Live-Work Commercial
For Sale
$620,000
2203 Skidaway Road, Savannah, GA 31404
MULTI_FAMILY - Other - Savannah, GA
Property Size2,952 SF
Lot Size0.18 Acres
Price / SF$210.03
Days on Market262
Property Features for 2203 Skidaway Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-N
Zoning description
Commercial
Bedrooms
2
Bathrooms
3
Full bathrooms
1
Half bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 1
Parking features
Off Street
Appliances
No Hot Water, Oven, Range, Refrigerator
Directions
From Hwy 80/Victory Drive, turn North onto Skidway Road. Property is approximately 1800ft down on the left side of Skidaway Drive.
Standard status
Active
APN
20079 15001
Size
2,952 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
S W PT LT 61 BOULEVARD PK
Legal Description
S W PT LT 61 BOULEVARD PK
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1946
Floors in Building
1
Flooring type
Concrete, Tile
Building materials
Block
Architectural style
Other
Listing Agency:
Engel & Volkers
(912) 238-0874
Listed By:
Jessica L. Kelly · License #270287
(912) 441-9101
Added: Nov 10, 2025
Changed: Jul 27
Last Checked: Jul 30 at 5:06PM
MLS# SA343522
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A combined commercial and residential package offering live-work flexibility at 2203 Skidaway Road. The primary 2,160 sq ft commercial building is ready for an interior build-out to suit business needs. Zoned B-N (Neighborhood Business District), the property supports a range of neighborhood-oriented uses.
An adjacent 792 sq ft raised cottage (2BR/1BA) can serve as an owner or manager residence, a rental unit, or an on-site office. The cottage includes additional carport-covered parking, alley access, and storage beneath.
The property includes a paved parking lot with 8+ customer spaces and is noted as being approximately 1,800 feet from the Skidaway Road and Victory Drive intersection. Nearby area retail and entertainment options are listed including Starbucks, Chick-fil-A, Whole Foods, Target, Home Depot, Walgreens, CVS, and a movie theater. TWO properties/TWO pins are included, and the properties must be sold together.
An adjacent 792 sq ft raised cottage (2BR/1BA) can serve as an owner or manager residence, a rental unit, or an on-site office. The cottage includes additional carport-covered parking, alley access, and storage beneath.
The property includes a paved parking lot with 8+ customer spaces and is noted as being approximately 1,800 feet from the Skidaway Road and Victory Drive intersection. Nearby area retail and entertainment options are listed including Starbucks, Chick-fil-A, Whole Foods, Target, Home Depot, Walgreens, CVS, and a movie theater. TWO properties/TWO pins are included, and the properties must be sold together.
Key Highlights
- 2160 sq ft commercial building with interior build‑out ready for business use
- Zoned B‑N (Neighborhood Business District) with permitted variety including retail, restaurant, office, daycare, and animal hospital
- Adjacent 792 sq ft raised 2BR/1BA cottage for owner/manager residence, rental income, or on‑site office
Financial Insights For Office B
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 | $65.5k | $22.20 |
| − Vacancy | −$10.8k | −$3.66 |
| EGI | $54.7k | $18.54 |
| − OpEx | −$13.7k | −$4.63 |
| NOI | $41.0k | $13.90 |
2,952 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
294
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
Market
Vacancy Rate% for Office in Savannah, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Commercial building with interior build-out space plus adjacent raised cottage for residence or office use.
Where is this live-work space located?
The property is located at 2203 Skidaway Road 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: 2160 sq ft commercial building with interior build‑out ready for business use; Zoned B‑N (Neighborhood Business District) with permitted variety including retail, restaurant, office, daycare, and animal hospital; Adjacent 792 sq ft raised 2BR/1BA cottage for owner/manager residence, rental income, or on‑site office
