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    103 Prosperity Dr Savannah, GA 31408

    Sponsored
    For Sale
    $1,600,000

    Prime 2.98-acre commercial/industrial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.98-acre commercial and industrial lot, situated at 103 Prosperity Drive in Savannah, Georgia, presents a compelling investment opportunity. Located in Chatham County, zip code 31408, this property boasts a strategic corner location offering high visibility and accessibility. The site is zoned I-L, Light Industrial, allowing for a variety of potential uses including trailer yards, warehouses, convenience stores, and retail establishments. With approximately 20,000 vehicles traversing Dean Forest Road daily, this location ensures significant traffic exposure. Further enhancing its appeal is the recent installation of a new stoplight and deceleration lane at the intersection, improving ingress and egress. The property's flood zone designation is 'X', indicating minimal flood risk. Its proximity to the Port of Savannah, just 5.3 miles away, provides an added advantage for businesses involved in import/export activities. This property offers significant potential for developers and investors seeking a well-located, versatile parcel in a thriving area. The asking price is $1,600,000.

    Property Features for 103 Prosperity Dr

    General Information

    Property type
    Land
    Lot Size
    129,809 SF

    HighLights

    • $1,600,000 asking price.
    • 2.98‑acre commercial/industrial land parcel.
    • I‑L (Light Industrial) zoning.
    • Located at 103 Prosperity Dr, Savannah, GA 31408.
    • High traffic location (20,000 vehicles/day on Dean Forest Road), near new traffic signal and deceleration lane.
    • Proximity to Port of Savannah (5.3 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1952028
    Latitude
    32.0769887

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    FAQs

    What type of property is this?
    Land - Prime 2.98-acre commercial/industrial lot.
    Where is this land located?
    The property is located at 103 Prosperity Dr Savannah, GA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price.; 2.98-acre commercial/industrial land parcel.; I-L (Light Industrial) zoning.
    Request Owner's contact information
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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
    103 Prosperity Dr Savannah, GA 31408
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