Renovated First-Floor Office
355 Commerce Place, Savannah, GA 31406
For Sale
$155,000
Commercial Sale, Savannah, GA
Property Size616 SF
Lot Size0.01 Acres
Price / SF$251.62
Days on Market110
Property Features for 355 Commerce Place
General Information
Property type
Property subtype
Zoning
Zoning description
Appliances
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
kitchenette with wet bar
private restroom
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Scott Realty Professionals
(912) 349-7766
Listed By:
Sabriya Scott · License GA #269094
(912) 844-0682
Added: Jul 24
Changed: Oct 31
Last Checked: Nov 10 at 11:06PM
MLS# SA360851
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.
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Investment Insights
Based on property information with market context.
This 616-square-foot office unit occupies the first floor and has been recently renovated. The layout includes two private offices, a reception area that can function as additional workspace, a kitchenette with wet bar, and a private restroom. Vinyl flooring, central heating, and central air provide practical interior finishes and climate control.
The property is located at 355 Commerce Place in Savannah, Georgia 31406, within Chatham County. It carries PUDB zoning and was built in 1982. Public water and public sewer serve the property, with an electric water heater and frame construction. The configuration is suited to professional office operations, including administrative, consulting, real estate, financial, insurance, medical, or salon uses identified for the space.
The property is located at 355 Commerce Place in Savannah, Georgia 31406, within Chatham County. It carries PUDB zoning and was built in 1982. Public water and public sewer serve the property, with an electric water heater and frame construction. The configuration is suited to professional office operations, including administrative, consulting, real estate, financial, insurance, medical, or salon uses identified for the space.
Key Highlights
- 616 square feet of first‑floor office space
- Two private offices plus reception area with additional workspace potential
- Kitchenette with wet bar and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,564
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,280
$171.3K
Cap Rate 7%
$122,343
$122.3K
Cap Rate 9%
$95,156
$95.2K
Market Conditions
NOI Build-Up for 616 SF
Gross rent
$13.7K $22.20/SF
− Vacancy
−$2.3K −$3.66/SF
EGI
$11.4K $18.54/SF
− OpEx
−$2.9K −$4.63/SF
NOI
$8.6K $13.90/SF
Area
Savannah, GA
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,280
Cap Rate 7%
$122,343
Cap Rate 9%
$95,156
Alternative Uses
Best Use
Office B
$122.3K
$107.1K – $142.7K
NOI $8,564 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$166.3K
$145.5K – $194.0K
NOI $11,642 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,066
Businesses Nearby
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Business Placement
Demographics for 31406, GA
34,579
Population
15,424
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
26.2 sq mi
ZIP Area
1,320
Density / Sq Mi
$66,084
Median Household Income
$41,512
Median Earnings
$1,340
Median Rent
$260,800
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Savannah, GA
Properties on Market for Office Units in Savannah
Vacancy Rate% for Office in Savannah, GA
Frequently Asked Questions
What type of property is this?
Office unit - Two private offices, kitchenette, wet bar, and restroom support a flexible professional workspace.
Where is this office unit located?
The property is located at 355 Commerce Place Savannah, GA.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 616 square feet of first‑floor office space; Two private offices plus reception area with additional workspace potential; Kitchenette with wet bar and private restroom
