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Cold Shell Retail Space
For Lease
$18 SF/Yr

500 Pennsylvania Avenue, Savannah, GA 31404

Commercial Lease, Savannah, GA

Space Size1,081 SF - 2,162 SF
Lot Size3.17 Acres
Days on Market656

Property Features for 500 Pennsylvania Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning R4
Appliances No Hot Water
Directions Presidents Street to Pennsylvania Avenue, 0.7 miles on the left to #500 Skidaway Rd to Pennsylvania Avenue, 1 mile on the right to #500
Standard status Active
APN 2003902074
Size 2,200 SF
Lot size 3.17 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description C-1 OF STRATHMORE EST PCL C SAV GDNS SMB 42S 80 R/W PRB 47P 78 3.173AC
Tax Annual Amount 83610
Legal Description C-1 OF STRATHMORE EST PCL C SAV GDNS SMB 42S 80 R/W PRB 47P 78 3.173AC

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air, Electric
Water source Public

Building Details

Year built 2012
Floors in Building 1
Building materials Brick
Listing Agency: Parker Scott Properties
Listed By: Michelle Parker · License #276851
Added: Nov 6, 2024 Changed: Aug 19 Last Checked: Aug 24 at 9:06PM
MLS# SA320399

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 retail space is offered in cold-shell condition within a multifamily development at 500 Pennsylvania Avenue in Savannah. The configuration can accommodate a single occupant or be divided into smaller space, providing flexibility for different leasing requirements. Contractor quotes are available for improvements to a more finished vanilla-shell condition.

The property was built in 2012 and features brick construction, central electric heating, and central air conditioning. Public water and public sewer serve the property. Zoning is designated R4. The space is available for lease, with terms subject to negotiation.

Key Highlights

  • Cold‑shell retail space within a multifamily development
  • Available as one space or divided into smaller space
  • R4 zoning designation

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Retail space - Retail space within a multifamily development, offering central heating and cooling with public water and sewer service.
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 within a multifamily development; Available as one space or divided into smaller space; R4 zoning designation
More about this property
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