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    Savannah Commercial Property For Sale Title is generated by Realmo AI

    3912 Waters Avenue, Savannah, GA 31405

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    Claim this Listing
    For Sale
    Under Contract
    $399,000

    SINGLE_FAMILY - Savannah, GA

    Type:Retail
    Property size:
    1,868 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $213/SF
    Added:
    Apr 28, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 17 at 5:06 am

    Property Features for 3912 Waters Avenue

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    BN
    Bedrooms
    1
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1
    Parking
    5
    Fencing
    Chain Link
    Standard status
    Active Under Contract
    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

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1956
    Floors in Building
    1
    Building materials
    Brick

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    Listing Contact
    Kim L. Iocovozzi

    Listing agent Kim L. Iocovozzi License #121211

    Listing office Keller Williams Coastal Area P 329 Commercial Dr., Suite 100, Savannah, GA

    Listing date Apr 28, 2026

    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.

    HighLights

    • NFA letter from Georgia provides environmental clearance.
    • Zoned TC‑2, ideal for commercial or residential development.
    • Conveniently located near Memorial Hospital.
    • Phase 1 & 2 environmental studies are complete.
    • Features durable brick construction.
    • Public water and sewer connections available.

    Overview

    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.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $122,204 @ 7.0% cap · market cap 30.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • SameDay-FlowerDelivery — 4700 waters ave, savannah, ga 31404

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.08928
    Latitude
    32.037802

    FAQs

    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: NFA letter from Georgia provides environmental clearance.; Zoned TC‑2, ideal for commercial or residential development.; Conveniently located near Memorial Hospital.
    More about this property
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