Freestanding Creative Retail
2506 Barnard Street Savannah, GA 31401
2506 Barnard Street, Savannah, GA, 31401
$1,088,000
For Sale
$1,088,000
SINGLE_FAMILY - Savannah, GA
Property Size2,729 SF
Lot Size0.12 Acres
Price / SF$398.68
Days on Market1226
Property Features for 2506 Barnard Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- RIP
- Security features
- Security System
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 2007406012
- Size
- 2,729 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- K & L SUB 61 SOLOMON WD
- Tax Annual Amount
- 2789
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Building materials
- Brick, Block
Listing agency
Parker Scott Properties
(912) 897-6320
Listed by
Michelle Parker · License #276851
(912) 604-1197
Added: Mar 15, 2023 Updated: Jul 8 at 8:57PM Checked: Jul 22 at 4:06PM
MLS# SA285485
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 freestanding commercial building offers a spacious, room-based layout designed for flexible use. The property includes a space previously used as a recording studio, which may support professional services and multimedia-related concepts. A new roof has been recently installed, and the building is supported by off-street parking.
Located in Savannah’s Streetcar District, the setting is described as walkable and well-traveled, with a mix of dining, art, retail, residential, and SCAD housing. The listing notes proximity to Starland Yard and easy access to Forsyth Park.
With zoning listed as RIP, the building can be considered for a range of neighborhood-oriented uses. The combination of multiple rooms, dedicated parking, and a creative/production-ready component may appeal to owners looking for a central presence in a creative, mixed-use environment. It is available for sale (and is also marketed for lease), giving buyers and operators a straightforward path to evaluate layout fit and use planning.
Located in Savannah’s Streetcar District, the setting is described as walkable and well-traveled, with a mix of dining, art, retail, residential, and SCAD housing. The listing notes proximity to Starland Yard and easy access to Forsyth Park.
With zoning listed as RIP, the building can be considered for a range of neighborhood-oriented uses. The combination of multiple rooms, dedicated parking, and a creative/production-ready component may appeal to owners looking for a central presence in a creative, mixed-use environment. It is available for sale (and is also marketed for lease), giving buyers and operators a straightforward path to evaluate layout fit and use planning.
Key Highlights
- Freestanding commercial building with brick and block construction
- New roof recently installed
- Zoned TN‑2 with a wide range of allowed uses, including retail/cafe, veterinary or wellness clinic, creative studio, and multi‑family development
Local Financial Insights For Specialty 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 | $54.0k | $19.80 |
| − Vacancy | −$3.0k | −$1.09 |
| EGI | $51.1k | $18.71 |
| − OpEx | −$12.8k | −$4.68 |
| NOI | $38.3k | $14.03 |
2,729 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$547.1K
$478.7K – $638.3K
NOI $38,297 @ 7.0% cap · market cap 3.52%
Second Best
Office B
$542.0K
$474.3K – $632.4K
NOI $37,941 @ 7.0% cap · market cap 3.49%
Theoretical Best
Warehouse
$2.55M
$2.23M – $2.98M
NOI $178,530 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Audio Visual Repairs ...
Electrical Service
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding building with a room-rich layout, off-street parking, and a recently installed roof in a walkable Savannah district.
Where is this retail space located?
The property is located at 2506 Barnard Street Savannah, GA.
What is the asking price?
The asking price for this property is $1,088,000.
What are key features of this property?
This property features: Freestanding commercial building with brick and block construction; New roof recently installed; Zoned TN‑2 with a wide range of allowed uses, including retail/cafe, veterinary or wellness clinic, creative studio, and multi‑family development
