Freestanding Retail Building with
9 W Derenne Avenue Savannah, GA 31405
For Sale
$690,000
Freestanding retail building with a walk-in vault and 14 on-site parking spaces along Derenne Ave.
Property Size2,839 SF
Lot Size0.27 Acres
Price / SF$243.04
Days on Market570
Property Features for 9 W Derenne Avenue
General Information
- Standard status
- Active
- Size
- 2,839 SF
- Lot size
- 0.27 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1954
Listing Agency:
(912) 897-6320
Listed By:
Parker Scott Properties
Source:
Xome
Added: Dec 31, 2024
Changed: Jul 23
Last Checked: Jul 23 at 4:17AM
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, single-tenant retail building totals 2,839 square feet on a 0.27-acre lot and features 81 feet of frontage along Derenne Ave. The property includes 14 on-site parking spaces and a lighted poly sign for street presence.
Zoned BC, the building supports a range of permitted uses, including retail and medical, as well as professional office and specialty services. Public remarks note traffic counts exceeding 63,000 vehicles per day, with the property located near high-traffic national tenants such as Starbucks and Chick-fil-A.
The structure is equipped with high-level security features previously used for a jewelry store that operated for over 40 years, including a walk-in vault, built-in safes, an alarm system, and custom-built workstations and showcases.
Zoned BC, the building supports a range of permitted uses, including retail and medical, as well as professional office and specialty services. Public remarks note traffic counts exceeding 63,000 vehicles per day, with the property located near high-traffic national tenants such as Starbucks and Chick-fil-A.
The structure is equipped with high-level security features previously used for a jewelry store that operated for over 40 years, including a walk-in vault, built-in safes, an alarm system, and custom-built workstations and showcases.
Key Highlights
- 2,839 SF freestanding building on a 0.27‑acre lot with 81 ft of frontage on Derenne Ave.
- Traffic counts exceed 63,000 vehicles per day along Derenne Ave.
- Zoned BC, supporting a broad range of permitted uses including retail, medical, professional office, and specialty services.
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 | $49.4k | $17.40 |
| − Vacancy | −$3.4k | −$1.18 |
| EGI | $46.0k | $16.22 |
| − OpEx | −$13.8k | −$4.87 |
| NOI | $32.2k | $11.35 |
2,839 SF · lease $17.40/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$460.4K
$402.9K – $537.1K
NOI $32,228 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.65M
$2.32M – $3.10M
NOI $185,726 @ 7.0% cap · market cap 26.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Savannah Portable Toilet
Building Supply
Kael Portable Toilet ...
Building Supply
FAQs
What type of property is this?
Storefront property - Freestanding retail building with a walk-in vault and 14 on-site parking spaces along Derenne Ave.
Where is this storefront property located?
The property is located at 9 W Derenne Avenue Savannah, GA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 2,839 SF freestanding building on a 0.27‑acre lot with 81 ft of frontage on Derenne Ave.; Traffic counts exceed 63,000 vehicles per day along Derenne Ave.; Zoned BC, supporting a broad range of permitted uses including retail, medical, professional office, and specialty services.
