Seven-Unit Retail Shopping
302 W Victory Drive Savannah, GA 31405
For Sale
$3,200,000
SINGLE_FAMILY - Savannah, GA
Property Size11,439 SF
Lot Size0.27 Acres
Price / SF$279.74
Days on Market111
Property Features for 302 W Victory Drive
General Information
Property type
Residential
Property subtype
Retail
Zoning
BN
Appliances
Electric Water Heater
Standard status
Active
APN
2007421014
Size
11,439 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 50 52 54 & PT OF LOT 48 NORWOOD WARD
Tax Annual Amount
26034
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1948
Floors in Building
2
Building materials
Stucco
Listing Agency:
Parker Scott Properties
(912) 897-6320
Listed By:
Michelle Parker · License #276851
(912) 604-1197
Added: Apr 8
Changed: Jul 8
Last Checked: Jul 27 at 11:06AM
MLS# SA353163
Copyright © 2026 Hive MLS. 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.
Located at 302 W Victory Drive in Savannah, this for-sale shopping center offers seven total retail units, including a mix of ground-level spaces and second-level spaces. The property totals 11,439 square feet and sits on a 0.265-acre site, providing flexibility for an owner-user or an investor seeking in-place income and tenant diversification. A revenue snapshot in the listing indicates approximately $224,000 annually.
The center is positioned along Victory Drive near the heart of Savannah’s Starland District. The SCAD Victory Village dormitory complex is directly across the street, and the listing cites approximately 20,000 vehicles passing daily, supporting strong pedestrian-oriented visibility for the corridor.
Zoned BN, the site includes 11 off-street parking spaces along with additional street parking. Prominent pylon signage along Victory Drive supports visibility and customer wayfinding.
The center is positioned along Victory Drive near the heart of Savannah’s Starland District. The SCAD Victory Village dormitory complex is directly across the street, and the listing cites approximately 20,000 vehicles passing daily, supporting strong pedestrian-oriented visibility for the corridor.
Zoned BN, the site includes 11 off-street parking spaces along with additional street parking. Prominent pylon signage along Victory Drive supports visibility and customer wayfinding.
Key Highlights
- Shopping center with seven retail units for sale on Victory Drive in Savannah’s Starland District
- Mix of ground‑level retail spaces and second‑level spaces, offering flexibility for an owner‑user or investor
- Anchored by SCAD Victory Village dormitory complex directly across the street
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 | $199.0k | $17.40 |
| − Vacancy | −$13.5k | −$1.18 |
| EGI | $185.5k | $16.22 |
| − OpEx | −$55.7k | −$4.87 |
| NOI | $129.9k | $11.35 |
11,439 SF · lease $17.40/SF/yr · vacancy 6.80% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Threads and Things — 3123 Bull St, Savannah, GA 31405
- danyettas-style.myshopify.com — 3710 hopkins st, savannah, ga 31405
Frequently Asked Questions
What type of property is this?
Shopping center - Seven retail units with ground- and second-level space, plus 11 off-street parking spaces and pylon signage.
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: Shopping center with seven retail units for sale on Victory Drive in Savannah’s Starland District; Mix of ground‑level retail spaces and second‑level spaces, offering flexibility for an owner‑user or investor; Anchored by SCAD Victory Village dormitory complex directly across the street
