Restaurant Property For
2601 W Bay St Savannah, GA 31408
2601 W Bay St, Savannah, GA, 31408
$340,000
For Sale
$340,000
Restaurant property offered for sale and sold as-is.
Property Size934 SF
Price / SF$364.03
Days on Market19
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
(478) 319-5322
Listed by
Raleigh C. Taylor · License #356934
Source
Searchgreateraugustahomes
Added: Jul 4 Updated: Jul 21 at 10:37AM Checked: Jul 21 at 10:37AM
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
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
Local Financial Insights For Specialty 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 | $18.5k | $19.80 |
| − Vacancy | −$1.0k | −$1.09 |
| EGI | $17.5k | $18.71 |
| − OpEx | −$4.4k | −$4.68 |
| NOI | $13.1k | $14.03 |
934 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
Similar Off Market Nearby
- Chinatown Buffet — 309 US-80, Savannah, GA 31408
FAQs
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
