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Tract A = 92.9 Development Acres

North Augusta, SC, 29841

$8,000,000

Sale Price

Property 1
For Sale
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Property Details

Sale Price$8,000,000
Property TypeLand

Property Description

This is a unique opportunity to act as master-developer for a PUD at the intersection of I-520 near I-20 in North Augusta (within City Limits of North Augusta and in Aiken County) SC. A national homebuilder has partnered with the current owner, on 970+acres for the residential buildout, which will total over 3,000 homes once complete. Meybohm Commercial & Wakefield Group are marketing the remaining 362 acres of entitled commercial/mixed-use property, which includes all 4 quadrants of an interstate interchange off I-520. The Development has been called "Highland Springs" for years, but the name will be changed upon completion of NVR’s branding study. The existing entitlements allow for a myriad of uses across the 362 acres, from light-industrial to heavy commercial, retail, town center, and some multi-family. To date we have received inquiries from big-box retail developers, a charter school operator, industrial developers, and convenience/retail developers. Tract A: 92.9 acres in the SW quadrant of the I-520 intersection with access on the connector and Hwy-25. This tract also has connectivity to the Palmetto Parkway Trail, which is a walking/biking trail that spans from this property to the riverfront development, Hammond’s Ferry. This site is entitled for up to 1.6 million square feet of light industrial, retail, healthcare, QSR, hospitality, education and up to 50 acres of rental-residential. Approximately 60% of site will gravity to a lift station to be installed on Tract B. The homebuilder, NVR/Ryan Homes, has not released its brochure or website on this master-planned community yet, but they are planning to develop up to nine distinct neighborhoods/enclaves within the development with prices ranging from high 200s to over $1 million.

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Travis Reed

Travis Reed

VP, Associate Broker CCIM

Interested in This Property.

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