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    422 43Rd St Savannah, GA 31401

    Sponsored
    For Sale
    $1,080,000

    Historic District gem; high ROI potential.

    Property size:
    2,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Savannah, GA mixed-use property presents a compelling investment opportunity. Located in the Historic Streetcar District, directly across from SCAD student housing, this 2,800 square foot building boasts original hardwood floors, oversized trim, and a large fenced patio. The property, built in 1920 and renovated in 2008, features six parking spaces, ADA-compliant access, and rear access to the second-floor residential unit. Zoned TC-2, it offers diverse usage potential. The current lease, a NNN lease, expired on 12/31/2023, presenting a value-add opportunity. The building has a 4.44% cap rate and a NOI of $48,000. Owner financing is available. This single-unit, two-story building represents a strong return on investment in a vibrant, high-demand location. The asking price is $1,080,000.

    Property Features for 422 43Rd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,800 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1920/2008
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Exceptional investment opportunity in Savannah's Historic Streetcar District, across from SCAD student housing.
    • Features original hardwood floors, oversized trim, and a large fenced patio.
    • 2,800 square feet with TC‑2 zoning, allowing diverse uses.
    • Includes six parking spaces, ADA accessibility, and rear second‑floor access.
    • Owner financing is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Third Space Collective Book Store House Of DANIETTÉ Fashion Designer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.1068525
    Latitude
    32.0540685

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    FAQs

    What type of property is this?
    Individual retail property - Historic District gem; high ROI potential.
    Where is this individual retail property located?
    The property is located at 422 43Rd St Savannah, GA.
    What is the asking price?
    The asking price for this property is $1,080,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity in Savannah's Historic Streetcar District, across from SCAD student housing.; Features original hardwood floors, oversized trim, and a large fenced patio.; 2,800 square feet with TC-2 zoning, allowing diverse uses.
    Request Owner's contact information
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    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
    422 43Rd St Savannah, GA 31401
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