3270 Deans Bridge Rd - High Density Development Site 13.4 Acres of Commercial Land Offered at $900,000 in Augusta, GA 30906

This 13.4 acre parcel of undeveloped land has 966 ft of frontage on Deans Bridge Road. Site has obtained zoning approval for 135 townhome units. All utilities and DOT easements are in place and site is ready for development. Modification of entitlements could result in higher density if developer was to seek apartment use instead of fee simple townhomes. Asking price of under $7,000 per unit for just the dirt and approved drawings is substantially below market value. Location has seen substantial need for housing. The housing needs are due to the close proximity to Fort Eisenhower and Augusta Technical College, two of the area’s largest employers. This site is halfway in the middle of both employers. Rent growth in Augusta has increased dramatically the previous 2-5 years and is projected to continue to outpace other parts of the southeast in years to come.