Freestanding Creative
For Sale
$1,088,000
2506 Barnard Street, Savannah, GA 31401
Commercial Sale, Savannah, GA
Property Size2,729 SF
Lot Size0.12 Acres
Price / SF$398.68
Days on Market140
Property Features for 2506 Barnard Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
City Lot, Corner Lot
Directions
From Savannah's Historic District take Barnard south to 42nd St.
Standard status
Active
APN
20074 06012
Size
2,729 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
3896
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
off-street parking
Building Details
Year built
1990
Building materials
Block, Brick
Listing Agency:
Parker Scott Properties
(912) 897-6320
Listed By:
Michelle Parker · License #276851
(912) 604-1197
Added: May 27
Changed: Sep 12
Last Checked: Oct 13 at 8:06AM
MLS# 10773113
Copyright © 2026 Georgia Multiple Listing Service. 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.
This freestanding commercial building contains 2,729 square feet arranged across multiple rooms, including an area that previously served as a recording studio. The property has block and brick construction, a recently installed roof, central heating and cooling, and a parking lot. Public water and sewer serve the site, with electricity available.
The 0.124-acre property is located at 2506 Barnard Street in Savannah’s Streetcar District. Starland Yard is nearby, while Forsyth Park is less than a mile away. The surrounding area includes dining, art, retail, residential properties, and SCAD housing. TN-2 zoning supports a range of stated potential uses, including retail, a cafe or coffee shop, veterinary or wellness clinic, creative studio, and multifamily development.
The 0.124-acre property is located at 2506 Barnard Street in Savannah’s Streetcar District. Starland Yard is nearby, while Forsyth Park is less than a mile away. The surrounding area includes dining, art, retail, residential properties, and SCAD housing. TN-2 zoning supports a range of stated potential uses, including retail, a cafe or coffee shop, veterinary or wellness clinic, creative studio, and multifamily development.
Key Highlights
- 2,729‑square‑foot freestanding commercial building
- 0.124‑acre site at 2506 Barnard Street
- TN‑2 zoning supports retail, cafe, clinic, creative studio, and multifamily uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,941
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,820
$758.8K
Cap Rate 7%
$542,014
$542.0K
Cap Rate 9%
$421,567
$421.6K
Market Conditions
NOI Build-Up for 2,729 SF
Gross rent
$60.6K $22.20/SF
− Vacancy
−$10.0K −$3.66/SF
EGI
$50.6K $18.54/SF
− OpEx
−$12.6K −$4.63/SF
NOI
$37.9K $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%
$758,820
Cap Rate 7%
$542,014
Cap Rate 9%
$421,567
Alternative Uses
Best Use
Office B
$542.0K
$474.3K – $632.4K
NOI $37,941 @ 7.0% cap · market cap 3.49%
Second Best
Retail
$442.6K
$387.2K – $516.3K
NOI $30,979 @ 7.0% cap · market cap 2.85%
Theoretical Best
Warehouse
$2.55M
$2.23M – $2.98M
NOI $178,530 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,263
Businesses Nearby
Explore this area
Business Placement
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 Office in Savannah, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - TN-2-zoned commercial building with a recently installed roof, off-street parking, and a flexible multi-room layout.
Where is this creative space located?
The property is located at 2506 Barnard Street Savannah, GA.
What is the asking price?
The asking price for this property is $1,088,000.
What are key features of this property?
This property features: 2,729‑square‑foot freestanding commercial building; 0.124‑acre site at 2506 Barnard Street; TN‑2 zoning supports retail, cafe, clinic, creative studio, and multifamily uses
