Palmetto Parkway @ I-520, North Augusta SC
Tract C = 248.5 Development Acres
Marketing description
This is a unique opportunity to act as master-developer for a PUD at the intersection of I-520 and 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 C: 248.5 acres that spans all land to the east of the connector. This parcel will serve as the main entrance into the residential development and is entitled for all of the above uses, as well as big-box retail and “village-center” zoning, whereby “residential over retail” is encouraged. This site will need a single temporary lift station installed to pump into an existing force main located east of the property along Whitehall Road. Includes TMS #s: 011-12-04-001 & 022-09-17-001
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.
Investment highlights
Located at the intersection of Palmetto Parkway (I-520) and Ascauga Lake Road, North Augusta, SC, Tract C = 248.5 Development Acres holds immense promise for future development. This area offers convenient access to major transportation routes, fostering seamless connectivity to nearby cities and markets. With its proximity to the North Augusta business district and the renowned Riverside Village, the location presents an attractive opportunity for land and other investors. The growing presence of retail, dining, and entertainment options nearby further enhances the appeal of the area, ensuring a vibrant and dynamic environment for potential investment. The land is just south of I-20. The north end starts at Ascauga Lake Road and runs along the east side of I-520 with Whitehall Road on the west side, in North Augusta SC. Six Miles from the GA state line.
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