights

    • $1,720,000 asking price for 43.792 acres of agricultural land zoned Residential‑Commercial.
    • 8.00% cap rate with 200 units, priced at $8,600 per unit.
    • Located at 2026 Ascauga Lake Rd, North Augusta, SC 29841, near I‑20 exit 5.
    • Planned Development (PD) zoning allows for flexible multifamily development with potential for commercial uses; maximum density of 24 units per acre.
    • County water available on‑site, sewer nearby, and approximately 363 feet of road frontage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Augusta
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.9239498
    Latitude
    33.5630104

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    FAQs

    What type of property is this?
    Multifamily property - Prime SC land, multifamily potential.
    Where is this multifamily property located?
    The property is located at 2026 Ascauga Lake Rd North Augusta, SC.
    What is the asking price?
    The asking price for this property is $1,720,000.
    What are key features of this property?
    This property features: $1,720,000 asking price for 43.792 acres of agricultural land zoned Residential-Commercial.; 8.00% cap rate with 200 units, priced at $8,600 per unit.; Located at 2026 Ascauga Lake Rd, North Augusta, SC 29841, near I-20 exit 5.
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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
    2026 Ascauga Lake Rd North Augusta, SC 29841
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