5204 Waters Avenue Ct Savannah, GA 31404
Excellent commercial investment opportunity in a high-demand Savannah corridor! This offering includes two commercially zoned parcels totaling approximately 0.4361 acres, strategically positioned just off Waters Avenue with close proximity to Memorial Health University Medical Center. The front parcel at 5204 Waters Avenue offers strong road frontage and visibility approximately over 100ft, while the adjoining parcel at 1104 E. 67th Street provides additional space for expansion, development, or support use. The front property is a well-constructed, durable build featuring all-brick exterior on all sides with a solid concrete rear exterior. This type of construction offers exceptional longevity, low exterior maintenance, and enhanced resistance to weather-related wear and tear. Buyers will appreciate the added durability, improved energy efficiency, and long-term value retention that comes with full masonry construction. Together, the combined layout presents a versatile opportunity for investors, developers, or owner-users seeking a well-located commercial footprint. There is a Lamar sign on the property 5204 Waters Avenue that brings in $400/month with over 7 years remaining in the contract. Surrounded by established retail, medical, and residential areas, this property benefits from steady traffic flow and continued area growth. Ideal for a variety of commercial uses (buyer to verify zoning and permitted uses). Sale includes both parcels: 5204 Waters Avenue and 1104 E. 67th Street. Parcels are being sold together as a package and will not be sold separately.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.