Description
Exceptional Port-Adjacent Investment Opportunity | Savannah, GA. Rare opportunity to acquire a 0.68-acre commercial property directly across the street from the Port of Savannah, literally steps from Gate 1, the Port’s main terminal entrance off Bourne Avenue, and adjacent to the Port’s Human Resources & Benefits building on Main Street. Properties this close to the Port are extremely limited, making this a highly strategic acquisition for investors and owner-users. Located in Garden City, a business-friendly municipality, the property benefits from flexible zoning allowing a wide range of uses, including office, personal services, daycare, shared housing, warehouse or light industrial support, institutional uses, assisted living, medical centers, and more. The existing commercial building also offers potential conversion to additional multifamily units, providing excellent redevelopment or repositioning flexibility. The property includes a vacant 2,800 SF commercial building with covered storage, nine rooms, common areas, multiple bathrooms with showers, and two kitchens. The building is currently being marketed for lease at $5,500 per month, offering near-term income upside. Immediate in-place cash flow is generated from five occupied residential units, all on one-year leases: a quadplex producing $4,820/month and a separate 2-bedroom unit producing $1,500/month. A large parking area allows camper and trailer parking and generates approximately $300/month in additional income. Roofs and HVAC systems serving the residential units are less than four years old. This is a prime port-centric asset offering strong current income, flexible zoning, and exceptional upside in one of Savannah’s most supply-constrained locations.
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8BEDS
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0.68ACRES
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5BATHS
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01/2 BATHS
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6,080SQFT
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$152$/SQFT
School Ratings & Info
Description
Exceptional Port-Adjacent Investment Opportunity | Savannah, GA. Rare opportunity to acquire a 0.68-acre commercial property directly across the street from the Port of Savannah, literally steps from Gate 1, the Port’s main terminal entrance off Bourne Avenue, and adjacent to the Port’s Human Resources & Benefits building on Main Street. Properties this close to the Port are extremely limited, making this a highly strategic acquisition for investors and owner-users. Located in Garden City, a business-friendly municipality, the property benefits from flexible zoning allowing a wide range of uses, including office, personal services, daycare, shared housing, warehouse or light industrial support, institutional uses, assisted living, medical centers, and more. The existing commercial building also offers potential conversion to additional multifamily units, providing excellent redevelopment or repositioning flexibility. The property includes a vacant 2,800 SF commercial building with covered storage, nine rooms, common areas, multiple bathrooms with showers, and two kitchens. The building is currently being marketed for lease at $5,500 per month, offering near-term income upside. Immediate in-place cash flow is generated from five occupied residential units, all on one-year leases: a quadplex producing $4,820/month and a separate 2-bedroom unit producing $1,500/month. A large parking area allows camper and trailer parking and generates approximately $300/month in additional income. Roofs and HVAC systems serving the residential units are less than four years old. This is a prime port-centric asset offering strong current income, flexible zoning, and exceptional upside in one of Savannah’s most supply-constrained locations.
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