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Retail Space with Flexible Configuration
For Lease
$18 SF/Yr

514 Pennsylvania Ave, Savannah, GA 31404

Cold-shell retail space allows full or half-space configurations within a new multifamily development.

Space SizeContact for details
Days on Market25

Property Features for 514 Pennsylvania Ave

General Information

Standard status Active

Building Details

Year Built 2015
Listing Agency: Parker Scott Properties
Listed By: Michelle Parker · License #276851
Source: Barefootbrokers
Added: Aug 7 Changed: Aug 29 Last Checked: Aug 30 at 7:39PM

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 cold-shell retail space contains 2162 SF within a multifamily development built in 2015. The premises can be leased as the full space or divided into a half-space configuration, providing flexibility in how the area is occupied. A vanilla-shell buildout is under consideration, with contractor quotes already in place for the work.

The property is located at 514 Pennsylvania Ave in Savannah, Georgia. Its position within a new-construction multifamily setting places the retail space directly within that development’s built environment. The available configuration and planned finish options allow the premises to be evaluated in either its current cold-shell condition or with a future vanilla-shell buildout.

Key Highlights

  • 2162 SF of cold‑shell retail space
  • Full‑space or half‑space configuration options
  • Located within a multifamily development built in 2015

Property Analytics

Current Use

Classy Lynne Travels Law Firm Savannah Gardens Apartment Complex Savannah Law Firm Humble Wanda Clothing & Fashion Store

Suggested Use

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

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

243
Businesses Nearby
9k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Dollar Tree Shops & Services
6,992 visits/mo 0.1 miles
Marathon Petroleum Shops & Services
1,713 visits/mo 0.3 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 retail space allows full or half-space configurations within a new multifamily development.
Where is this retail space located?
The property is located at 514 Pennsylvania Ave Savannah, GA.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 2162 SF of cold‑shell retail space; Full‑space or half‑space configuration options; Located within a multifamily development built in 2015
More about this property
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