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    4800 Waters Ave Savannah, GA 31404

    For Lease
    Contact for pricing

    Prime Savannah retail/restaurant space.

    Lot size:
    62,011 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A, 62,011 square foot retail and restaurant center is located in Savannah, Georgia, at 4800 Waters Ave, near the intersection of East 63rd Street and Waters Avenue. Built in 1959, this single-story building sits on a 3.6-acre lot and offers multiple tenancies with a minimum divisible space of 992 square feet and a maximum contiguous space of 11,138 square feet. The property benefits from its strategic location directly across Waters Avenue from the 600+ bed Memorial Health University Medical Center, the only Level 1 Trauma Center in Southeast Georgia and the 6th busiest hospital in the state. This location within Savannah's Medical Arts District provides unparalleled access to a high concentration of medical services and nearly 1,100 beds within a 0.5-mile radius. The property is zoned commercial and offers significant potential for lasting value due to its proximity to this major medical facility and the dense medical community. The building does not include elevators. This is a rare opportunity to acquire a well-positioned commercial property in a thriving medical hub. The property's size and location make it ideal for a variety of retail and restaurant uses.

    Property Features for 4800 Waters Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    62,011 SF
    Class
    A

    Building Details

    Year Built
    1959
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Outparcel
    Size
    26,136 SF
    Space
    Suite 4745
    Size
    2,418 SF
    Space
    Suite 4815
    Size
    2,223 SF

    HighLights

    • 2,200 - 2,418 SF of retail/restaurant space available.
    • Prime Savannah location within a thriving medical and employment hub.
    • Easy access with two traffic signals providing excellent ingress/egress.
    • High visibility from Waters Avenue's heavy traffic volume.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Water Damage Restoration ... Carpet Cleaning Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.0927214
    Latitude
    32.0309483

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    FAQs

    What type of property is this?
    Restaurant - Prime Savannah retail/restaurant space.
    Where is this restaurant located?
    The property is located at 4800 Waters Ave Savannah, GA.
    What are key features of this property?
    This property features: 2,200 - 2,418 SF of retail/restaurant space available.; Prime Savannah location within a thriving medical and employment hub.; Easy access with two traffic signals providing excellent ingress/egress.
    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
    4800 Waters Ave Savannah, GA 31404
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