The building is a one-story retail/office building constructed in 1970 and renovated in 2022. It has 22 spaces which equates to 3.19 spaces/1,000 sq. ft. There are 6 units in the building and all are leased. The foundation is slab, framing is masonry, and the exterior walls are block and stucco. Each unit has a retail storefront-sized glass window. The roof is flat and comprised of a rubber membrane. Floors are LVP; tile, and sealed concrete. Walls are gypsum and the ceilings are either exposed or covered with acoustic ceiling tiles. Road Access/Utilities a The site is accessed via either E. 72nd St. or Sutlive St and all utilities are to the building. Opportunity a This is a great opportunity to acquire a cash-flowing asset with solid leases in place at a 7.8% cap rate.
MLS# | 10211976 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1970 |
Days On Site | 464 |
Listing Provided By | Parker Scott Properties | Michelle Parker |
SQ Feet | 6,900 |
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Zoning | Commercial Business |
Acreage | 0.38 |
State | GA |
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County | Chatham |
City | Savannah |
Zip Code | 31405 |
Listing VS Median (in 31405) | |
Price: $1,848,000 low | high Med: $389,900 SqFt: 6,900 low | high Med: 2,832 $ / SqFt: $268 low | high Med: $138 On Site: 464 low | high Med: 177.000000 |