Savannah Commercial Investment
5204 Waters Avenue Savannah, GA 31404
5204 Waters Avenue, Savannah, GA, 31404
$735,000
Pending
For Sale
$735,000
Pending
SINGLE_FAMILY - Savannah, GA
Property Size5,266 SF
Lot Size0.44 Acres
Days on Market71
Property Features for 5204 Waters Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- BN
- Parking
- 10
- Appliances
- Electric Water Heater
- Standard status
- Pending
- APN
- 2011405015
- Size
- 5,266 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 70, 71, 72 AND 73 BEVILL WA RD SOUTH GARDENS
- Tax Annual Amount
- 4898
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Building materials
- Brick, Block
Listing Agency
Frank Moore & Company, LLC
(912) 920-8560
409 Montgomery Xrds, Ste 4A, Savannah, GA
Listed by
Maranda L. Alford · License #441350
(912) 856-7734
Added: May 8 Checked: Jul 17 at 3:06 am
MLS# SA355098
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 commercial real estate offering features two commercially zoned parcels totaling approximately 0.4361 acres. The parcels are strategically positioned just off Waters Avenue, in close proximity to Memorial Health University Medical Center. The front parcel at 5204 Waters Avenue offers over 100ft of road frontage and visibility. The adjoining parcel at 1104 E. 67th Street provides additional space for expansion, development, or support use. The front property is a durable build featuring an all-brick exterior on all sides with a solid concrete rear exterior. The combined layout presents a versatile opportunity for investors, developers, or owner-users seeking a well-located commercial footprint. There is a Lamar sign on the property at 5204 Waters Avenue that generates $400 per month with over 7 years remaining in the contract. Surrounded by established retail, medical, and residential areas, this property benefits from steady traffic flow and continued area growth. The 5,266 square feet property is ideal for a variety of commercial uses. Sale includes both parcels: 5204 Waters Avenue and 1104 E. 67th Street. Parcels are being sold together as a package and will not be sold separately.
Key Highlights
- Two commercially zoned parcels sold together: 5204 Waters Avenue and 1104 E. 67th Street, totaling approx. 0.4361 acres
- 5204 Waters Avenue offers approx. 100+ ft of road frontage and features an all‑brick exterior on all sides with a solid concrete rear exterior
- Lamar sign on 5204 Waters Avenue generates $400/month with over 7 years remaining in the contract
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 | $91.6k | $17.40 |
| − Vacancy | −$6.2k | −$1.18 |
| EGI | $85.4k | $16.22 |
| − OpEx | −$25.6k | −$4.87 |
| NOI | $59.8k | $11.35 |
5,266 SF · lease $17.40/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$854.0K
$747.2K – $996.3K
NOI $59,778 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.92M
$4.31M – $5.74M
NOI $344,499 @ 7.0% cap · market cap 46.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two commercially zoned parcels totaling 0.4361 acres in Savannah, GA.
Where is this retail space located?
The property is located at 5204 Waters Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Two commercially zoned parcels sold together: 5204 Waters Avenue and 1104 E. 67th Street, totaling approx. 0.4361 acres; 5204 Waters Avenue offers approx. 100+ ft of road frontage and features an all‑brick exterior on all sides with a solid concrete rear exterior; Lamar sign on 5204 Waters Avenue generates $400/month with over 7 years remaining in the contract
