Property summary
This exceptional 2,648 square foot medical office condo in Savannah, Georgia, presents a unique investment opportunity for owner-occupants or investors. Located at 340 Eisenhower Dr, this Class B property boasts two units totaling 2,648 net rentable square feet, situated on the first floor of a building constructed in 1987 and extensively renovated in 2018. The larger unit offers approximately 1,600 square feet with two separate entrances, while the second unit comprises approximately 1,048 square feet. Recent upgrades include spray foam insulation and new HVAC units/ducts installed in 2018, and a new roof in 2023, all contributing to energy efficiency and low maintenance. The property benefits from a convenient location near Oglethorpe Mall in Savannah's Midtown, providing easy access to Interstates I-16 and I-516, as well as Truman and Veteran Parkways. Its strategic position within a thriving business district, surrounded by law, accounting, medical, and government offices, retail establishments, and restaurants, ensures high visibility and potential for strong tenant demand. The OI-E zoning permits a variety of uses, including hair salons, barber shops, beauty salons, nail salons, tanning establishments, massage therapy, acupuncture, and day spas, expanding the potential tenant pool. Monthly condo fees of $331 cover exterior maintenance and insurance, minimizing ongoing expenses. The asking price is $550,000, translating to $207.70 per square foot. This property offers a compelling combination of location, recent improvements, and versatile zoning, making it an attractive prospect for a wide range of buyers. The APN is 2049006022A.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Physician
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Physician
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Real Estate Agency
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Dental Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
PIP · Savannah, GAZoning
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Zoning designation
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