Restaurant Property For
For Sale
$340,000
2601 W Bay St, Savannah, GA 31408
Restaurant property offered for sale and sold as-is.
Property Size934 SF
Price / SF$364.03
Days on Market146
Property Features for 2601 W Bay St
General Information
Standard status
Active
Size
934 SF
Property subtype
Commercial
Building Details
Year Built
1962
Listing Agency:
Rawls Realty
Listed By:
Raleigh C. Taylor · License #356934
(478) 319-5322
Source:
Searchgreateraugustahomes
Added: May 31
Changed: Oct 1
Last Checked: Oct 20 at 9:47PM
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 Rawls Realty
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Investment Insights
Based on property information with market context.
This restaurant property is being offered for sale and will be conveyed in as-is condition. The property is listed as a commercial real estate asset under conventional restaurant and restaurant property types.
No further details are provided regarding layout, improvements, or specific site features. Interested parties should review the property and condition directly as part of their due diligence.
No further details are provided regarding layout, improvements, or specific site features. Interested parties should review the property and condition directly as part of their due diligence.
Key Highlights
- Restaurant property built in 1962
- Being sold as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,107
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,140
$262.1K
Cap Rate 7%
$187,243
$187.2K
Cap Rate 9%
$145,633
$145.6K
Market Conditions
NOI Build-Up for 934 SF
Gross rent
$18.5K $19.80/SF
− Vacancy
−$1.0K −$1.09/SF
EGI
$17.5K $18.71/SF
− OpEx
−$4.4K −$4.68/SF
NOI
$13.1K $14.03/SF
Area
Savannah, GA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,140
Cap Rate 7%
$187,243
Cap Rate 9%
$145,633
Alternative Uses
Best Use
Specialty Retail
$187.2K
$163.8K – $218.5K
NOI $13,107 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$872.9K
$763.8K – $1.02M
NOI $61,102 @ 7.0% cap · market cap 17.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
6,283 visits/mo
0.2 miles
Demographics for 31408, GA
11,790
Population
4,529
Households
2.6
Avg Household Size
36
Median Age
13%
College-Educated
82%
High-School Grad
21.1 sq mi
ZIP Area
559
Density / Sq Mi
$40,109
Median Household Income
$30,667
Median Earnings
$1,080
Median Rent
$160,600
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 Retail in South region
Similar Off Market Nearby
- Chinatown Buffet — 309 US-80, Savannah, GA 31408
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property offered for sale and sold as-is.
Where is this conventional restaurant located?
The property is located at 2601 W Bay St Savannah, GA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Restaurant property built in 1962; Being sold as‑is
