Savannah Mixed-Use Investment
2203 Skidaway Road, Savannah, GA 31404
New
New Traditional, Other - Savannah, GA
Type:Multi Family
Property size:
2,952 SFLot size:
0.18 AcresPrice / SF:
$220/SF- Added:
- May 29, 2026
- Days on Market:
- 2
- Last Refresh:
- May 30 at 6:06 pm
Property Features for 2203 Skidaway Road
General Information
- Property type
- Other
- Property subtype
- Multi Family
- Zoning
- Commercial
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2
- Parking features
- Off Street
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 20079 15001
- Size
- 2,952 SF
- Lot size
- 0.18 Acres
Utilities
- Heating system
- Central, None (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1946
- Flooring type
- Concrete, Tile
- Architectural style
- New Traditional
Listing agent Jessica L. Kelly
Listing office Engel & Völkers Savannah 1650 East Victory Drive, Savannah, GA (912) 238-0874
Listing date May 29, 2026
MLS# SA343522
Listing URL
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑traffic location, only 1800 ft from Skidaway/Victory intersection, offering excellent visibility.
- Zoned B‑N, allowing diverse business uses such as retail, restaurant, office, or daycare.
- Includes a 2,160 sq ft commercial building ready for build‑out and a 792 sq ft residential cottage.
- Paved parking lot with 8+ spaces for the commercial building.
- Cottage provides options for owner residence, rental income, or on‑site office.
- Close proximity to major retail anchors like Starbucks, Chick‑fil‑A, Whole Foods, Target, and Home Depot.
Overview
This mixed-use property offers a unique live-work opportunity, situated 1800 feet from the intersection of Skidaway Road and Victory Drive. The property includes a 2,160 square foot commercial building ready for interior build-out. Zoned B-N (Neighborhood Business District), the property allows for various uses, including retail, restaurant, office, daycare, and animal hospital. The commercial site features visibility, a paved parking lot with 8 or more customer spaces, and walkable proximity to businesses and residential neighborhoods. The offering includes an adjacent 792 square foot raised cottage with 2 bedrooms and 1 bathroom, suitable for an owner or manager’s residence, rental income, or an on-site office. The cottage has carport covered parking, alley access, and storage beneath. Nearby businesses include Starbucks, Chick-fil-A, Whole Foods, Target, Home Depot, Walgreens, CVS, and a movie theater. The property consists of two properties with two PINs that must be sold together. The lot size is 0.184 acres.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.4k | $17.40 |
| − Vacancy | −$3.5k | −$1.18 |
| EGI | $47.9k | $16.22 |
| − OpEx | −$14.4k | −$4.87 |
| NOI | $33.5k | $11.35 |
2,952 SF · lease $17.40/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$478.7K
$418.9K – $558.5K
NOI $33,510 @ 7.0% cap · market cap 5.16%
Second Best
Mixed Use
$477.5K
$417.8K – $557.1K
NOI $33,426 @ 7.0% cap · market cap 5.14%
Theoretical Best
Warehouse
$2.76M
$2.41M – $3.22M
NOI $193,118 @ 7.0% cap · market cap 29.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.064248
- Latitude
- 32.045915
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Commercial building and residential cottage near high-traffic area.
Where is this mixed-use property located?
The property is located at 2203 Skidaway Road Savannah, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High‑traffic location, only 1800 ft from Skidaway/Victory intersection, offering excellent visibility.; Zoned B‑N, allowing diverse business uses such as retail, restaurant, office, or daycare.; Includes a 2,160 sq ft commercial building ready for build‑out and a 792 sq ft residential cottage.
