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    2506 Barnard St Savannah, GA 31401

    For Sale
    $1,088,000

    Downtown Savannah Bar/Restaurant

    Property size:
    2,729 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Savannah commercial property, located at 2506 Barnard St, offers a unique investment opportunity. Currently operating as Audio Visual Savannah, this 2,729 sq ft building boasts seven rooms, including a soundproof space and recording studio. The property features 100% occupancy as of April 30, 2023, and includes six off-street parking spaces – a rare find in this desirable location. Built in 1970 and renovated in 1988, the single-story, reinforced concrete structure sits on a 5,682 sq ft lot and benefits from a 73-foot frontage on Barnard Street and a 77-foot frontage on West 42nd Street. Zoned TN-2, this versatile property allows for a wide range of uses, including multi-family residences, retail, restaurants, and more. Its prime location in the Streetcar District, near the Starland District and Forsyth Park, ensures high visibility and foot traffic. The asking price is $1,088,000 ($398.68/sq ft). This property presents a compelling opportunity for both owner-users and investors seeking a strong return in Savannah's thriving downtown market. The flexible zoning allows for diverse uses, from continuing the existing business to developing a mixed-use project. The building's solid construction and ample parking further enhance its appeal. This is a rare chance to acquire a well-established business and a highly desirable property in a vibrant, growing area. The property's location offers easy access to SCAD student housing and numerous dining and cultural attractions.

    Property Features for 2506 Barnard St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,729 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1970/1988
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Prime corner location in Savannah's Streetcar District, near Starland District and Forsyth Park, offering high visibility and foot traffic.
    • TN‑2 zoning allows for diverse uses including multi‑family, retail, restaurants, and more.
    • Seven‑room building with adaptable layout, including a soundproof studio, suitable for various businesses or residential conversion.
    • Six off‑street parking spaces, a rare amenity in this location.
    • Durable reinforced concrete construction.
    • Large frontage: 73 feet on Barnard Street and 77 feet on West 42nd Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Audio Visual Repairs ... Audio Visual Equipment Repair Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.103739639288
    Latitude
    32.053777463489

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Savannah Bar/Restaurant
    Where is this individual retail property located?
    The property is located at 2506 Barnard St Savannah, GA.
    What is the asking price?
    The asking price for this property is $1,088,000.
    What are key features of this property?
    This property features: Prime corner location in Savannah's Streetcar District, near Starland District and Forsyth Park, offering high visibility and foot traffic.; TN-2 zoning allows for diverse uses including multi-family, retail, restaurants, and more.; Seven-room building with adaptable layout, including a soundproof studio, suitable for various businesses or residential conversion.
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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
    2506 Barnard St Savannah, GA 31401
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