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    1002 Gwinnett St Savannah, GA 31401

    For Sale
    $215,000

    Historic Savannah gem, prime location.

    Property size:
    1,586 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 1,586 square foot mixed-use property, located at 1002 E Gwinnett St, Savannah, GA 31401, presents a unique investment opportunity. Built in 1900, this vacant building sits on a 0.05-acre lot and is zoned TR-2. The asking price is $215,000, translating to $135.56 per square foot. The property's charming Victorian-style architecture offers significant potential for renovation. With four bedrooms and two bathrooms, it's ideally suited for conversion into a modern family home, maximizing its residential appeal. Alternatively, its TR-2 zoning allows for commercial use, making it an attractive option for entrepreneurs seeking a unique office or retail space in a rapidly developing area of Savannah. Its proximity to downtown Savannah provides excellent accessibility and visibility. This property offers a compelling blend of historic charm and modern potential, promising a substantial return on investment for the right buyer. The property's APN is 20034 28009. This is a vacant property with no cap rate currently available.

    Property Features for 1002 Gwinnett St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,586 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1900

    HighLights

    • Excellent flip opportunity: Charming Victorian home, ready for renovation.
    • Four‑bedroom, two‑bathroom layout.
    • High potential ROI in a rapidly appreciating neighborhood.
    • TN‑2 zoning allows for commercial use, ideal for office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.081128293115
    Latitude
    32.063298249464

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Savannah gem, prime location.
    Where is this mixed-use property located?
    The property is located at 1002 Gwinnett St Savannah, GA.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: Excellent flip opportunity: Charming Victorian home, ready for renovation.; Four-bedroom, two-bathroom layout.; High potential ROI in a rapidly appreciating neighborhood.
    (912) 433-1072
    Request Owner's contact information
    1002 Gwinnett St Savannah, GA 31401
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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
    1002 Gwinnett St Savannah, GA 31401
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