Brick Retail Building with Separate
For Sale
$350,000
153 Main Street, Savannah, GA 31408
SINGLE_FAMILY - Bungalow - Savannah, GA
Property Size980 SF
Lot Size0.30 Acres
Price / SF$357.14
Days on Market174
Property Features for 153 Main Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
C1
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1
Accessibility
Accessible Approach with Ramp
Appliances
Electric Water Heater
Directions
West on Highway 21 turn on Brampton Road and then left on Main Street. Property across from fire department
Standard status
Active
APN
6001005001
Size
980 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT OF TCT 1 RESUB OF 35 IND CITY GDNS
Tax Annual Amount
1801
Legal Description
PT OF TCT 1 RESUB OF 35 IND CITY GDNS
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump, Electric, Window Unit(s)
Water source
Public
Building Details
Year built
1947
Floors in Building
1
Flooring type
Vinyl, Carpet
Building materials
Brick
Roof type
Asphalt
Architectural style
Bungalow
Listing Agency:
Mitchell & Associates Inc REAL
(912) 232-0000
Listed By:
Vicki C. Mitchell · License #11575
(912) 572-7223
Added: Feb 6
Changed: Jul 29
Last Checked: Jul 30 at 5:06PM
MLS# SA348570
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 brick building was used as a hairdresser shop for 40 years and is being offered for sale as-is. The property includes an approximately 400 square foot garage with its own separate meter, which the listing notes may support additional income opportunities.
The site offers plenty of parking and is located across the street from the Georgia Ports Authority. Zoning is listed as C1.
The seller is offering the property in its current condition, with no further details provided regarding interior updates or the operation of utilities beyond the separate-meter arrangement for the garage.
The site offers plenty of parking and is located across the street from the Georgia Ports Authority. Zoning is listed as C1.
The seller is offering the property in its current condition, with no further details provided regarding interior updates or the operation of utilities beyond the separate-meter arrangement for the garage.
Key Highlights
- Brick bungalow built in 1947 with public water and public sewer
- Uses electric water heater; heating includes electric heat and a heat pump
- Cooling includes a heat pump, electric cooling, and window unit(s)
Financial Insights For Retail
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 | $17.1k | $17.40 |
| − Vacancy | −$1.2k | −$1.18 |
| EGI | $15.9k | $16.22 |
| − OpEx | −$4.8k | −$4.87 |
| NOI | $11.1k | $11.35 |
980 SF · lease $17.40/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$158.9K
$139.1K – $185.4K
NOI $11,125 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$137.7K
$120.5K – $160.6K
NOI $9,636 @ 7.0% cap · market cap 2.75%
Theoretical Best
Warehouse
$915.9K
$801.4K – $1.07M
NOI $64,111 @ 7.0% cap · market cap 18.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 20%
Apparel 18%
Dollar Tree
Shops & Services
9,005 visits/mo
0.3 miles
Roses Discount Store
Shops & Services
7,231 visits/mo
0.3 miles
Arby's
Dining
6,409 visits/mo
0.2 miles
Citi Trends
Apparel
5,998 visits/mo
0.3 miles
AutoZone
Shops & Services
3,515 visits/mo
0.2 miles
Demographics for 31408, GA
11,790
Population
4,529
Households
2.6
Avg Household Size
36
Median Age
13%
College-Educated
82%
High-School Grad
21.1 sq mi
ZIP Area
559
Density / Sq Mi
$40,109
Median Household Income
$30,667
Median Earnings
$1,080
Median Rent
$160,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Brick building previously operated as a hairdresser shop, with a separate-meter 400 sq. ft. garage and ample parking.
Where is this retail space located?
The property is located at 153 Main Street Savannah, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Brick bungalow built in 1947 with public water and public sewer; Uses electric water heater; heating includes electric heat and a heat pump; Cooling includes a heat pump, electric cooling, and window unit(s)
