Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    422 W 43Rd St Savannah, GA 31401

    Sponsored
    For Sale
    $895,000

    Commercial Sale, Victorian - Savannah, GA

    Type:Office
    Property size:
    2,800 SF
    Lot size:
    0.19 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 23 at 10:06 pm

    Property Features for 422 W 43Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    2007418011
    Parking
    6
    Interior features
    High Ceilings
    Appliances
    Range, Refrigerator
    Size
    2,800 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Heat Pump

    Building Details

    Year built
    1920
    Floors in Building
    2
    Flooring type
    Hardwood
    Roof type
    Composition
    Architectural style
    Victorian

    We can help!

    Listing Contact
    Shane P. Litts

    Engel & Völkers Savannah

    Listing agent Shane P. Litts (912) 238-0874

    Listing date Jan 21, 2026

    MLS# SA347028 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.

    Learn more

    Property Insight Report

    Overview

    Savannah Mixed-Use Commercial Property

    Located in Savannah's Streetcar District, 422 W 43rd Street is a two-story building with approximately 2,800 square feet of space. The property is zoned TC-1 (Traditional Commercial), offering flexibility for various commercial uses, including restaurant, cafe, professional office, retail, service businesses, and short-term vacation rental, subject to city requirements. Currently configured as a mixed office/residential layout, the property is fully zoned for commercial use. Situated on a corner lot with frontage on W 43rd Street and Martin Luther King Jr. Boulevard, the property benefits from visibility and convenient access. Additional features include a gated rear courtyard and six off-street parking spaces. The property is located adjacent to The Jardin, a new mixed-use development under construction that will add residential density and ground-floor commercial space. The lot size is 0.186 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Third Space Collective Book Store House Of DANIETTÉ Fashion Designer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.10678099
    Latitude
    32.05411397

    Nearby Similar for Sale

    • $925,000
      2,472 SF

      Updated Home in Baldwin Park

      Updated 1924 home with carriage house in desirable neighborhood.
      743 E 40Th St, Savannah, GA 31401
      View Details
    • $999,900
      3,708 SF

      Victorian District Commercial Opportunity

      Two-level property in Savannah's Victorian District, suitable for commercial use.
      420 E Bolton St, Savannah, GA 31401
      View Details
    • New
      $899,900
      0.06 Acres

      Savannah Historic District STVR Opportunity

      Historic Savannah property with short-term rental potential near downtown.
      209 E Duffy St E, Savannah, GA 31401
      View Details
    • New
      $899,900
      0.06 Acres

      Savannah Duplex in Victorian District

      Income-producing duplex near Forsyth Park, SCAD, and downtown Savannah.
      209 E Duffy St, Savannah, GA 31401
      View Details
    • $10,000,000
      9,300 SF

      Historic Savannah Cotton Exchange Building

      Iconic 9,300 SF building in Savannah's Historic Landmark District.
      100 E Bay St, Savannah, GA 31401
      View Details
    • $537,000
      2,004 SF

      Renovated Savannah Home with Cottage

      Renovated home with rental cottage near downtown and beach.
      856 E 35Th St, Savannah, GA 31401
      View Details
    • New
      $950,000
      1,782 SF

      Iconic Starland Victorian For Sale

      Landmark Victorian in Savannah's vibrant Starland neighborhood, offering diverse potential.
      11 E 41St St, Savannah, GA 31401
      View Details
    • $650,000
      2,952 SF

      Commercial and Residential Package Opportunity

      Live-work property near Skidaway Road and Victory Drive intersection.
      2203 Skidaway Rd, Savannah, GA 31404
      View Details
    • $650,000
      2,952 SF

      Savannah Mixed-Use Investment Opportunity

      Commercial building and residential cottage near high-traffic area.
      2203 Skidaway Rd, Savannah, GA 31404
      View Details
    • $1,299,000
      6,895 SF

      Victorian Mixed-Use Property Near Forsyth

      Historic Savannah property with mixed-use zoning and development potential.
      808 Drayton St, Savannah, GA 31401
      View Details
    • $1,299,000
      0.12 Acres

      Victorian Mixed-Use Property Near Forsyth

      Historic Savannah property with mixed-use zoning and development potential.
      808 Drayton St, Savannah, GA 31401
      View Details
    • $485,000
      1,925 SF

      Savannah Office Bungalow For Sale

      Office-zoned bungalow with flexible layout and expansion potential.
      112 E De Renne Ave, Savannah, GA 31405
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - TC-1 zoned property in Savannah's Streetcar District with flexible uses.
    Where is this mixed-use property located?
    The property is located at 422 W 43Rd St Savannah, GA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - TC-1 Zoning allows for a wide range of commercial uses (restaurant, retail, office, STR) offering exceptional flexibility.; - Seller financing available.; - Rare off-street parking with six spaces in the Streetcar District.
    (912) 238-0874
    Request Owner's contact information
    422 W 43Rd St Savannah, GA 31401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    422 W 43Rd St
    Savannah, GA 31401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    422 W 43Rd St Savannah, GA 31401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shane P. Litts
    (912) 238-0874
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.