Savannah Starland District Retail
For Sale
$3,200,000
302 W Victory Drive, Savannah, GA 31405
Prime retail units in Savannah's vibrant Starland District.
Property Size11,439 SF
Price / SF$279.74
Days on Market187
Property Features for 302 W Victory Drive
General Information
Standard status
Active
Size
11,439 SF
Property subtype
Commercial
Zoning
BN
Taxes and HOA fees
Annual Taxes
$26,034
Amenities
No
Yes
2+ Common Walls
2
Assessor
Public
0.265
Asphalt
Building Details
Building Size
11,439 SF
Year Built
1948
Stories
2
Listing Agency:
CGP Realty
(912) 233-6000
Listed By:
Leila Khalidi
(912) 507-9379
Source:
Baystreetrealtygroup
Added: Apr 13
Changed: Oct 10
Last Checked: Oct 16 at 7:28AM
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 CGP Realty
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,853
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,597,060
$2.6M
Cap Rate 7%
$1,855,043
$1.9M
Cap Rate 9%
$1,442,811
$1.4M
Market Conditions
NOI Build-Up for 11,439 SF
Gross rent
$199.0K $17.40/SF
− Vacancy
−$13.5K −$1.18/SF
EGI
$185.5K $16.22/SF
− OpEx
−$55.7K −$4.87/SF
NOI
$129.9K $11.35/SF
Area
Savannah, GA
Vacancy
6.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,597,060
Cap Rate 7%
$1,855,043
Cap Rate 9%
$1,442,811
Alternative Uses
Best Use
Retail
$1.86M
$1.62M – $2.16M
NOI $129,853 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$10.69M
$9.35M – $12.47M
NOI $748,334 @ 7.0% cap · market cap 23.39%
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
52k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 31%
Beauty & Spa 10%
Electronics 2%
McDonald's
Dining
22,625 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
7,295 visits/mo
0.1 miles
Chevron
Shops & Services
7,083 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,380 visits/mo
0.3 miles
Sola Salon Studios
Beauty & Spa
5,104 visits/mo
0.2 miles
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- danyettas-style.myshopify.com — 3710 hopkins st, savannah, ga 31405
- Threads and Things — 3123 Bull St, Savannah, GA 31405
Frequently Asked Questions
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 Drive 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.
