Savannah Retail Shopping Center For
302 W Victory Drive Savannah, GA 31405
302 W Victory Drive, Savannah, GA, 31405
$3,200,000
For Sale
$3,200,000
COMMERCIAL - Savannah, GA
Property Size11,543 SF
Lot Size0.27 Acres
Price / SF$277.22
Days on Market63
Property Features for 302 W Victory Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot, On Street
- Standard status
- Active
- APN
- 20074 21014
- Size
- 11,543 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 24
- Tax Annual Amount
- 18654
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1948
- Building materials
- Stucco
Listing agency
Parker Scott Properties
(912) 897-6320
Listed by
Michelle Parker · License #276851
(912) 604-1197
Added: May 21 Updated: Jun 4 at 1:50AM Checked: Jul 22 at 6:06PM
MLS# 10769227
Copyright © 2026 Georgia Multiple Listing Service. 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 shopping center features seven retail units located on Victory Drive in Savannah's Starland District, an area known for its bars, restaurants, and boutique shopping. The location benefits from consistent foot traffic and approximately 20,000 vehicles passing daily. The Savannah College of Art and Design Victory Village dormitory complex is located directly across the street. The property includes a mix of ground-level and second-level spaces, providing flexibility for various uses. The property has 11 off-street parking spaces, additional street parking, and pylon signage along Victory Drive. The property is situated in an active and growing corridor. The building is 11,543 square feet in size and sits on a 0.265-acre lot. The property generates $224,000 annually.
Key Highlights
- Shopping center with 7 retail units for sale on Victory Drive in Savannah’s Starland District
- Approximately 20,000 vehicles pass daily along Victory Drive; prominent pylon signage on‑site
- 11 off‑street parking spaces plus additional on‑street parking
Local 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 | $200.8k | $17.40 |
| − Vacancy | −$13.7k | −$1.18 |
| EGI | $187.2k | $16.22 |
| − OpEx | −$56.2k | −$4.87 |
| NOI | $131.0k | $11.35 |
11,543 SF · lease $17.40/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.18M
NOI $131,033 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$10.79M
$9.44M – $12.59M
NOI $755,138 @ 7.0% cap · market cap 23.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gold Plugz Gold ...
(Bike/Boat/Book/etc) Store
Constant Expansion Jiu ...
Gym & Fitness Center
Victory
Church
Water of Life
Church
Tramp Art Studios
Tattoo & Piercing Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Threads and Things — 3123 Bull St, Savannah, GA 31405
- danyettas-style.myshopify.com — 3710 hopkins st, savannah, ga 31405
FAQs
What type of property is this?
Shopping center - Retail units in Savannah's Starland District with high foot traffic.
Where is this shopping center located?
The property is located at 302 W Victory Drive Savannah, GA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Shopping center with 7 retail units for sale on Victory Drive in Savannah’s Starland District; Approximately 20,000 vehicles pass daily along Victory Drive; prominent pylon signage on‑site; 11 off‑street parking spaces plus additional on‑street parking
