3030 Washington Rd Augusta, GA 30907-3811

Property Details for 3030 Washington Rd

Lot size

1.70 lot acres

Zone code

B-2

Property type

Commercial land

APN

012-0-482-00-0

APU

120482000

Description

This exceptional investment opportunity presents a 144-key dual-brand hotel, encompassing the Red Roof Inn (96 rooms + 6 employee housing units) and HomeTowne Studios (42 rooms with kitchenettes). Situated on a 4.95-acre lot (including a 1.7-acre development site) in Augusta, Georgia, this two-story, 25,962 square foot property boasts a prime location directly off Interstate-20 and along Washington Road, benefiting from high visibility and convenient access. The property's B-2 zoning allows for flexibility, including potential conversion to multifamily use (approximately 143 units based on zoning regulations). The hotel's proximity to Augusta National Golf Club, home of the Masters Tournament, presents significant upside potential. The current asking price is $4,600,000 ($177.18/sq ft). The property offers significant potential for increased revenue per available room (RevPAR) through focused management and marketing strategies. The additional 1.7-acre parcel provides options for expansion or alternative uses. Built in 1986, this property offers a compelling value-add opportunity in a thriving market with high traffic counts (approximately 64,000 vehicles daily on the adjacent section of I-20 and Washington Road). The seller may consider separate sales of the land and hotel.