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New Construction Retail Space
For Lease
$18 SF/Yr

500 Pennsylvania Avenue, Savannah, GA 31404

Cold-shell storefront within a newly built multifamily property, offering adaptable space planning for a retail tenant.

Space Size1,081 SF - 2,162 SF
Property Size2,200 SF
Days on Market662

Property Features for 500 Pennsylvania Avenue

General Information

Standard status Active
Size 1,081 SF - 2,162 SF
Net Rentable 2,162 SF
Zoning R4

Space & Availability

Available Space 1,081-2,162 SF
Contiguous Space 2,162 SF
Divisible Yes
Space Use Retail

Taxes and HOA fees

Annual Taxes $83,610

Building Details

Building Size 2,200 SF
Year Built 2012
Stories 1
Listing Agency: Parker Scott Properties
Listed By: Michelle Parker · License #276851
Source: Frankerealproperties
Added: Nov 6, 2024 Changed: Aug 29 Last Checked: Aug 30 at 5:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Parker Scott Properties

Investment Insights

Based on property information with market context.

This retail space is delivered in cold-shell condition within a new-construction multifamily property. The premises can be configured as a full space or divided into two portions, providing flexibility for different occupancy requirements.

The property is located at 500 Pennsylvania Ave in Savannah, Georgia. Its placement along Pennsylvania Avenue provides a street-facing commercial setting for a retail operation. Lease terms are negotiable.

Key Highlights

  • Cold‑shell retail space in new construction
  • Full‑space or half‑space configuration available
  • Located within a multifamily property

Property Analytics

Current Use

Keith's To'it Up ... Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Restaurant Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

293
Businesses Nearby
22k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Parker's Kitchen Shops & Services
13,498 visits/mo 0.5 miles
Dollar Tree Shops & Services
6,992 visits/mo 0.4 miles
Marathon Petroleum Shops & Services
1,713 visits/mo 0.5 miles

Demographics for 31404, GA

31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
Median Home Value

Market

Lease Benchmarks for Savannah, GA

$26.68 /SF/Yr
Avg Asking Price
$8.5–$80 /SF/Yr
Price Range
5,439 SF
Avg Space Size

This space is priced 33% below the average of $26.68 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Cold-shell storefront within a newly built multifamily property, offering adaptable space planning for a retail tenant.
Where is this retail space located?
The property is located at 500 Pennsylvania Avenue Savannah, GA.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Cold‑shell retail space in new construction; Full‑space or half‑space configuration available; Located within a multifamily property
More about this property
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