Building Details

Year Built 1900

Listing Agency: Seabolt Real Estate

Listed By: Beth L. Vantosh · License #248541 Show Phone

Source: Barefootbrokers

Added: Aug 21 Changed: Sep 12 Last Checked: Oct 7 at 1:02PM

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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 Seabolt Real Estate

Investment Insights

Based on property information with market context.

Built in 1900, this two-story storefront building contains approximately 3,623 square feet on a 0.09-acre parcel. The property has a documented history of retail, office, and studio use, with central air and electric service. Exterior features include a paved driveway, sidewalks, street lighting, and paved road access; no parking is provided on site.

The building occupies the corner of W. 41st Street and Whitaker Street in Savannah’s Starland Dairy District. The surrounding area includes Starland Yard, restaurants, retail businesses, and creative enterprises, with a walkable commercial setting. TN-2 zoning and the existing storefront configuration support consideration of the property for a range of commercial uses, subject to applicable requirements.

Key Highlights

• Approximately 3,623 SF two‑story building on a 0.09‑acre parcel
• TN‑2 zoning
• Corner location at W. 41st Street and Whitaker Street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,370

Cap Rate

4.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,007,400 $1.0M

Cap Rate 7%

$719,571 $719.6K

Cap Rate 9%

$559,667 $559.7K

Market Conditions

NOI Build-Up for 3,623 SF

Gross rent

$80.4K $22.20/SF

− Vacancy

−$13.3K −$3.66/SF

EGI

$67.2K $18.54/SF

− OpEx

−$16.8K −$4.63/SF

NOI

$50.4K $13.90/SF

Area

Savannah, GA

Vacancy

16.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,007,400

Cap Rate 7%

$719,571

Cap Rate 9%

$559,667

Alternative Uses

Best Use

Office B

$719.6K

$629.6K – $839.5K (±1% cap)

NOI $50,370 @ 7.0% cap · market cap 4.20%

Second Best

Retail

$587.5K

$514.1K – $685.5K (±1% cap)

NOI $41,127 @ 7.0% cap · market cap 3.43%

Theoretical Best

Warehouse

$3.39M

$2.96M – $3.95M (±1% cap)

NOI $237,015 @ 7.0% cap · market cap 19.75%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Starland Strange and Bazaar Clothing & Fashion Store Dreamhouse Studios Art Studio Lofire (Bike/Boat/Book/etc) Store Porch Band Music Venue

Suggested Use

Top Pick Pharmacy Electrical Service Storage Facility Real Estate Agency Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,263

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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

Market

Vacancy Rate% for Office in Savannah, GA

13.1% 2019

9.9% 2020

8.7% 2021

8.4% 2022

4.3% 2023

4.9% 2024

3.1% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - The two-story property includes central air, electric service, and TN-2 zoning.

Where is this storefront property located?

The property is located at 17 41st St St Savannah, GA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Approximately 3,623 SF two‑story building on a 0.09‑acre parcel; TN‑2 zoning; Corner location at W. 41st Street and Whitaker Street