302 Victory Dr Savannah, GA 31405-2258
- Retail space
- 2,700 SF
- 0.76 lot acres
Current Use by Public Records
- Gold Plugz Gold Teeth / Jewelry Store
- Constant Expansion Jiu Jitsu / MMA / Martial Arts Club
- Victory / Religious Institution
- Water of Life / Church
- Tramp Art Studios / Tattoo Shop / Body Piercing Shop
Property Details for 302 Victory Dr
- Year built
- 2012
- Lot size
- 0.76 lot acres
- Property size
- 2,700 SF
- Zone code
- BN
- Property type
- Retail space
- APN
- 2-0718 -04-001
- APU
- 2071804001
Description
This exceptional retail opportunity in Savannah's vibrant Starland District offers three prime lease spaces totaling 4,230 square feet of vacant space. Located at 302 W Victory Drive, this Class C property, built in 1948, benefits from high visibility and accessibility on a busy thoroughfare with approximately 20,000 vehicles passing daily. The property features two ground-level spaces and one second-level space, each with a minimum divisible size of 1,477 square feet. The spaces are ideal for businesses seeking high foot traffic, given their proximity to the SCAD Victory Village dormitory and the area's bustling mix of bars, restaurants, and shops. Eleven off-street parking spaces are available, supplemented by ample street parking. Further enhancing its appeal, the property boasts prominent pylon signage on Victory Drive, ensuring excellent brand visibility. The 0.32-acre lot provides a convenient and attractive location for retail ventures seeking a high-traffic, walkable area in Savannah, Georgia. The property is zoned for retail and office use, offering flexibility for a variety of businesses. This is a rare opportunity to secure a well-located retail space in a thriving Savannah neighborhood. The property's multiple tenancy allows for flexibility in lease terms and space configurations.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $510,000
- 6.5%
- $470,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $654,000
Market price range: $191k - $654k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $695,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $945,000 Change: +36% Conversion: Moderate
- MEDICAL BUILDING
- $940,000 Change: +36% Conversion: Difficult
- OFFICE BUILDING
- $820,000 Change: +18% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.143
- Latitude
- 32.0961
- CBSA code
- 42340
- CBSA name
- SAVANNAH, GA METROPOLITAN STATISTICAL AREA