Property profile

340 Eisenhower Dr Savannah, GA 31406

OFF-MARKET
Office buildings
Property ID
US22-1035841
2,557 SF 0.06 ac lot Built 1987
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 2,557 SF
Lot 0.06 ac (2,557 SF)
Zoning code PIP
APN 2-0490 -06-026
UPID US22-1035841

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
  • Medical Clinic
  • Physician
  • Physician
  • Real Estate Agency
  • Dental Office

Location

340 Eisenhower Dr Savannah, GA 31406-1600
Savannah metro Census 4002 SAVANNAH, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$585k
Comparable Approach Comparable
$462k
Blend (final) Blend
$365k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2019
$242,000

Zoning & alternative use

PIP · Savannah, GA
Top alternative use upside
Warehouse, storage $830,000 +102.7%
Medical building $810,000 +97.6%
Retail stores $630,000 +54.2%

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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