Savannah Commercial Property For
For Sale
$399,000
Pending
3912 Waters Avenue, Savannah, GA 31405
SINGLE_FAMILY - Savannah, GA
Property Size1,868 SF
Lot Size0.36 Acres
Days on Market100
Property Features for 3912 Waters Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
BN
Bedrooms
1
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1
Parking
5
Fencing
Chain Link
Directions
3912 is located only a few short blocks from Memorial Hospital
Standard status
Pending
APN
2009722012
Size
1,868 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LTS 6 8 2 4 BLK D WEST WD WILKIN S WD SACKVILLE SUB
Legal Description
LTS 6 8 2 4 BLK D WEST WD WILKIN S WD SACKVILLE SUB
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Building materials
Brick
Listing Agency:
Keller Williams Coastal Area P · Keller Williams Realty
(912) 356-5001
Listed By:
Kim L. Iocovozzi · License #121211
(912) 844-3261
Added: Apr 28
Changed: Jul 9
Last Checked: Aug 5 at 4:06PM
MLS# SA354821
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 commercial/residential property is zoned TC-2 and located blocks away from Memorial Hospital in Savannah, GA. The property includes a Phase 1 and Phase 2 study, with an NFA letter issued by the State of Georgia, confirming no further action is required. Documentation exceeds 300 pages; the NFA letter is on page 271. The property is being sold by the estate of the previous owner, the Linton Corporation, in "as is" condition. The lot size is 0.36 acres, and the property size is 1868 square feet.
Key Highlights
- Commercial/residential property zoned TC‑2, located only blocks away from Memorial Hospital
- Year built: 1956
- Brick construction
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 | $32.5k | $17.40 |
| − Vacancy | −$2.2k | −$1.18 |
| EGI | $30.3k | $16.22 |
| − OpEx | −$9.1k | −$4.87 |
| NOI | $21.2k | $11.35 |
1,868 SF · lease $17.40/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$302.9K
$265.1K – $353.4K
NOI $21,205 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,204 @ 7.0% cap · market cap 30.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,239
Businesses Nearby
106k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 45%
Electronics 2%
Beauty & Spa 1%
McDonald's
Dining
29,632 visits/mo
0.3 miles
Shell
Shops & Services
14,230 visits/mo
0.3 miles
Wendy's
Dining
13,321 visits/mo
0.1 miles
Dollar Tree
Shops & Services
11,522 visits/mo
0.2 miles
Truist
Shops & Services
8,239 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial/residential property near Memorial Hospital, Savannah, GA.
Where is this storefront property located?
The property is located at 3912 Waters Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Commercial/residential property zoned TC‑2, located only blocks away from Memorial Hospital; Year built: 1956; Brick construction
