Property profile

700 Wilmington Island Rd Savannah, GA 31410

OFF-MARKET
Apartment buildings
16,771 SF 0.07 ac lot Built 2002
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Property summary

AI-generated overview

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

Verified
Property type Apartment buildings
Year built 2002
Total area 16,771 SF
Lot 0.07 ac (3,049 SF)

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
  • Real Estate Agency
  • Condominium Complex
  • Wedding Service

Location

700 Wilmington Island Rd Savannah, GA 31410
Savannah metro
Google Maps

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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