Freestanding Storefront
For Sale
$375,000
Pending
8419 Ferguson Ave, Savannah, GA 31406
Freestanding commercial building with central air and flexible office or retail utility.
Property Size1,050 SF
Days on Market70
Property Features for 8419 Ferguson Ave
General Information
Standard status
Pending
Size
1,050 SF
Property subtype
Commercial
Building Details
Year Built
1980
Buildings
1
Tenancy
Single
Listing Agency:
Parker Scott Properties
Listed By:
John Blair Southerland · License #403553
(912) 844-8333
Source:
Searchgreateraugustahomes
Added: Aug 1
Changed: Oct 1
Last Checked: Oct 7 at 12:33PM
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 freestanding commercial property occupies a 1,050 Sq Ft converted residence built in 1980. The building offers practical office or retail utility and includes central air with electric service. Exterior surfaces include asphalt and gravel, while the property is identified as having no parking.
The property is located at 8419 Ferguson Avenue in Savannah, Georgia, within the Sandfly area. An existing florist occupies the building under a lease extending through December 2027. The florist business is not part of the sale; the tenant may remain in place or vacate at the end of the lease term.
The property is located at 8419 Ferguson Avenue in Savannah, Georgia, within the Sandfly area. An existing florist occupies the building under a lease extending through December 2027. The florist business is not part of the sale; the tenant may remain in place or vacate at the end of the lease term.
Key Highlights
- 1,050 Sq Ft freestanding converted residence
- Office or retail utility
- Central air with electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,919
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,380
$238.4K
Cap Rate 7%
$170,271
$170.3K
Cap Rate 9%
$132,433
$132.4K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$18.3K $17.40/SF
− Vacancy
−$1.2K −$1.18/SF
EGI
$17.0K $16.22/SF
− OpEx
−$5.1K −$4.87/SF
NOI
$11.9K $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%
$238,380
Cap Rate 7%
$170,271
Cap Rate 9%
$132,433
Alternative Uses
Best Use
Retail
$170.3K
$149.0K – $198.7K
NOI $11,919 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$981.3K
$858.6K – $1.14M
NOI $68,691 @ 7.0% cap · market cap 18.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
308k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 58%
Shops & Services 26%
Dining 15%
Electronics 1%
Walmart
Superstores
100,677 visits/mo
0.5 miles
Sam's Club
Superstores
76,600 visits/mo
0.4 miles
Parker's Kitchen
Shops & Services
34,328 visits/mo
0.5 miles
McDonald's
Dining
23,659 visits/mo
0.5 miles
Sam's Club Gas Station
Shops & Services
20,937 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Sam's Club Floral — 1975 E Montgomery Cross Rd, Savannah, GA 31406
- Sandfly Flower Shop — 8419 Ferguson Ave, Savannah, GA 31406
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial building with central air and flexible office or retail utility.
Where is this storefront property located?
The property is located at 8419 Ferguson Ave Savannah, GA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,050 Sq Ft freestanding converted residence; Office or retail utility; Central air with electric service
