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    2015 Mills B Lane Blvd Savannah, GA 31405

    Sponsored
    For Sale
    $1,250,000

    8,500 SF Flex Space, $1.25M

    Property size:
    8,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Savannah, Georgia industrial property presents a compelling investment opportunity. The 8,500-square-foot flex space building, constructed in 1977, sits on a 0.52-acre lot and is zoned LIR (Light Industrial Restricted). Conveniently located near Ogeechee Road and Lynes Parkway, it offers easy access to downtown Savannah, Garden City, and the Georgia Ports Authority. The single-story building features five offices and substantial warehouse space. Currently tenant-occupied, although no formal lease exists, a 60-day notice is required for tenant vacating. The asking price is $1,250,000, translating to $147.06 per square foot. This property's prime location and versatile space make it an attractive prospect for investors seeking a strong return. The property's address is 2015 Mills B Ln Blvd, Savannah, GA 31405. The building's single-story design and convenient access points contribute to its operational efficiency. The existing tenant occupancy provides immediate cash flow potential, although investors should factor in the 60-day notice requirement for vacancy. This presents a chance to acquire a well-situated industrial property in a thriving market.

    Property Features for 2015 Mills B Lane Blvd

    General Information

    Property type
    Flex space
    Square Feet
    8,500 SF
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1977
    Buildings
    1
    Stories
    1

    HighLights

    • $1,250,000 asking price for this 8,500 SF flex industrial building.
    • Located at 2015 Mills B Ln Blvd, Savannah, GA 31405, on a 0.52‑acre lot.
    • Single‑story building (1977 construction) with 5 offices and large warehouse space.
    • Zoned LIR (Light Industrial Restricted), near Ogeechee Road and Lynes Parkway, with close proximity to downtown Savannah, Garden City, and the Georgia Ports Authority.
    • Currently tenant‑occupied (month‑to‑month); 60‑day notice required for vacancy.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Morris Hardwood Distribution Wholesaler Coastal Heart Pine ... Corporate Office

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.140199470446
    Latitude
    32.053442055311

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    FAQs

    What type of property is this?
    Flex space - 8,500 SF Flex Space, $1.25M
    Where is this flex space located?
    The property is located at 2015 Mills B Lane Blvd Savannah, GA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price for this 8,500 SF flex industrial building.; Located at 2015 Mills B Ln Blvd, Savannah, GA 31405, on a 0.52-acre lot.; Single-story building (1977 construction) with 5 offices and large warehouse space.
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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
    2015 Mills B Lane Blvd Savannah, GA 31405
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