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    3507 Bay St Savannah, GA 31408

    For Sale
    $700,000

    Prime Savannah retail space, 2700 sq ft, 29 parking spaces.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional retail property, located at 3507 W Bay Street in Savannah, Georgia, presents a compelling investment opportunity. Built in 1960 and situated on a 0.764-acre lot, the property boasts a newly installed roof and offers 2,700 square feet of versatile retail space. Its strategic location within Savannah's business district, in close proximity to the shipping port, ensures high visibility and accessibility. The property's features include ample parking with 29 spaces, a convenient covered drive-through area, and a history as a former bank branch, suggesting a strong foundation for various retail uses. The asking price is $700,000. This single-building property offers a unique blend of established infrastructure and prime location, making it an ideal investment for discerning buyers seeking a foothold in Savannah's thriving commercial market. The property's size and amenities make it suitable for a range of retail businesses, capitalizing on the high traffic and convenient access afforded by its location in the heart of Savannah's business district. The zip code is 31408, and the Chatham County location provides easy access to major transportation routes.

    Property Features for 3507 Bay St

    General Information

    Property type
    Retail properties
    Lot Size
    33,280 SF

    Building Details

    Year Built
    1960
    Buildings
    1

    HighLights

    • 2,700 SF retail building on a 0.764‑acre lot in Savannah, GA.
    • Newly installed roof.
    • Located in Savannah's business district near the shipping port, offering high visibility and accessibility.
    • Ample parking (29 spaces) and a covered drive‑through.
    • Asking price: $700,000.
    • Former bank branch, suitable for various retail uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham - GA
    State
    Georgia
    Longitude
    -81.140612
    Latitude
    32.097154

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    FAQs

    What type of property is this?
    Retail property - Prime Savannah retail space, 2700 sq ft, 29 parking spaces.
    Where is this retail property located?
    The property is located at 3507 Bay St Savannah, GA.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 2,700 SF retail building on a 0.764-acre lot in Savannah, GA.; Newly installed roof.; Located in Savannah's business district near the shipping port, offering high visibility and accessibility.
    Request Owner's contact information
    3507 Bay St Savannah, GA 31408
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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
    3507 Bay St Savannah, GA 31408
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