High-Visibility Retail
For Sale
$699,000
104 Tibet Ave, Savannah, GA 31406
Retail storefront in a BC (Community Business) zone with ample parking and strong access to major roadways.
Property Size2,758 SF
Price / SF$253.44
Days on Market92
Property Features for 104 Tibet Ave
General Information
Standard status
Active
Size
2,758 SF
Zoning
BC
Building Details
Year Built
1971
Listing Agency:
Century 21 Solomon Properties
Listed By:
Joel Solomon · License #349031
(912) 604-0896
Source:
Bradberrygarnerrealestate
Added: Jul 23
Changed: Oct 15
Last Checked: Oct 7 at 4:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Solomon Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This high-visibility retail storefront offers a versatile commercial setup in a BC (Community Business) zoning district. The property is positioned to support a range of service-oriented and retail uses, with the flexibility buyers and owner-users typically seek when evaluating a central Savannah location.
Public remarks indicate the site is located along Savannah’s commercial corridor and is surrounded by national restaurant franchises, major automobile dealerships, Savannah Mall, established neighborhoods, and growing apartment communities. Ample parking and excellent access to major roadways are noted as key advantages for day-to-day operations and customer access.
Ideal for buyers considering owner-use or investment scenarios, the property’s zoning and location support a variety of business concepts, including HVAC, plumbing, electrical, roofing, landscaping, and other service-based operations.
Public remarks indicate the site is located along Savannah’s commercial corridor and is surrounded by national restaurant franchises, major automobile dealerships, Savannah Mall, established neighborhoods, and growing apartment communities. Ample parking and excellent access to major roadways are noted as key advantages for day-to-day operations and customer access.
Ideal for buyers considering owner-use or investment scenarios, the property’s zoning and location support a variety of business concepts, including HVAC, plumbing, electrical, roofing, landscaping, and other service-based operations.
Key Highlights
- Commercial retail storefront in a BC (Community Business) zone
- 16 parking spaces with asphalt parking
- Central air cooling and heating listed (3)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,308
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,160
$626.2K
Cap Rate 7%
$447,257
$447.3K
Cap Rate 9%
$347,867
$347.9K
Market Conditions
NOI Build-Up for 2,758 SF
Gross rent
$48.0K $17.40/SF
− Vacancy
−$3.3K −$1.18/SF
EGI
$44.7K $16.22/SF
− OpEx
−$13.4K −$4.87/SF
NOI
$31.3K $11.35/SF
Area
Savannah, GA
Vacancy
6.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,160
Cap Rate 7%
$447,257
Cap Rate 9%
$347,867
Alternative Uses
Best Use
Retail
$447.3K
$391.4K – $521.8K
NOI $31,308 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.58M
$2.26M – $3.01M
NOI $180,427 @ 7.0% cap · market cap 25.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
115k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 20%
Groceries 16%
Parker's Kitchen
Shops & Services
28,970 visits/mo
0.4 miles
Walmart Neighborhood Market
Groceries
17,957 visits/mo
0.5 miles
Dollar Tree
Shops & Services
15,645 visits/mo
0.2 miles
Carrabba's Italian Grill
Dining
11,142 visits/mo
0.2 miles
Krystal
Dining
7,023 visits/mo
0.2 miles
Demographics for 31406, GA
34,579
Population
15,424
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
26.2 sq mi
ZIP Area
1,320
Density / Sq Mi
$66,084
Median Household Income
$41,512
Median Earnings
$1,340
Median Rent
$260,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront in a BC (Community Business) zone with ample parking and strong access to major roadways.
Where is this storefront property located?
The property is located at 104 Tibet Ave Savannah, GA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Commercial retail storefront in a BC (Community Business) zone; 16 parking spaces with asphalt parking; Central air cooling and heating listed (3)
