Savannah Starland District Retail
302 W Victory Dr Savannah, GA 31405
302 W Victory Dr, Savannah, GA, 31405
$3,200,000
For Sale
$3,200,000
Prime retail units in Savannah's vibrant Starland District.
Property Size11,543 SF
Price / SF$277.22
Days on Market58
Property Features for 302 W Victory Dr
General Information
- Standard status
- Active
- Size
- 11,543 SF
Listing Agency
Parker Scott Properties
(912) 604-1197
Listed by
Michelle Parker · License #276851
(912) 604-1197
Source
Exprealty
Added: May 21 Checked: Jul 16 at 12:54 am
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 Parker Scott Properties
Investment Insights
Based on property information with market context.
Located on Victory Drive in Savannah's Starland District, this shopping center features seven retail units. The property benefits from a dynamic mix of bars, restaurants, and boutique shopping, with strong, consistent foot traffic. The Savannah College of Art and Design Victory Village dormitory complex is located directly across the street. Approximately 20,000 vehicles pass by the location daily. The property includes a mix of ground-level and second-level spaces. The site offers visibility and accessibility, with 11 off-street parking spaces, ample street parking, and pylon signage along Victory Drive. The property is positioned within one of Savannah's active and growing corridors. The property generates $224,000 annually. The property size is 11,543 square feet.
Key Highlights
- Prime location in Savannah's Starland District, a vibrant and highly walkable area with strong foot traffic.
- Anchored by Savannah College of Art and Design (SCAD) Victory Village dormitory complex across the street, ensuring consistent customer base.
- High visibility and accessibility with 11 off‑street parking spaces, ample street parking, and prominent pylon signage.
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 | $200.8k | $17.40 |
| − Vacancy | −$13.7k | −$1.18 |
| EGI | $187.2k | $16.22 |
| − OpEx | −$56.2k | −$4.87 |
| NOI | $131.0k | $11.35 |
11,543 SF · lease $17.40/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.18M
NOI $131,033 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$10.79M
$9.44M – $12.59M
NOI $755,138 @ 7.0% cap · market cap 23.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gold Plugz Gold ...
(Bike/Boat/Book/etc) Store
Constant Expansion Jiu ...
Gym & Fitness Center
Victory
Church
Water of Life
Church
Tramp Art Studios
Tattoo & Piercing Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Threads and Things — 3123 Bull St, Savannah, GA 31405
- danyettas-style.myshopify.com — 3710 hopkins st, savannah, ga 31405
FAQs
What type of property is this?
Shopping center - Prime retail units in Savannah's vibrant Starland District.
Where is this shopping center located?
The property is located at 302 W Victory Dr Savannah, GA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Prime location in Savannah's Starland District, a vibrant and highly walkable area with strong foot traffic.; Anchored by Savannah College of Art and Design (SCAD) Victory Village dormitory complex across the street, ensuring consistent customer base.; High visibility and accessibility with 11 off‑street parking spaces, ample street parking, and prominent pylon signage.
