Savannah Historic District Mixed-Use
1014 Abercorn Street Savannah, GA 31401
For Sale
$1,295,000
SINGLE_FAMILY - Other - Savannah, GA
Property Size3,040 SF
Lot Size0.04 Acres
Price / SF$425.99
Days on Market220
Property Features for 1014 Abercorn Street
General Information
Property type
Residential
Property subtype
Office
Zoning
TC-1
Bedrooms
5
Bathrooms
3
Rooms
Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2
Appliances
Some Gas Appliances, Dishwasher, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
Standard status
Active
APN
2004427012
Size
3,040 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
NW PT LOT 18 WHITE WD PRB 39P 90,91
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Building materials
Brick
Roof type
Rubber, Rolled Hot Mop
Architectural style
Other
Listing Agency:
Savannah Real Estate Company
(912) 335-5357
Listed By:
Summer Freeman · License #351981
(912) 344-8445
Added: Dec 20, 2025
Changed: Jul 8
Last Checked: Jul 28 at 7:06AM
MLS# SA345494
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3040 square foot mixed-use property, located in Savannah's Historic District, is currently operating as a high-performing short-term vacation rental generating over $130,000 annually. Zoned TC-1, the property is configured as a 5-bedroom, 3-bathroom unit by combining two distinct units, featuring two full kitchens and two separate living rooms. This layout is suitable for large groups, multi-family stays, or flexible occupancy. The ground-level unit is approved for retail or commercial use under TC-1 zoning and can be converted into a boutique, office, cafe, gallery, studio, or service-oriented business. The upper level remains residential, offering the option to live in one unit and rent the other, or create a work/live combination. The TC-1 zoning supports a range of commercial, office, service, and residential uses. Potential uses include continuing its operation as a short-term vacation rental, separating the units for multiple income streams, owner-occupying one level while leasing the other, or repositioning the property as a mixed-use asset with commercial revenue below and residential living or rental income above. The property is located in a walkable area surrounded by architecture, shopping, dining, cultural landmarks, and downtown amenities. The lot size is 0.039 acres.
Key Highlights
- 3040 SF, TC‑1 zoned mixed‑use property in Savannah’s Historic District
- Currently generates $130,000+ annual income as a short‑term vacation rental
- Configured as 5BR/3BA by combining two distinct units (two full kitchens and two separate living rooms)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.5k | $22.20 |
| − Vacancy | −$11.1k | −$3.66 |
| EGI | $56.4k | $18.54 |
| − OpEx | −$14.1k | −$4.63 |
| NOI | $42.3k | $13.90 |
3,040 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$603.8K
$528.3K – $704.4K
NOI $42,264 @ 7.0% cap · market cap 3.26%
Second Best
Retail
$493.0K
$431.4K – $575.2K
NOI $34,509 @ 7.0% cap · market cap 2.66%
Theoretical Best
Warehouse
$2.84M
$2.49M – $3.31M
NOI $198,875 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - High-income mixed-use property in Savannah's Historic District.
Where is this mixed-use property located?
The property is located at 1014 Abercorn Street Savannah, GA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 3040 SF, TC‑1 zoned mixed‑use property in Savannah’s Historic District; Currently generates $130,000+ annual income as a short‑term vacation rental; Configured as 5BR/3BA by combining two distinct units (two full kitchens and two separate living rooms)
