Property profile

1721 Waters Ave Savannah, GA 31401

FOR SALE
Bars & Pubs
Property ID
US22-4354862
400 SF 0.13 ac lot Built 1913
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This well-established Savannah bar and restaurant, located at 1721 Waters Ave, is offered for sale at $825,000. Boasting 1,936 square feet of interior space and a 5,532 square foot lot, this turnkey operation includes a fully equipped kitchen, bar area, and spacious outdoor courtyard. Currently operating at 100% occupancy, the business benefits from a loyal customer base and prime visibility on a busy road, minutes from downtown Savannah and its vibrant entertainment district. The TC-1 zoning allows for diverse uses, presenting significant expansion opportunities. The property is equipped with state-of-the-art sound systems, lighting, and kitchen appliances, and all necessary licenses and permits are up-to-date. Detailed financial records are available upon request for serious inquiries. The current owner's retirement plans present a unique opportunity for a new owner to acquire a thriving business with potential for further growth through menu expansion, delivery services, or increased marketing. The property's location near hotels and tourist attractions ensures continued customer traffic. This is a rare chance to own a successful, established business in a high-demand area of Savannah, Georgia. The property's APN is 2005524013.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1913
Total area 400 SF
Lot 0.13 ac (5,536 SF)
Zoning code RB
APN 2-0055 -24-013
UPID US22-4354862

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
  • Bar & Pub

Location

1721 Waters Ave Savannah, GA 31401
Savannah metro Census 2100 SAVANNAH, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2026
Last sale
$176,292
5 recorded transactions
2026
$176,274
2020
$176,292
2017
Price N/A
2010
$160,669
2008
$140,000

Zoning & alternative use

RB · Savannah, GA

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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