Commercial and Residential Package
2203 Skidaway Road, Savannah, GA 31404
New Traditional, Commercial Sale - Savannah, GA
Type:Retail
Property size:
2,952 SFLot size:
0.18 AcresPrice / SF:
$220/SF- Added:
- Jan 27, 2026
- Days on Market:
- 109
- Last Refresh:
- May 16 at 3:06 am
Property Features for 2203 Skidaway Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Commercial
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
- Parking
- 10
- Interior features
- High Ceilings
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 20079 15001
- Size
- 2,952 SF
- Lot size
- 0.18 Acres
Utilities
- Heating system
- Central, None (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1946
- Flooring type
- Concrete, Tile
- Architectural style
- New Traditional
Listing agent Jessica L. Kelly
Listing office Engel & Völkers Savannah 1650 East Victory Drive, Savannah, GA (912) 238-0874
Listing date Jan 27, 2026
MLS# SA343049
Listing URL
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime Commercial Location: Just 1800 feet from the high‑traffic intersection of Skidaway Road and Victory Drive.
- Versatile B‑N Zoning: Allows for retail, restaurant, office, daycare, and even an animal hospital.
- Live‑Work Opportunity: Includes a 2,160 sq ft commercial building and a 792 sq ft residential cottage (2BR/1BA).
- Ample Parking: Paved parking lot with 8+ customer spaces for the commercial building. Carport for the cottage.
- Income Potential: Use the cottage as an owner's residence, rental property, or on‑site office.
- Proximity to Major Retailers: Located near Starbucks, Chick‑fil‑A, Whole Foods and more.
Overview
This offering presents a commercial and residential package with live-work potential, situated 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 features visibility, a paved parking lot with 8+ customer spaces, and walkable proximity to area businesses and residential neighborhoods. The offering 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 property consists of two properties and two pins and must be sold together. The lot size is 0.184 acres.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$456.0K
NOI $41,041 @ 9.00% cap · cautious / downside scenario
Moderate
$586.3K
NOI $41,041 @ 7.00% cap · market / base-case scenario
Aggressive
$820.8K
NOI $41,041 @ 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 Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.5k | $22.20 |
| − Vacancy | −$10.8k | −$3.66 |
| EGI | $54.7k | $18.54 |
| − OpEx | −$13.7k | −$4.63 |
| NOI | $41.0k | $13.90 |
2,952 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$586.3K
$513.0K – $684.0K
NOI $41,041 @ 7.0% cap · market cap 6.31%
Second Best
Retail
$478.7K
$418.9K – $558.5K
NOI $33,510 @ 7.0% cap · market cap 5.16%
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
Insight Report
Location Intelligence
Current Use by Public Records
Live-work space
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.064248
- Latitude
- 32.045915
Nearby Similar for Sale
FAQs
What type of property is this?
Live-work space - Live-work property near Skidaway Road and Victory Drive intersection.
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: Prime Commercial Location: Just 1800 feet from the high‑traffic intersection of Skidaway Road and Victory Drive.; Versatile B‑N Zoning: Allows for retail, restaurant, office, daycare, and even an animal hospital.; Live‑Work Opportunity: Includes a 2,160 sq ft commercial building and a 792 sq ft residential cottage (2BR/1BA).
