Open-Layout Storefront
For Sale
$1,080,000
2310 Drayton St, Savannah, GA 31401
Two largely open interior areas include central air and electric service.
Property Size3,028 SF
Price / SF$356.67
Days on Market57
Property Features for 2310 Drayton St
General Information
Standard status
Active
Size
3,028 SF
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Parker Scott Properties
Listed By:
John Blair Southerland · License #403553
(912) 844-8333
Source:
Southeastgahomesearch
Added: Aug 14
Changed: Sep 25
Last Checked: Oct 7 at 3:46PM
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 Parker Scott Properties
Investment Insights
Based on property information with market context.
This storefront property at 2310 Drayton Street contains two largely open interior areas within a building constructed in 1960. Central air and electric service are present, creating a straightforward commercial shell for reconfiguration. The seller requires the building to remain, and total demolition is not permitted.
The property is located in Savannah’s Starland District. The source information identifies office, retail, restaurant, and medical or urgent care concepts as potential repositioning directions, subject to applicable approvals and requirements. The address is 2310 Drayton Street, Savannah, GA 31401.
The property is located in Savannah’s Starland District. The source information identifies office, retail, restaurant, and medical or urgent care concepts as potential repositioning directions, subject to applicable approvals and requirements. The address is 2310 Drayton Street, Savannah, GA 31401.
Key Highlights
- Two largely open interior areas within the storefront building
- Central air and electric service
- Constructed in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,373
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,460
$687.5K
Cap Rate 7%
$491,043
$491.0K
Cap Rate 9%
$381,922
$381.9K
Market Conditions
NOI Build-Up for 3,028 SF
Gross rent
$52.7K $17.40/SF
− Vacancy
−$3.6K −$1.18/SF
EGI
$49.1K $16.22/SF
− OpEx
−$14.7K −$4.87/SF
NOI
$34.4K $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%
$687,460
Cap Rate 7%
$491,043
Cap Rate 9%
$381,922
Alternative Uses
Best Use
Retail
$491.0K
$429.7K – $572.9K
NOI $34,373 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.83M
$2.48M – $3.30M
NOI $198,090 @ 7.0% cap · market cap 18.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
49k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 26%
Beauty & Spa 10%
Electronics 2%
McDonald's
Dining
22,625 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,295 visits/mo
0.2 miles
Chevron
Shops & Services
7,083 visits/mo
0.2 miles
Sola Salon Studios
Beauty & Spa
5,104 visits/mo
0.1 miles
Woof Gang Bakery
Shops & Services
3,097 visits/mo
0.4 miles
Demographics for 31401, GA
22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Two largely open interior areas include central air and electric service.
Where is this storefront property located?
The property is located at 2310 Drayton St Savannah, GA.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Two largely open interior areas within the storefront building; Central air and electric service; Constructed in 1960
