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    Mills B Lane Blvd Savannah, GA 31405

    Sponsored
    For Sale
    $150,000

    3 Acres, Office Zoning, Motivated Seller

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3-acre commercial land parcel in Savannah, Georgia, presents a rare investment opportunity. Located on Mills B Ln Blvd, in Chatham County (zip code 31405), this property is zoned O-I Office Institutional, allowing for a variety of commercial uses. Just over one acre is designated as buildable upland. The site is conveniently situated adjacent to an existing office building to the west. Priced at $150,000 ($58,333/acre), this represents a compelling value in the Savannah market. While the zoning permits a range of uses including office, limited residential, healthcare, educational, cultural, lodging, and service businesses, it's crucial to note that parking and container storage are not permitted on this site. This makes it ideal for businesses that don't require extensive on-site parking or storage. The seller is motivated, and the price has been reduced, making this an attractive proposition for a small general contractor, service-related business, or other compatible commercial ventures. This is not industrial land

    Property Features for 0 Mills B Lane Blvd

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • 3‑acre commercial land parcel in Savannah, GA (Chatham County, 31405), with over 1 acre buildable.
    • Adjacent to an existing office building.
    • Rare opportunity to acquire commercial land in Savannah; O‑I zoning allows various uses (excluding parking, container storage).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.124938
    Latitude
    32.0505815

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    FAQs

    What type of property is this?
    Land - 3 Acres, Office Zoning, Motivated Seller
    Where is this land located?
    The property is located at Mills B Lane Blvd Savannah, GA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 3-acre commercial land parcel in Savannah, GA (Chatham County, 31405), with over 1 acre buildable.; Adjacent to an existing office building.; Rare opportunity to acquire commercial land in Savannah; O-I zoning allows various uses (excluding parking, container storage).
    (914) 393-0041
    Request Owner's contact information
    Mills B Lane Blvd Savannah, GA 31405
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    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
    Mills B Lane Blvd Savannah, GA 31405
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