12 Derenne Ave Savannah, GA 31405-6702
- Drive through restaurants
- 2,521 SF
- 0.63 lot acres
Current Use by Public Records
- Esther Beauty / Cosmetics Store
Property Details for 12 Derenne Ave
- Year built
- 1987
- Lot size
- 0.63 lot acres
- Property size
- 2,521 SF
- Zone code
- BC
- Property type
- Drive through restaurants
- APN
- 2-0128 -01-002A
- APU
- 2012801002A
Description
This exceptional retail property, located at 12 West Derenne Avenue in Savannah, Georgia, presents a unique investment opportunity. The 2,537 square foot building sits on a 0.63-acre lot and is priced at $1,800,000, or $709.50 per square foot. Previously occupied by Arby's, the property boasts a highly desirable drive-thru feature, a significant advantage in today's fast-paced market. Its prime location on West Derenne Avenue ensures exceptional visibility and accessibility, with a high daily traffic count of 49,100 vehicles. The property benefits from its immediate proximity to established businesses such as Chick-fil-A, Starbucks, and Parker's Kitchen, creating a synergistic environment and attracting a substantial customer base. This strategic location within Chatham County, Georgia, and its 31405 zip code, offers excellent potential for a variety of retail uses. The property's existing infrastructure and high visibility make it an ideal choice for an investor seeking a strong return on investment in a thriving Savannah market. The ample signage opportunities further enhance its marketing potential, ensuring maximum brand exposure. This is a rare opportunity to acquire a well-positioned retail space with a proven track record in a high-traffic area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,505,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,145,000
- 6.5%
- $1,010,000
- 7%
- $1,025,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,230,000
- Geo Method
- $1,200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,295,000
- Retail
- $1,235,000
- Mixed-Use
- $1,245,000
- Hospitality
- $1,275,000
- Educational
- $1,035,000
- Residential Income
- $1,015,000
- Energy
- $1,080,000
- Income-Based Land
- $965,000
- Food Service
- $1,295,000
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.1123
- Latitude
- 32.0297
- CBSA code
- 42340
- CBSA name
- SAVANNAH, GA METROPOLITAN STATISTICAL AREA