Office Building with Two
112 E Derenne Avenue Savannah, GA 31405
112 E Derenne Avenue, Savannah, GA, 31405
$439,000
For Sale
$439,000
Commercial Sale, Bungalow - Savannah, GA
Property Size1,925 SF
Lot Size0.29 Acres
Price / SF$228.05
Days on Market11
Property Features for 112 E Derenne Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Commercial
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 5
- Exterior features
- Storage
- Appliances
- Freezer, Range, Refrigerator
- Standard status
- Active
- APN
- 2012804014
- Size
- 1,925 SF
- Lot size
- 0.29 Acres
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating), Wall Furnace
- Cooling system
- Central Air, Electric, Multi Units, Wall Unit(s)
Building Details
- Year built
- 1970
- Flooring type
- Hardwood, Tile
- Roof type
- Composition
- Architectural style
- Bungalow
- Additional Structures
- Storage
Listing Agency
Engel & Völkers Savannah
(912) 238-0874
1650 East Victory Drive, Savannah, GA
Listed by
Shane P. Litts
Added: Jul 7 Checked: Jul 17 at 11:06 am
MLS# SA343220
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.
Investment Insights
Based on property information with market context.
This office building offers a flexible interior configuration and practical on-site improvements. The property includes approximately 1,925 square feet and a brand-new architectural shingle roof. The current setup is configured as 3 bedrooms and 1.5 baths, with multiple rooms that can be repurposed for office use, including private offices, reception or conference space, and separate entrances for client and employee access. A large attached work area adds additional functional space.
The building is zoned Commercial (O-I: Office & Institutional). Two front entrances provide separate client and employee access. The property also includes two accessory structures for storage or additional space: an 11' x 23' workshop and an 11' x 23' metal shed.
Set on a 0.29-acre lot, the site is described as having ample space for parking and strong access to Midtown and Downtown. The adjacent 0.38-acre corner lot on Habersham St. is also available for expansion or redevelopment.
The building is zoned Commercial (O-I: Office & Institutional). Two front entrances provide separate client and employee access. The property also includes two accessory structures for storage or additional space: an 11' x 23' workshop and an 11' x 23' metal shed.
Set on a 0.29-acre lot, the site is described as having ample space for parking and strong access to Midtown and Downtown. The adjacent 0.38-acre corner lot on Habersham St. is also available for expansion or redevelopment.
Key Highlights
- Excellent location on E. Derenne Ave. near Habersham St. and Abercorn St. with great access to Midtown and Downtown.
- Zoned O‑I (Office & Institutional) offering versatile use.
- Adaptable ±1,925 SF building layout suitable for office or residential use.
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 | $42.7k | $22.20 |
| − Vacancy | −$7.1k | −$3.66 |
| EGI | $35.7k | $18.54 |
| − OpEx | −$8.9k | −$4.63 |
| NOI | $26.8k | $13.90 |
1,925 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.80M
$1.57M – $2.10M
NOI $125,933 @ 7.0% cap · market cap 28.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ASAP Window Tinting
Interior Design
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building on a 0.29-acre lot with a new shingle roof, flexible interior layout, and attached work area.
Where is this office building located?
The property is located at 112 E Derenne Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Excellent location on E. Derenne Ave. near Habersham St. and Abercorn St. with great access to Midtown and Downtown.; Zoned O‑I (Office & Institutional) offering versatile use.; Adaptable ±1,925 SF building layout suitable for office or residential use.
