1 Berrien St Savannah, GA 31401
This exceptional 0.25-acre vacant land parcel at 1 Berrien Street in Savannah, Georgia (APN 2003133003), presents a unique development opportunity. Zoned D-X (Promote Expansion of Business District), this property is ideally situated at the entrance to the Garrison School of the Arts, a thriving institution experiencing significant student growth. The land boasts a land value of $137.18 per square foot, reflecting its prime location within Savannah's Historic District. Preliminary municipal approvals are in place, and existing development plans are readily available for review by prospective buyers. This site offers significant potential for various projects, including student housing with a retail component, or a purely residential condominium development. The corner lot location provides excellent visibility and accessibility. The asking price for this exceptional property is $1,500,000. This is a rare chance to acquire a strategically located parcel in a vibrant and growing area of Savannah. The property's proximity to the Garrison School of the Arts makes it particularly attractive for projects catering to the student population and the broader community. Serious inquiries are encouraged to explore the full potential of this remarkable development opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.