Savannah Live-Work Commercial
2203 Skidaway Road, Savannah, GA 31404
MULTI_FAMILY - Other - Savannah, GA
Property size:
2,952 SFLot size:
0.18 AcresPrice / SF:
$220/SF- Added:
- Nov 10, 2025
- Days on Market:
- 197
- Last Refresh:
- May 26 at 1:06 am
Property Features for 2203 Skidaway Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-N
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3
- Parking features
- Off Street
- Appliances
- No Hot Water, Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 20079 15001
- Size
- 2,952 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- S W PT LT 61 BOULEVARD PK
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1946
- Floors in Building
- 1
- Flooring type
- Concrete, Tile
- Building materials
- Block
- Architectural style
- Other
Listing agent Jessica L. Kelly License #270287 (912) 441-9101
Listing office Engel & Volkers 1650 E Victory Drive, Savannah, GA (912) 238-0874
Listing date Nov 10, 2025
MLS# SA343522
Listing URL
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.
HighLights
- High‑traffic location: Just 1800 feet from the Skidaway Road and Victory Drive intersection.
- Commercial and Residential Package: Features a 2,160 sq ft commercial building and a 792 sq ft residential cottage.
- Flexible B‑N Zoning: Allows for diverse business uses such as retail, restaurant, office, and daycare.
- Income Potential: Utilize the cottage as an owner's residence, rental property, or on‑site office.
- Paved Parking: Commercial building includes a paved parking lot with 8+ customer spaces.
- Proximity to National Retailers: Conveniently located near Starbucks, Chick‑fil‑A, Whole Foods, and more.
Overview
This offering presents a unique commercial and residential package opportunity, featuring live-work potential. Located approximately 1800 feet from the intersection of Skidaway Road and Victory Drive, the property includes a 2,160 square foot commercial building ready for interior build-out to suit various business needs. Zoned B-N (Neighborhood Business District), the property allows for a variety of uses including retail, restaurant, office, daycare, and animal hospital. The commercial site offers visibility, a paved parking lot with 8 or more customer spaces, and walkable proximity to area businesses and residential neighborhoods. The package includes an adjacent 792 square foot raised cottage with 2 bedrooms and 1 bathroom, suitable for an owner or manager's residence, rental income, or on-site office. The cottage features additional carport covered parking, alley access, and storage beneath. Nearby businesses include Starbucks, Chick-fil-A, Whole Foods, Target, Home Depot, Walgreens, CVS and a movie theater. The lot size is 0.184 acres. The properties must be sold together. The property is located in Savannah, GA 31404.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$460.3K
NOI $41,426 @ 9.00% cap · cautious / downside scenario
Moderate
$591.8K
NOI $41,426 @ 7.00% cap · market / base-case scenario
Aggressive
$828.5K
NOI $41,426 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.4k | $19.80 |
| − Vacancy | −$3.2k | −$1.09 |
| EGI | $55.2k | $18.71 |
| − OpEx | −$13.8k | −$4.68 |
| NOI | $41.4k | $14.03 |
2,952 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$591.8K
$517.8K – $690.4K
NOI $41,426 @ 7.0% cap · market cap 6.37%
Second Best
Office B
$586.3K
$513.0K – $684.0K
NOI $41,041 @ 7.0% cap · market cap 6.31%
Theoretical Best
Warehouse
$2.76M
$2.41M – $3.22M
NOI $193,118 @ 7.0% cap · market cap 29.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.064276
- Latitude
- 32.04599
Nearby Similar for Sale
FAQs
What type of property is this?
Live-work space - Commercial building with residential cottage near high-traffic area.
Where is this live-work space located?
The property is located at 2203 Skidaway Road Savannah, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High‑traffic location: Just 1800 feet from the Skidaway Road and Victory Drive intersection.; Commercial and Residential Package: Features a 2,160 sq ft commercial building and a 792 sq ft residential cottage.; Flexible B‑N Zoning: Allows for diverse business uses such as retail, restaurant, office, and daycare.
