2501 Reynolds Industrial Rd Augusta, GA 30907
- Commercial land
- 4,974 SF
- 0.48 lot acres
Mar 11, 2025
Current Use by Public Records
- Jake's Fireworks / Fireworks Store
Property Details for 2501 Reynolds Industrial Rd
- Lot size
- 0.48 lot acres
- Property size
- 4,974 SF
- Zone code
- B-2
- Property type
- Commercial land
- APN
- 007-0-022-02-0
- APU
- 70022020
Description
This ±4,940 square foot Class A retail/showroom space, built in 2016, is ideally situated in Augusta, Georgia at 2501 Reynolds Industrial Rd, offering exceptional visibility and accessibility. Located on Riverwatch Parkway, with frontage to Reynolds Industrial Road, this property benefits from high traffic volume exceeding 30,000 vehicles per day on Riverwatch Parkway and over 59,000 vehicles per day on I-20, which it is directly adjacent to. Its strategic location near the I-20 exit (exit 200) provides easy access for customers and employees. The property is situated less than a mile from the new Village at Riverwatch development, home to Costco, Topgolf, Dave & Buster's, and new apartment complexes, ensuring a robust customer base. The building, zoned B-2, has previously housed Prestige Appliance and Jake's Fireworks, demonstrating its adaptability to various retail uses. The open layout is well-suited for a showroom, but with minor build-out, it could also accommodate a restaurant, urgent care facility, or other similar businesses. This owner-user opportunity presents a chance to acquire a nearly new building with minimal upkeep needs. The asking price is $799,000. The property's APN is 007-0-002-02-0. Nearby businesses include Waffle House, Wendy's, and PJ Fresh Marketplace. This presents a unique opportunity to own a high-traffic, well-located commercial property in a rapidly growing area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $680,000
- ML approach
- $750,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,005,000
- 6.5%
- $930,000
- 7%
- $865,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $892,000
- AI Estimate
- $553,000
Market price range: $386k - $892kMarket price range: $168k - $554k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $605,000 Current use
- OFFICE BUILDING
- $1,070,000 Change: +77% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Richmond
- State
- Georgia
- Longitude
- -82.0336
- Latitude
- 33.522
- CBSA code
- 12260
- CBSA name
- AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA