Mixed-Use Property with
For Sale
$620,000
2203 Skidaway Rd, Savannah, GA 31404
B-N zoning supports a commercial building paired with a separate two-bedroom residence and paved customer parking.
Property Size2,160 SF
Price / SF$210.03
Days on Market80
Property Features for 2203 Skidaway Rd
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi-Family
Zoning
B-N
Building Details
Year Built
1946
Buildings
2
Building Size
2,160 SF
Listing Agency:
Engel & Volkers
Listed By:
Jessica L. Kelly · License #270287
(912) 441-9101
Source:
Barefootbrokers
Added: Jul 26
Changed: Oct 4
Last Checked: Oct 13 at 12:10AM
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 Engel & Volkers
Investment Insights
Based on property information with market context.
This mixed-use offering combines a 2,160-square-foot commercial building with an adjacent 792-square-foot raised cottage. The commercial structure is positioned for interior build-out and carries B-N, or Neighborhood Business District, zoning. Stated potential uses include retail, restaurant, office, daycare, and animal hospital operations. The cottage provides two bedrooms and one bathroom, along with covered carport parking, alley access, and storage beneath the raised structure.
The property includes a paved parking area with 8+ customer spaces and sits approximately 1,800 feet from the intersection of Skidaway Road and Victory Drive. Nearby national and regional commercial anchors include Starbucks, Chick-fil-A, Whole Foods, Target, Home Depot, Walgreens, CVS, and a movie theater. Both properties, recorded under two pins, are offered together. The improvements date to 1946.
The property includes a paved parking area with 8+ customer spaces and sits approximately 1,800 feet from the intersection of Skidaway Road and Victory Drive. Nearby national and regional commercial anchors include Starbucks, Chick-fil-A, Whole Foods, Target, Home Depot, Walgreens, CVS, and a movie theater. Both properties, recorded under two pins, are offered together. The improvements date to 1946.
Key Highlights
- 2,160 SF commercial building with interior build‑out potential
- Adjacent 792 SF raised cottage with 2BR/1BA layout
- B‑N Neighborhood Business District zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,041
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,820
$820.8K
Cap Rate 7%
$586,300
$586.3K
Cap Rate 9%
$456,011
$456.0K
Market Conditions
NOI Build-Up for 2,952 SF
Gross rent
$65.5K $22.20/SF
− Vacancy
−$10.8K −$3.66/SF
EGI
$54.7K $18.54/SF
− OpEx
−$13.7K −$4.63/SF
NOI
$41.0K $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%
$820,820
Cap Rate 7%
$586,300
Cap Rate 9%
$456,011
Alternative Uses
Best Use
Office B
$586.3K
$513.0K – $684.0K
NOI $41,041 @ 7.0% cap · market cap 6.62%
Second Best
Retail
$478.7K
$418.9K – $558.5K
NOI $33,510 @ 7.0% cap · market cap 5.40%
Theoretical Best
Warehouse
$2.76M
$2.41M – $3.22M
NOI $193,118 @ 7.0% cap · market cap 31.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 31404, GA
31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Savannah, GA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - B-N zoning supports a commercial building paired with a separate two-bedroom residence and paved customer parking.
Where is this mixed-use property located?
The property is located at 2203 Skidaway Rd Savannah, GA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 2,160 SF commercial building with interior build‑out potential; Adjacent 792 SF raised cottage with 2BR/1BA layout; B‑N Neighborhood Business District zoning
