Technical
Financial
Distress signals
Property profile

4800 Waters Ave Savannah, GA 31404

FOR SALE
Strip malls
Property ID
US22-1688348
61,198 SF 4.24 ac lot Built 1965
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A, 62,011 square foot retail and restaurant center is located in Savannah, Georgia, at 4800 Waters Ave, near the intersection of East 63rd Street and Waters Avenue. Built in 1959, this single-story building sits on a 3.6-acre lot and offers multiple tenancies with a minimum divisible space of 992 square feet and a maximum contiguous space of 11,138 square feet. The property benefits from its strategic location directly across Waters Avenue from the 600+ bed Memorial Health University Medical Center, the only Level 1 Trauma Center in Southeast Georgia and the 6th busiest hospital in the state. This location within Savannah's Medical Arts District provides unparalleled access to a high concentration of medical services and nearly 1,100 beds within a 0.5-mile radius. The property is zoned commercial and offers significant potential for lasting value due to its proximity to this major medical facility and the dense medical community. The building does not include elevators. This is a rare opportunity to acquire a well-positioned commercial property in a thriving medical hub. The property's size and location make it ideal for a variety of retail and restaurant uses.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Total area 61,198 SF
Lot 4.24 ac (184,694 SF)
Zoning code BN
APN 2-0105 -09-001
UPID US22-1688348

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
  • Carpet Cleaning Service Fire Damage Restoration Service

Location

4800 Waters Ave Savannah, GA 31404
Savannah metro Census 3400 SAVANNAH, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.63M
CAP Approach CAP
$13.21M
Comparable Approach Comparable
$15.80M
Blend (final) Blend
$12.09M

Owner & transaction history

since 2021
Last sale
$12.3M
1 recorded transaction
2021
$12.3M

Zoning & alternative use

BN · 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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More about this property
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