Approved Multi-Unit Development
For Sale
$2,100,000
5103 Garrard Avenue, Savannah, GA 31405
Approved project for 75 units across apartment buildings and paired townhomes with garage-based carriage studios.
Property Size121,097 SF
Price / SF$17.34
Days on Market634
Property Features for 5103 Garrard Avenue
General Information
Standard status
Active
Size
121,097 SF
Property subtype
Land / Land
Zoning
R1
Additional Details
Multifamily Units
75
Taxes and HOA fees
Annual Taxes
$1,636
Amenities
2
Listing Agency:
Parker Scott Properties
(912) 604-1197
Listed By:
Michelle Parker · License #276851
(912) 604-1197
Source:
Compass
Added: Dec 6, 2024
Changed: Aug 31
Last Checked: Aug 31 at 12:28AM
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 offering is an approved development project for a total of 75 units, comprising 33 apartment units across two buildings identified as the “North” and “South” buildings. The North building includes a ground-floor fitness center and a rooftop amenity space with both indoor and outdoor areas intended for coffee, work, and socializing, plus day-to-night functionality.
The plan also provides surrounding surface lots for convenient parking, along with outdoor amenities including cookout areas and play spaces for residents. Townhomes are designed in pairs, with each pair including garden-level 1BR/1BA flats that can serve as living space or a flexible work area.
Above each flat, the design calls for a spacious three-bedroom townhouse with a rear 2-car garage. Each townhouse further includes a separate “carriage house” studio apartment above the garage, accessible via a private lane with parallel parking.
The plan also provides surrounding surface lots for convenient parking, along with outdoor amenities including cookout areas and play spaces for residents. Townhomes are designed in pairs, with each pair including garden-level 1BR/1BA flats that can serve as living space or a flexible work area.
Above each flat, the design calls for a spacious three-bedroom townhouse with a rear 2-car garage. Each townhouse further includes a separate “carriage house” studio apartment above the garage, accessible via a private lane with parallel parking.
Property Analytics
Current Use
Lease Details
75
Residential units
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approved project for 75 units across apartment buildings and paired townhomes with garage-based carriage studios.
Where is this residential land & home lot located?
The property is located at 5103 Garrard Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $2,100,000.
