First-Floor Office Suite with Private
For Sale
$155,000
355 Commerce Place, Savannah, GA 31406
SINGLE_FAMILY - Savannah, GA
Property Size616 SF
Lot Size0.01 Acres
Price / SF$251.62
Days on Market11
Property Features for 355 Commerce Place
General Information
Property type
Residential
Property subtype
Office
Zoning
PUDB
Zoning description
Commercial
Appliances
Electric Water Heater
Directions
Head south on Abercorn St.Turn left onto Eisenhower Dr.Turn right onto Commercial Drive.Look for the Commerce Place office park on the left.
Standard status
Active
APN
2053412036
Size
616 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT C BLDG 355 COMMERCE PL COND O
Tax Annual Amount
949
Legal Description
UNIT C BLDG 355 COMMERCE PL COND O
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Flooring type
Vinyl
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Scott Realty Professionals
(912) 349-7766
Listed By:
Sabriya Scott · License #269094
(912) 844-0682
Added: Jul 24
Changed: Jul 29
Last Checked: Aug 3 at 12:06AM
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.
Investment Insights
Based on property information with market context.
This recently renovated first-floor office suite offers a flexible layout for professional use. The space includes two private offices, a welcoming receptionist area that can also serve as additional workspace, a kitchenette with a wet bar, and a private restroom. The suite measures 616 square feet and is part of a frame construction building with vinyl flooring, an asphalt roof, central and electric heating, and central air cooling. An electric water heater is included.
Located at 355 Commerce Place in Savannah, GA 31406 (Chatham County), the property sits on a 0.014-acre lot and is served by public water and public sewer. Zoning is PUDB.
Built in 1982, the suite’s straightforward configuration and first-floor access can support a range of small business and professional office needs.
Located at 355 Commerce Place in Savannah, GA 31406 (Chatham County), the property sits on a 0.014-acre lot and is served by public water and public sewer. Zoning is PUDB.
Built in 1982, the suite’s straightforward configuration and first-floor access can support a range of small business and professional office needs.
Key Highlights
- Recently renovated first‑floor office suite with two private offices
- Receptionist area plus kitchenette with wet bar
- Private restroom included
Financial Insights For Office B
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 | $13.7k | $22.20 |
| − Vacancy | −$2.3k | −$3.66 |
| EGI | $11.4k | $18.54 |
| − OpEx | −$2.9k | −$4.63 |
| NOI | $8.6k | $13.90 |
616 SF · lease $22.20/SF/yr · vacancy 16.50% · expense 25.00%
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
Warehouse
$575.7K
$503.7K – $671.6K
NOI $40,298 @ 7.0% cap · market cap 26.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,066
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Savannah, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Recently renovated first-floor office suite with two private offices, a kitchenette with wet bar, and a private restroom.
Where is this office units 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: Recently renovated first‑floor office suite with two private offices; Receptionist area plus kitchenette with wet bar; Private restroom included
