Renovated Retail Showroom With
6228 Waters Avenue Savannah, GA 31406
6228 Waters Avenue, Savannah, GA, 31406
$799,000
For Sale
$799,000
Renovated retail building with covered entry, production and storage areas, plus a detached storage facility with AC and walk-in cooler.
Property Size3,370 SF
Lot Size0.52 Acres
Price / SF$237.09
Days on Market580
Property Features for 6228 Waters Avenue
General Information
- Standard status
- Active
- Size
- 3,370 SF
- Lot size
- 0.52 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1935
Listing agency
ERA Southeast Coastal
(912) 656-1165
Listed by
Steven Fischer · License #132691
(912) 656-1165
Source
Xome
Added: Dec 19, 2024 Updated: Jul 21 at 7:49PM Checked: Jul 21 at 7:49PM
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 ERA Southeast Coastal
Investment Insights
Based on property information with market context.
This property includes two buildings on one site, totaling 3,370 square feet. The main retail store was built in 1935 and has been fully renovated, with a cedar exterior and an off-ground construction layout. It features a large covered entry, functional retail floor space, a sizable production area, a large inventory storage room, two private offices, and a restroom. A detached storage building measures 20 feet by 54 feet and includes frame exterior construction and a metal roof, totaling 1,080 square feet with AC, lighting, a large walk-in cooler, and extensive storage.
The site has 113.50 feet of frontage and is 200 feet deep, set back from Waters Avenue. Visibility and accessibility are supported by ample ingress and egress provided by two separate curb cuts into a paved parking lot.
Both walk-in coolers are noted as removable, offering flexibility for alternative cold-storage or operational layouts.
The site has 113.50 feet of frontage and is 200 feet deep, set back from Waters Avenue. Visibility and accessibility are supported by ample ingress and egress provided by two separate curb cuts into a paved parking lot.
Both walk-in coolers are noted as removable, offering flexibility for alternative cold-storage or operational layouts.
Key Highlights
- Renovated 1935 retail building on Waters Ave with 2,290 SF plus a detached storage building totaling 3,370 SF on site
- 113.50' frontage and 200' depth with level lot and paved road access; ample ingress/egress via two separate curb cuts
- Main building features large covered entry, functional retail floor space, production area, inventory storage, two private offices, and a restroom
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 | $58.6k | $17.40 |
| − Vacancy | −$4.0k | −$1.18 |
| EGI | $54.7k | $16.22 |
| − OpEx | −$16.4k | −$4.87 |
| NOI | $38.3k | $11.35 |
3,370 SF · lease $17.40/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$546.5K
$478.2K – $637.6K
NOI $38,255 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.15M
$2.76M – $3.67M
NOI $220,464 @ 7.0% cap · market cap 27.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Showrooms
Similar For Sale Nearby
FAQs
What type of property is this?
Showroom - Renovated retail building with covered entry, production and storage areas, plus a detached storage facility with AC and walk-in cooler.
Where is this showroom located?
The property is located at 6228 Waters Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Renovated 1935 retail building on Waters Ave with 2,290 SF plus a detached storage building totaling 3,370 SF on site; 113.50' frontage and 200' depth with level lot and paved road access; ample ingress/egress via two separate curb cuts; Main building features large covered entry, functional retail floor space, production area, inventory storage, two private offices, and a restroom
