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    5231 Ogeechee Rd Savannah, GA 31405

    For Sale
    $4,800,000

    Prime Savannah land, R-2 zoning, I-16 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 11.87-acre property, located at 5231 Ogeechee Road in Savannah, Georgia (Chatham County, zip code 31405), presents a remarkable investment opportunity. Currently zoned Residential R-2, this expansive lot offers significant potential for redevelopment. The asking price is $4,800,000, translating to approximately $404,380.79 per acre. Its strategic location provides excellent access to Interstate 16, ensuring convenient transportation links. Furthermore, the property enjoys close proximity to the Georgia Ports Authority (GPA), making it an attractive site for businesses seeking efficient logistics and distribution capabilities. The APN is 6099106004. Given its zoning and location, there's a strong possibility of rezoning to accommodate manufacturing, industrial, or commercial uses, further enhancing its investment appeal. This presents a rare chance to acquire a substantial land parcel in a rapidly growing area with significant development potential. The property's size and location make it ideal for a variety of commercial or residential projects. Serious inquiries are encouraged.

    Property Features for 5231 Ogeechee Rd

    General Information

    Property type
    Land
    Lot Size
    517,057 SF

    HighLights

    • $4,800,000 asking price for 11.87 acres of land.
    • R‑2 residential zoning.
    • Excellent I‑16 access.
    • Close proximity to the Georgia Ports Authority (GPA).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Auto Parts Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.2007135
    Latitude
    32.0377344

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    FAQs

    What type of property is this?
    Land - Prime Savannah land, R-2 zoning, I-16 access.
    Where is this land located?
    The property is located at 5231 Ogeechee Rd Savannah, GA.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: $4,800,000 asking price for 11.87 acres of land.; R-2 residential zoning.; Excellent I-16 access.
    Request Owner's contact information
    5231 Ogeechee Rd Savannah, GA 31405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5231 Ogeechee Rd Savannah, GA 31405
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