Park South Office Complex
7505 Waters Avenue, Savannah, GA 31406
SINGLE_FAMILY - Savannah, GA
Type:Office
Property size:
4,214 SFLot size:
0.01 AcresPrice / SF:
$177/SF- Added:
- Jan 14, 2026
- Days on Market:
- 137
- Last Refresh:
- May 31 at 6:06 pm
Property Features for 7505 Waters Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- BN
- Bathrooms
- 5
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 1, Bathroom 3
- Appliances
- Electric Water Heater
- Standard status
- Active Under Contract
- APN
- 2049109038
- Size
- 4,214 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Description
- UNIT C-14 PARK SOUTH
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Flooring type
- Carpet, Wood
- Building materials
- Brick
- Roof type
- Asphalt
Listing agent Steffany P. Farmer License #168178 (912) 484-5552
Listing office Better Homes and Gardens Real 130 Canal Street, Suite 504, Pooler, GA (912) 303-8405
Listing date Jan 14, 2026
MLS# SA346772
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.
HighLights
- Up to 4,214 sq ft of flexible office space in a desirable, high‑traffic location.
- Multiple configuration options; sell all units combined or in smaller groupings.
- Benefit from three private exterior entrances and front‑door parking with no shared interior hallways.
- Each unit has its own HVAC, water heater, and private half bath for independent operation.
- Low‑maintenance with HOA covering landscaping, exterior repairs, parking lot, and roof.
- Recently replaced roof.
Overview
Available for purchase is up to 4,214 square feet of office condominium space, consisting of five combined units (9, 10, 11, 12 & 14) within the Park South Office Complex. The units feature opened common walls with cased openings, creating a connected and functional layout that can be easily reconfigured. The space includes two downstairs units and three upstairs units, with three private exterior front entrances and front-door parking. There are no shared interior hallways. Each unit has its own HVAC system, water heater, and private half bath, allowing for independent operation. The middle upstairs unit includes a kitchenette that can be converted back to office space. Unit 14, an upstairs end unit, offers a view overlooking the corner park. The building roof was recently replaced. The layout is suitable for therapists, medical providers, attorneys, consultants, or any business requiring a flexible office configuration. The owner is willing to sell the entire combined space or Unit 11 individually, Units 9 & 10 together, or Units 12 & 14 together. HOA dues will be $170 per month beginning in January and cover landscaping, exterior repairs, parking lot maintenance, and the roof. The property is centrally located among established neighboring businesses in a high-demand commercial corridor, making it an excellent opportunity for an owner-occupant or investor seeking low-maintenance office space in a high-traffic Savannah location.
Local Financial Insights For Office B
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 | $93.6k | $22.20 |
| − Vacancy | −$15.4k | −$3.66 |
| EGI | $78.1k | $18.54 |
| − OpEx | −$19.5k | −$4.63 |
| NOI | $58.6k | $13.90 |
4,214 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$836.9K
$732.3K – $976.4K
NOI $58,586 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.94M
$3.45M – $4.59M
NOI $275,678 @ 7.0% cap · market cap 36.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.102493
- Latitude
- 32.004086
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Office condominium space in high-traffic Savannah location.
Where is this office units located?
The property is located at 7505 Waters Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Up to 4,214 sq ft of flexible office space in a desirable, high‑traffic location.; Multiple configuration options; sell all units combined or in smaller groupings.; Benefit from three private exterior entrances and front‑door parking with no shared interior hallways.
