Commercial Land with Special Industrial
For Sale
$1,200,000
918 E Broad St, Savannah, GA 31401
Commercially zoned land with a Special Industrial designation, offered for sale and with options for leasing the existing building and business.
Property Size1,484 SF
Price / SF$808.63
Days on Market149
Property Features for 918 E Broad St
General Information
Standard status
Active
Size
1,484 SF
Listing Agency:
Whitley & Associates, Inc
(912) 704-6242
Listed By:
Jennifer M. Collins
(912) 704-6242
Source:
Exprealty
Added: Mar 10
Changed: Jul 23
Last Checked: Jul 31 at 6:52PM
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 Whitley & Associates, Inc
Investment Insights
Based on property information with market context.
This property is offered for sale with commercial zoning that includes a Special Industrial designation, providing flexibility for compatible uses. The owner is also open to leasing both the building and the existing business, creating an option for an established operation as well as a redevelopment pathway.
Located adjacent to Savannah’s Landmark Historic District, the site is positioned directly across Waldburg Street from the newly developed Park and Broad Apartments. The remarks indicate increasing residential density and support for continued growth in the immediate area.
The property is presented as a fit for a monument company or another compatible enterprise, or alternatively as a redevelopment site that could support uses such as retail, mixed-use, or residential, subject to applicable approvals.
Located adjacent to Savannah’s Landmark Historic District, the site is positioned directly across Waldburg Street from the newly developed Park and Broad Apartments. The remarks indicate increasing residential density and support for continued growth in the immediate area.
The property is presented as a fit for a monument company or another compatible enterprise, or alternatively as a redevelopment site that could support uses such as retail, mixed-use, or residential, subject to applicable approvals.
Key Highlights
- Commercial zoning with Special Industrial designation
- Adjacent to Savannah’s Landmark Historic District
- Across Waldburg Street from the newly developed Park and Broad Apartments
Financial Insights For Industrial
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 | $129.6k | $87.36 |
| − Vacancy | −$15.4k | −$10.40 |
| EGI | $114.2k | $76.96 |
| − OpEx | −$34.3k | −$23.09 |
| NOI | $80.0k | $53.87 |
1,484 SF · lease $87.36/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.14M
$999.4K – $1.33M
NOI $79,950 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.39M
$1.21M – $1.62M
NOI $97,083 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 31401, GA
22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value
Market
Vacancy Rate% for Industrial in Savannah, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Commercially zoned land with a Special Industrial designation, offered for sale and with options for leasing the existing building and business.
Where is this manufacturing property located?
The property is located at 918 E Broad St Savannah, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Commercial zoning with Special Industrial designation; Adjacent to Savannah’s Landmark Historic District; Across Waldburg Street from the newly developed Park and Broad Apartments
