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    OFF-MARKET
    Apartment buildings

    700 Wilmington Island Rd, Savannah, GA 31410

    16,771 SF 0.07 ac lot Built 2002
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Advanced Real Estate Services Real Estate Agency
    • Wilmington Plantation Condominium Complex
    • 700 Wilmington Wedding Venue Wedding Service
    Value estimations
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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