5501 Abercorn St Savannah, GA 31405-6911
- Strip malls
- 9,744 SF
- 3.60 lot acres
Current Use by Public Records
- LINA NAILS SALON / Nail Salon
- Waterless Sparkle / Car Detailing Service / Boat Club
- The UPS Store / Freight Forwarding Service / Mailbox Rental Service
- Covenant Security Surveillance, LLC / Security System Installation Service / Burglar Alarm Store
- Southern Harvest Insurance / Motorcycle Insurance Agency / Renter'S Insurance Agency
Property Details for 5501 Abercorn St
- Year built
- 1979
- Lot size
- 3.60 lot acres
- Property size
- 9,744 SF
- Zone code
- BC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 2-0127 -03-004
- APU
- 2012703004
Description
This thriving Savannah, Georgia bike shop is offered for sale at $467,000. Located at 5501 Abercorn St, in Chatham County, this Class A, 1,600 square foot business boasts a strong track record. The shop has generated $554,274 in total sales and a cash flow of $228,976. The sale includes $115,000 in furniture, fixtures, and equipment (FF&E) and $270,000 in inventory. The business operates as an LLC and is situated in a high-growth area with a vibrant cycling community, presenting significant potential for expansion. This owner-user investment opportunity offers a unique blend of established success and future growth potential in a desirable Savannah location. The price per square foot is $291.88. This is a turnkey operation ready for a new owner to continue its success and build upon its existing loyal customer base. The reason for sale is due to other obligations. This is an exceptional opportunity for an entrepreneur seeking a profitable and established business in a thriving market. The business is categorized under Entertainment and Recreation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $12,545,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $9,415,000
- 6.5%
- $9,300,000
- 7%
- $9,520,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $10,050,000
- Geo Method
- $9,120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $9,885,000
- Retail
- $9,205,000
- Mixed-Use
- $10,370,000
- Hospitality
- $8,255,000
- Educational
- $10,215,000
- Residential Income
- $10,135,000
- Energy
- $9,285,000
- Income-Based Land
- $8,310,000
- Food Service
- $10,115,000
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.1096
- Latitude
- 32.0268
- CBSA code
- 42340
- CBSA name
- SAVANNAH, GA METROPOLITAN STATISTICAL AREA
