Property profile

2015 Mills B Lane Blvd Savannah, GA 31405

OFF-MARKET
Industrial properties
8,500 SF 0.52 ac lot Built 1977
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Property summary

AI-generated overview

This Savannah, Georgia industrial property presents a compelling investment opportunity. The 8,500-square-foot flex space building, constructed in 1977, sits on a 0.52-acre lot and is zoned LIR (Light Industrial Restricted). Conveniently located near Ogeechee Road and Lynes Parkway, it offers easy access to downtown Savannah, Garden City, and the Georgia Ports Authority. The single-story building features five offices and substantial warehouse space. Currently tenant-occupied, although no formal lease exists, a 60-day notice is required for tenant vacating. The asking price is $1,250,000, translating to $147.06 per square foot. This property's prime location and versatile space make it an attractive prospect for investors seeking a strong return. The property's address is 2015 Mills B Ln Blvd, Savannah, GA 31405. The building's single-story design and convenient access points contribute to its operational efficiency. The existing tenant occupancy provides immediate cash flow potential, although investors should factor in the 60-day notice requirement for vacancy. This presents a chance to acquire a well-situated industrial property in a thriving market.

Property profile

Verified
Property type Industrial properties
Year built 1977
Total area 8,500 SF
Lot 0.52 ac (22,651 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
  • Big Box & Wholesale Store
  • Corporate Office

Location

2015 Mills B Lane Blvd Savannah, GA 31405
Savannah metro
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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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