Storefront Retail
For Sale
$1,799,000
1820 Montgomery St, Savannah, GA 31401
Established retail space with central air and an asphalt exterior surface.
Property Size6,389 SF
Price / SF$281.58
Days on Market52
Property Features for 1820 Montgomery St
General Information
Standard status
Active
Size
6,389 SF
Building Details
Year Built
1985
Listing Agency:
TFI Realty LLC
Listed By:
Harold D. Jackson · License #265944
(912) 604-6263
Source:
Bradberrygarnerrealestate
Added: Aug 19
Changed: Oct 7
Last Checked: Oct 7 at 5:36PM
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 TFI Realty LLC
Investment Insights
Based on property information with market context.
Located at 1820 Montgomery Street in Savannah, this storefront retail property was built in 1985. The building includes central air and electric service, with an asphalt exterior surface and no parking identified in the property information.
The property sits on North Montgomery Street between 34th and 35th Streets, within a mixed-use corridor connecting the Landmark Historic District and Forsyth Park with the Starland District and Midtown. The location has a Walk Score of 91 and is near Georgia Southern University's Armstrong Campus, SCAD facilities, and downtown Savannah's residential and hospitality areas.
The property sits on North Montgomery Street between 34th and 35th Streets, within a mixed-use corridor connecting the Landmark Historic District and Forsyth Park with the Starland District and Midtown. The location has a Walk Score of 91 and is near Georgia Southern University's Armstrong Campus, SCAD facilities, and downtown Savannah's residential and hospitality areas.
Key Highlights
- 1820 Montgomery Street, Savannah, GA 31401
- Storefront retail property built in 1985
- Central air and electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,526
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,450,520
$1.5M
Cap Rate 7%
$1,036,086
$1.0M
Cap Rate 9%
$805,844
$805.8K
Market Conditions
NOI Build-Up for 6,389 SF
Gross rent
$111.2K $17.40/SF
− Vacancy
−$7.6K −$1.18/SF
EGI
$103.6K $16.22/SF
− OpEx
−$31.1K −$4.87/SF
NOI
$72.5K $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%
$1,450,520
Cap Rate 7%
$1,036,086
Cap Rate 9%
$805,844
Alternative Uses
Best Use
Retail
$1.04M
$906.6K – $1.21M
NOI $72,526 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.97M
$5.22M – $6.97M
NOI $417,965 @ 7.0% cap · market cap 23.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,691
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Beauty & Spa 52%
Shops & Services 37%
Electronics 11%
Sola Salon Studios
Beauty & Spa
5,104 visits/mo
0.4 miles
Woof Gang Bakery
Shops & Services
3,097 visits/mo
0.3 miles
Cricket Wireless Authorized Retailer
Electronics
1,041 visits/mo
0.1 miles
Stars & Stripes Llc
Shops & Services
555 visits/mo
0.2 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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Established retail space with central air and an asphalt exterior surface.
Where is this storefront property located?
The property is located at 1820 Montgomery St Savannah, GA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 1820 Montgomery Street, Savannah, GA 31401; Storefront retail property built in 1985; Central air and electric service
