Property summary
This exceptional multifamily investment opportunity presents a unique chance to acquire a four-unit apartment building in the prestigious Wilmington Plantation community of Savannah, Georgia. Located at 700 Wilmington Island Rd, this fee-simple property boasts a substantial 16,771 square feet of living space spread across four stories within a single building constructed in 2002. The property sits on a 0.07-acre lot (APN: 1010901064) and is zoned PUDM18. The building offers breathtaking deep water and marsh views, enhanced by expansive verandas and balconies. Approved plans, included in the sale, detail the potential to construct one to four units on the top four floors, with wall studs already in place. A private elevator provides convenient access to these upper floors. Residents enjoy access to the community's extensive amenities, including a gated entrance, beautifully landscaped grounds, a lobby, clubhouse, billiard room, riverfront room, swimming pool, dock, and covered parking. The asking price for this remarkable property is $3,000,000. This is a rare chance to own a piece of Savannah's prime waterfront real estate with significant development potential. The property's prime location and luxurious amenities make it an ideal investment for discerning buyers seeking high-return potential in a sought-after coastal community.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Condominium Complex
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Wedding Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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