Commercial Land with Road
For Sale
$956,000
6725 Waters Avenue, Savannah, GA 31406
Level commercial parcel with two curb cuts and access from a four-lane road with a center turning lane.
Property Size3,429 SF
Price / SF$278.80
Days on Market9
Property Features for 6725 Waters Avenue
General Information
Standard status
Active
Size
3,429 SF
Property subtype
Commercial
Zoning
PBN, Commercial
Site & Location
Neighborhood
Benjamin Van Clark Park
Taxes and HOA fees
Annual Taxes
$6,399
Building Details
Building Size
3,429 SF
Year Built
1952
Stories
1
Listing Agency:
Rawls Realty
Listed By:
Mary Mosher · License #333999
(912) 272-5271
Source:
Eddymyers
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 3:34AM
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 Rawls Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This level commercial parcel spans approximately 1.10 acres, with 125 feet of frontage on Waters Avenue and a depth of 385 feet. Two curb cuts provide separate points of entry and exit. The property is currently used by a florist; the existing building’s size and condition are not described.
Waters Avenue is identified as a major north-south surface road in Savannah. The roadway has four lanes, a center turning lane, a 30 MPH speed limit, and traffic lights at its north and south ends. A shopping center is across the street, with McDonald’s, CVS, Subway, Dollar General, Planet Fitness, and KFC among the nearby businesses. The source cites approximately 20,000 vehicles passing daily, based on a 2025 census.
Waters Avenue is identified as a major north-south surface road in Savannah. The roadway has four lanes, a center turning lane, a 30 MPH speed limit, and traffic lights at its north and south ends. A shopping center is across the street, with McDonald’s, CVS, Subway, Dollar General, Planet Fitness, and KFC among the nearby businesses. The source cites approximately 20,000 vehicles passing daily, based on a 2025 census.
Key Highlights
- Approximately 1.10 acres of level commercial land
- 125 feet of Waters Avenue frontage; parcel is 385 feet deep
- Two curb cuts allow separate entry and exit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,925
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,500
$778.5K
Cap Rate 7%
$556,071
$556.1K
Cap Rate 9%
$432,500
$432.5K
Market Conditions
NOI Build-Up for 3,429 SF
Gross rent
$59.7K $17.40/SF
− Vacancy
−$4.1K −$1.18/SF
EGI
$55.6K $16.22/SF
− OpEx
−$16.7K −$4.87/SF
NOI
$38.9K $11.35/SF
Area
Savannah, GA
Vacancy
6.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,500
Cap Rate 7%
$556,071
Cap Rate 9%
$432,500
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 32%
BP
Shops & Services
3,299 visits/mo
0.4 miles
China Star
Dining
1,568 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
Frequently Asked Questions
What type of property is this?
Commercial land - Level commercial parcel with two curb cuts and access from a four-lane road with a center turning lane.
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: Approximately 1.10 acres of level commercial land; 125 feet of Waters Avenue frontage; parcel is 385 feet deep; Two curb cuts allow separate entry and exit
