±2.76 Acres | 115 Key Hotel | For Sale or Lease

Highlights:

• Availability: Sale: $4,500,000 | GL: Unpriced
• Lot Size: 2.76 Acres
• Zoning: B-2
• Traffic Counts: 35,900 VPD | Washington Road
• Access: RI, RO | Potential for Signalized Access
• Traffic Drivers: I-20, Washington Road, Dunkin Starbucks

Description:

3026 Washington Road is a ±2.76-acre, B-2 zoned commercial site on the Washington Road corridor in Augusta, Georgia. The property is made up of two parcels: a ±2.44 acre parcel improved with the 115-room Super 8 by Wyndham, and a separately parceled ±0.32 acre restaurant space that shares a party wall with the hotel.

The hotel is a two-story, wood-frame, exterior-corridor building with ±56,903 SF of hospitality space plus the ±2,995 SF restaurant, for a total of ±59,898 SF. It opened in 1975, was renovated in 2009, and operates as an economy-class franchise under Wyndham Hotels & Resorts. Amenities include an outdoor pool, business center, and Wi-Fi, with 155 surface parking spaces (1.35 per room). The restaurant is fully built out with a commercial kitchen, dining room, and counter seating.

The site is available for sale in its entirety, subdivided, or for ground lease. There are multiple opportunities included in this property: acquire an operating hotel, redevelop a well-located parcel in an active retail corridor, or ground lease one of the strongest locations available in the corridor. Current access is right-in/right-out off Washington Road, and the nearest signalized intersection is 338 feet from the site.

Washington Road carries 35,900 vehicles per day, and the site sits within a dense concentration of national retailers and restaurants. It is 0.3 miles from I-20 and 1.8 miles from Augusta National Golf Club, home of the Masters Tournament. The Masters is a major driver of hospitality and retail demand throughout the Augusta market.

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