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1140 Druid Park Ave - 1140 Druid Park Ave + additional parcels 1.21 Acres of Commercial Land Offered at $1,000,000 in Augusta, GA 30904

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INVESTMENT HIGHLIGHTS

Zoned R-3C allowing for student housing, multi-family, townhomes or single family homes. Highest & best use is student housing or multi-family
Room for assemblage to expand project
4 miles to Augusta National Golf Club home of the Annual Masters Augusta Golf Tournament

1.21 Acres, includes 8 parcels along Druid Park, Emmett & McAnally
Walking distance to Medical college of Georgia, Augusta University, Augusta University Medical Center, VA Medical Center & Paine college

EXECUTIVE SUMMARY

Prime development site in medical district for student housing or multi-family. Average multi-family price/unit is $232.870. The average vacancy is 4.3%. 8 parcels zoned R-3C, 1.21 Acres & opportunity to assemble additional lots to expand project. Several University properties in walking distance, including the Medical College of Georgia and Augusta University. Near the Augusta National Golf Club. Great investment opportunity for student housing or multi-family developer and set aside corporate apartments during golf tournament for an exceptional return.

Druid & Emmett Brochure

PROPERTY FACTS

Price	$1,000,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Apartment Units - Subsidized Hold For Development Hold For Investment Single Family Development Single Family Residence
Sale Condition	Redevelopment Project	Total Lot Size	1.21 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	R-3C - Student housing, multi-family, duplexes & single family allowed. No commercial use permitted under zoning and would require zoning change.

Price	$1,000,000
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Apartment Units - Subsidized Hold For Development Hold For Investment Single Family Development Single Family Residence
Total Lot Size	1.21 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3C - Student housing, multi-family, duplexes & single family allowed. No commercial use permitted under zoning and would require zoning change.

1 LOT AVAILABLE

Lot

Price	$1,000,000	Lot Size	1.21 AC
Price Per AC	$826,446.28

Price	$1,000,000
Price Per AC	$826,446.28
Lot Size	1.21 AC

DESCRIPTION

Located in the Medical District near the Midtown and Downtown districts. This location is zoned R-3C with no conditions, allowing for student housing, multi-family, townhomes and duplexes. No commercial use per current zoning. Highest & best use is student housing or multi-family. Already have a great connect for instant income for student housing. The property is steps away from the Medical College of Georgia and Augusta University Hospital, 2 minutes away from the Augusta Country Club, site of the Augusta National Golf tournament and is also surrounded by Midtown and Downtown. Come join in the expansion of the multi-family development movement in Augusta or perfect opportunity for the student housing developer. 2 new multi-family developments completed in the last 2 years and another one on the way. In addition to 1140 Druid Park Ave, the sale includes 7 land parcels 1142 Druid Park, 1726 McAnally St, 1139 Emmett St, 1137 Emmett St, 1135 Emmett St, 1133 Emmett St and 1131 Emmett St. The property is perfect for a small-scale garden style multi-family or mixed-use development. There is potential to assemble additional parcels surrounding the property.

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