Bankruptcy Sale - 184.5± Acre Planned Development

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 is 184.5± acres in North Augusta, SC (Augusta metro), with frontage on US 1 and Old Aiken Road. It’s undeveloped, but not unplanned. The 173.5-acre main parcel is zoned PUD A for a traditional neighborhood of single-family homes, townhomes and apartments. Six phases are master planned, and Phase 1 (89 lots) has preliminary plat approval and sealed construction plans. Surveys, a traffic study, Phase 1 stormwater coverage and a Corps-confirmed wetland delineation (about 4% of the land) are done, and a 24-inch North Augusta water line crosses the site. The seller assigns its rights in this work to the extent transferable. The property fronts Old Aiken Road (S-365) and Jefferson Davis Highway (US 1/US 78) in unincorporated Aiken County, at the edge of the City of North Augusta in the Augusta, GA-SC metro. Storm Branch Creek forms the northeast boundary. The site is 1.6 miles from I-520 (Palmetto Parkway) and 3.5 miles from downtown Augusta, and US 1/US 78 connects it to Aiken and Augusta. I-20 and Augusta Regional Airport also serve the area. 184.5± acres in two parcels: 173.5± ac zoned PUD A and 11± ac zoned UD Six-phase master plan (CES Group, 2022) Phase 1: 89 lots on 27.05 acres; preliminary plat approved 2022, extended to Dec. 31, 2026 PUD A zoning remains after Dec. 31, 2026 (Aiken County) Sealed Phase 1 construction plans, Phase 2A plans, PUD documents and traffic impact study; seller’s rights assigned to the extent transferable 3,109± ft frontage on Old Aiken Road and 671± ft on Jefferson Davis Highway (US 1/US 78) 1.6 miles to I-520; 3.5 miles to downtown Augusta Flood Zone X, outside the 100-year floodplain U.S. Army Corps wetland delineation concurrence, 2021 (about 4% of the site) 24-inch City of North Augusta water line crosses the site US 1 traffic count of 21,900 vehicles per day (SCDOT 2021) No HOA or covenants established Bankruptcy court sale, free and clear; bids due 12/8/2026, auction 12/16/2026 by Zoom or in person