Commercial Land with Existing
For Sale
Contact for pricing
2001 East DeRenne Avenue, Savannah, GA 31406
RSF-10-zoned site includes an existing meeting hall, neighboring residential home, and parking pad for redevelopment or restoration.
Property Size7,200 SF
Price / SF$208.33
Days on Market44
Property Features for 2001 East DeRenne Avenue
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Land, Special Purpose
Zoning
RSF-10
Investment Type
Owner/User
Building Details
Year Built
1968
Buildings
2
Listing Agency:
Judge Realty
Listed By:
Alex Hansbarger · License #420237
(912) 754-0786
Source:
Crexi
Added: Aug 25
Changed: Sep 30
Last Checked: Oct 5 at 5:02PM
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 Judge Realty
Investment Insights
Based on property information with market context.
This commercial land offering comprises approximately 1.1 total acres M/L with an existing 7,200-square-foot lodge and recreational meeting hall, a small residential home next door, and an additional parking pad. The primary building was constructed in 1968 and can support either restoration or redevelopment planning. The property carries RSF-10 zoning and occupies the corner of East DeRenne Avenue and Morgan Street in Savannah.
Harry Truman Pkwy is located just down the street, and the site records approximately 13,900 daily drive-by vehicles based on GDOT reporting for 2024. The combination of land area, existing structures, corner positioning, and current improvements creates a redevelopment-oriented commercial land profile.
Harry Truman Pkwy is located just down the street, and the site records approximately 13,900 daily drive-by vehicles based on GDOT reporting for 2024. The combination of land area, existing structures, corner positioning, and current improvements creates a redevelopment-oriented commercial land profile.
Key Highlights
- Approximately 1.1 total acres M/L
- Existing 7,200‑square‑foot lodge and recreational meeting hall
- Primary building constructed in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,527
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,540
$1.6M
Cap Rate 7%
$1,164,671
$1.2M
Cap Rate 9%
$905,856
$905.9K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$142.6K $19.80/SF
− Vacancy
−$12.1K −$1.68/SF
EGI
$130.4K $18.12/SF
− OpEx
−$48.9K −$6.79/SF
NOI
$81.5K $11.32/SF
Area
Savannah, GA
Vacancy
8.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,540
Cap Rate 7%
$1,164,671
Cap Rate 9%
$905,856
Alternative Uses
Best Use
Mixed Use
$1.16M
$1.02M – $1.36M
NOI $81,527 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.73M
$5.89M – $7.85M
NOI $471,021 @ 7.0% cap · market cap 31.40%
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
199
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Commercial land - RSF-10-zoned site includes an existing meeting hall, neighboring residential home, and parking pad for redevelopment or restoration.
Where is this commercial land located?
The property is located at 2001 East DeRenne Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 1.1 total acres M/L; Existing 7,200‑square‑foot lodge and recreational meeting hall; Primary building constructed in 1968
