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422 W 43Rd St Savannah, GA 31401

Retail space Google Maps
2,800 SF Built 1920
Estimated value
No estimation on file for this property yet.
Property ID US22-4122989

Property summary

AI-generated overview

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 profile

Verified
Property type Retail space
Year built 1920
Total area 2,800 SF
APN 2007418011
UPID US22-4122989

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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