1721 Waters Ave, Savannah, GA 31401
For Sale
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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.
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The Avenue Bar &Grill Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RB · Savannah, GASavannah. Always verify with local authorities before improvements.
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.