411 Milledge Rd, Augusta, GA 30904
- Commercial real estate
- 3.15 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 411 Milledge Rd
- Lot size
- 3.15 lot acres
- Property type
- Commercial real estate
Description
This exceptional 3.15-acre parcel presents a prime infill development opportunity in Augusta, Georgia's desirable Summerville neighborhood. Located on Milledge Road, adjacent to the prestigious Augusta Country Club, this property boasts a highly sought-after address within an amenity-rich and established community. The R-1 zoning allows for a variety of residential development options, making it ideal for Class A or B multifamily projects or senior living communities. The site's flat topography and existing infrastructure, including on-site utilities, simplify the development process. Augusta's burgeoning Cybersecurity sector and the nearby Augusta Medical District contribute to a strong local economy, supporting above-average household incomes and the potential for higher rental rates. The limited supply of new housing in Summerville, coupled with a cost of living index that is being outpaced by current housing prices, indicates significant growth potential. Furthermore, the area's limited senior housing availability presents a substantial opportunity for developers. This property offers high barriers to entry in a supply-constrained market, making it an exceptional investment opportunity. The address is 411 Milledge Rd, Augusta, GA 30904, and the asking price is $1,945,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Richmond
- State
- Georgia
- Longitude
- -82.0076939
- Latitude
- 33.4864375
