1001 Old Aiken Rd, North Augusta, SC 29841

Description

APPRAISED AT $9.1 MILLION, NOW OFFERED IN A BANKRUPTCY BID SALE. Appraised at $9,100,000 in April 2024 (the 173.5-acre parcel alone). The full 184.5± acres now sell to the highest or best qualified bid in a court-supervised Chapter 11 sale. The price shown is not an asking price, reserve or minimum bid. Bidders set the price.

Weeping Willows: planned residential land in North Augusta, SC, in the growing Augusta, GA-SC metro. Undeveloped, but not unplanned. The metro needs more than 17,350 new homes by 2030 and must build 43% faster than it does today to keep up with 16,256 new jobs (2025 regional housing study), anchored by Fort Eisenhower, home of U.S. Army Cyber Command, and the Savannah River Site. North Augusta grew 10.5% from 2020 to 2025, more than twice the metro's pace.

THE PROPERTY: Two parcels sold together. 013-12-01-001: 173.50± acres, zoned PUD A. 013-12-01-002: 11.00± acres, zoned UD, with an 1850 farmhouse and a storage building. About 3,109 feet of frontage on Old Aiken Rd and 671 feet on US 1/US 78 (about 21,900 vehicles a day, SCDOT 2021). 1.6 miles to I-520 and 3.5 miles to downtown Augusta. Flood Zone X. A 24-inch City of North Augusta water line crosses the site.

THE WORK ALREADY DONE: Zoned PUD A, which Aiken County Planning has confirmed will remain in place. The approved PUD plan calls for single-family homes, townhomes and apartments, with an amenity center, parks and trails. Six-phase master plan by CES Group (2022); part of Phase VI as drawn sits on an adjoining parcel not in this sale. Phase 1 preliminary plat approved for 89 lots on 27.05 acres, with sealed construction plans; clearing and grading began on Phase 1 in 2023. Phase 2A construction plans (2023). Four 2022 Phase 1 site-work bids from $3.57 million to $5.45 million. Boundary and topographic survey and recorded boundary plat. Army Corps wetland delineation concurrence; wetlands and waters total about 4% of the land. Traffic impact study. Phase 1 NPDES stormwater coverage. Phase I Environmental Site Assessment. Sewer planned through the City of North Augusta and the Valley Public Service Authority, with a recorded annexation agreement. The seller assigns its rights, if any, in these items to the extent each can be transferred; reusing engineering plans generally takes the engineer's permission. The current PUD plan and Phase 1 plat approvals expire December 31, 2026; a new owner would submit its own PUD documents for Planning Commission approval, with no rezoning needed. Ask the listing agent for details.

SALE PROCESS: Case No. 26-00077-ELG, U.S. Bankruptcy Court for the District of Columbia, offered free and clear subject to court approval. Qualified bids due Tuesday, December 8, 2026, at 6:00 PM ET, with a 10% good faith deposit and proof of funds. Auction, held only if two or more qualified bids are received: Wednesday, December 16, 2026, at 2:00 PM ET, by Zoom, or in person at the E. Barrett Prettyman U.S. Courthouse, 333 Constitution Avenue NW, Washington, DC 20001. Auction conducted by the U.S. Bankruptcy Court for the District of Columbia, Judge Elizabeth L. Gunn, sitting as auctioneer (Bid Procedures ¶21); no auctioneer license applies. Outside closing January 7, 2027. Sold as is, with no inspection, financing or appraisal contingencies. A bankruptcy sale can look complicated at first glance. It does not have to be. The listing agent will walk any buyer through each step, the timeline and what a complete qualified bid must include.