Retail-Ready Development
For Sale
$956,000
6725 Waters Avenue, Savannah, GA 31406
SINGLE_FAMILY - Savannah, GA
Property Size3,429 SF
Lot Size1.09 Acres
Price / SF$278.80
Days on Market160
Property Features for 6725 Waters Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
PBN
Zoning description
Commercial
Parking
17
Appliances
Electric Water Heater
Directions
On waters Avenue between Stephenson and Eisenhower.
Standard status
Active
APN
2049005023
Size
3,429 SF
Lot size
1.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
4 SUB 22 23 24 STEPHENSON TCT
Tax Annual Amount
6399
Legal Description
4 SUB 22 23 24 STEPHENSON TCT
Utilities
Sewer type
Public Sewer, Septic Tank
Heating system
Electric (Heating)
Cooling system
Electric, Wall Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Building materials
Stucco
Additional Structures
Greenhouse
Listing Agency:
Rawls Realty
(912) 450-1800
Listed By:
Mary Mosher · License #333999
(912) 272-5271
Added: Feb 21
Changed: Jul 23
Last Checked: Jul 31 at 5:06PM
MLS# SA349455
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 listing offers commercial development land with level terrain throughout. The property is currently operating as the Pink House Florist, and it includes direct road frontage with two curb cuts for separate entrance and exit. Seller reports the site has 125 feet of direct road frontage along Waters Avenue and extends approximately 385 feet deep, totaling about 1.10 acres, for flexible layout planning.
The site is zoned PBN (with “Community Business” noted in the public remarks) and provides convenient access with roadway conditions described as having four lanes plus a center turning lane, along with a traffic light on the north and south ends of the street. The property is located across from a shopping center and is described as having high visibility along a major north-south surface road in Savannah.
Public remarks cite approximately 20,000 cars passing by daily based on a 2025 census and note limited land availability in the area. Uses listed in the remarks are broad and include retail and service concepts.
The site is zoned PBN (with “Community Business” noted in the public remarks) and provides convenient access with roadway conditions described as having four lanes plus a center turning lane, along with a traffic light on the north and south ends of the street. The property is located across from a shopping center and is described as having high visibility along a major north-south surface road in Savannah.
Public remarks cite approximately 20,000 cars passing by daily based on a 2025 census and note limited land availability in the area. Uses listed in the remarks are broad and include retail and service concepts.
Key Highlights
- 1.10‑acre commercial parcel with 125 ft direct road frontage and 385 ft depth on Waters Avenue
- Zoned B‑C Community Business
- Two curb cuts for separate entrance and exit, with 4 lanes plus a center turning lane and traffic lights at each end
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 | $59.7k | $17.40 |
| − Vacancy | −$4.1k | −$1.18 |
| EGI | $55.6k | $16.22 |
| − OpEx | −$16.7k | −$4.87 |
| NOI | $38.9k | $11.35 |
3,429 SF · lease $17.40/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$556.1K
$486.6K – $648.8K
NOI $38,925 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.20M
$2.80M – $3.74M
NOI $224,324 @ 7.0% cap · market cap 23.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,453
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 31%
Home Improvements & Furnishings 12%
Apparel 9%
McDonald's
Dining
27,737 visits/mo
0.1 miles
Southside Ace Hardware
Home Improvements & Furnishings
9,840 visits/mo
0.4 miles
Wells Fargo
Shops & Services
9,294 visits/mo
0.4 miles
Dollar General
Shops & Services
7,281 visits/mo
0.3 miles
Once Upon A Child
Apparel
6,992 visits/mo
0.2 miles
Demographics for 31406, GA
34,579
Population
15,424
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
26.2 sq mi
ZIP Area
1,320
Density / Sq Mi
$66,084
Median Household Income
$41,512
Median Earnings
$1,340
Median Rent
$260,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Level commercial land with 125 feet of road frontage and two curb cuts off Waters Avenue in Savannah.
Where is this commercial land located?
The property is located at 6725 Waters Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $956,000.
What are key features of this property?
This property features: 1.10‑acre commercial parcel with 125 ft direct road frontage and 385 ft depth on Waters Avenue; Zoned B‑C Community Business; Two curb cuts for separate entrance and exit, with 4 lanes plus a center turning lane and traffic lights at each end
