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Pace Corners 1520 Gordon Hwy 76 Unit Apartment Building For Sale Augusta, GA 30906
Investment Highlights
- Less than 10 minutes from downtown Augusta and ±15 minutes from Fort Gordon, placing it in close proximity to the region’s primary employers
- With current occupancy at 85% and roughly $165 in monthly rental upside per unit
- Current ownership has completed a full redevelopment, with ±$3.5 million invested into transforming the asset
Executive Summary
Colliers is pleased to present Pace Corners, a 76-unit value-add opportunity located in Augusta, GA. The asset consists soley of studio apartments and is strategically positioned between Augusta’s major employers. Following a comprehensive renovation in Q1 2025, this asset offers investors the opportunity to acquire a repositioned asset
with a clear path to stabilization.Pace Corners is located in Georgia’s second-largest metro area,home to over half a million residents and supported by a diverse
employment base across the healthcare, military, and cybersecurity sectors. The property is less than 10 minutes from downtown Augusta and ±15 minutes from Fort Gordon, placing it in close proximity to theregion’s primary employers and positioning the asset for continued strong rental demand.Current ownership has completed a full redevelopment, with ±$3.5 million invested into transforming the asset. Unit interiors were fullyrebuilt with new kitchens, new appliances, contemporary finishes,
new plumbing, and new electrical systems. Exterior improvementsaddressed all major capital components, including roofing, HVAC, andoverall site improvements.
With current occupancy at 85% and roughly $165 in monthly rental upside per unit, investors have the opportunity to focus solely on operational execution to unlock significant NOI growth.Pace Corners offers a straightforward path to stabilization, giving investors the ability to step into a fully renovated asset and focus
on execution from day one.
with a clear path to stabilization.Pace Corners is located in Georgia’s second-largest metro area,home to over half a million residents and supported by a diverse
employment base across the healthcare, military, and cybersecurity sectors. The property is less than 10 minutes from downtown Augusta and ±15 minutes from Fort Gordon, placing it in close proximity to theregion’s primary employers and positioning the asset for continued strong rental demand.Current ownership has completed a full redevelopment, with ±$3.5 million invested into transforming the asset. Unit interiors were fullyrebuilt with new kitchens, new appliances, contemporary finishes,
new plumbing, and new electrical systems. Exterior improvementsaddressed all major capital components, including roofing, HVAC, andoverall site improvements.
With current occupancy at 85% and roughly $165 in monthly rental upside per unit, investors have the opportunity to focus solely on operational execution to unlock significant NOI growth.Pace Corners offers a straightforward path to stabilization, giving investors the ability to step into a fully renovated asset and focus
on execution from day one.
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Property Facts
| Sale Type | Investment | Lot Size | 2.90 AC |
| No. Units | 76 | Building Size | 38,000 SF |
| Property Type | Multifamily | Average Occupancy | 86% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2025 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | B-2 | ||
| Sale Type | Investment |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.90 AC |
| Building Size | 38,000 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2025 |
| Opportunity Zone |
Yes |
| Zoning | B-2 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Tub/Shower
- Wi-Fi
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Lounge
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 76 | - | 300 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0871120010 | Improvements Assessment | $1,523,457 |
| Land Assessment | $102,802 | Total Assessment | $1,626,259 |
Property Taxes
Parcel Number
0871120010
Land Assessment
$102,802
Improvements Assessment
$1,523,457
Total Assessment
$1,626,259
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Pace Corners | 1520 Gordon Hwy
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