5772 Waters Ave Savannah, GA 31404-6240
- Banks
- 5,600 SF
- 0.30 lot acres
Current Use by Public Records
- Bank of America (with Drive-thru services) / Financial Planner / Bank
Property Details for 5772 Waters Ave
- Year built
- 1962
- Lot size
- 0.30 lot acres
- Property size
- 5,600 SF
- Zone code
- BN
- Property type
- Banks
- APN
- 2-0114 -29-015
- APU
- 2011429015
Description
This exceptional 5,900-square-foot commercial property, located at 5772 Waters Avenue in Savannah, Georgia, presents a unique investment opportunity. The two-story building, constructed in 1962 and renovated in 2020, boasts a Class B rating and offers versatile space ideal for traditional office or medical office use. The property features a single tenancy, 27 parking spaces, and a convenient location in the Medical Arts submarket cluster. The building includes a 10-foot ceiling height, one hydraulic passenger elevator, and 277/480 power. The zoning is Commercial/Business, and the property sits on one acre of land. The building's layout is adaptable, with each floor comprising 2,950 square feet, and a three-bay drive-through (potentially enclosable) adding an additional 1,200 square feet to the first floor. The property can be leased as a whole or subdivided into multiple suites. A lobby with an elevator and restroom enhances the building's functionality. Its prime location along Waters Avenue, a major arterial road, ensures high visibility and convenient access to Truman Parkway and Eisenhower Drive, attracting both local and commuter traffic. The property's proximity to shopping centers, restaurants, and healthcare services further enhances its appeal. Property taxes are $2 per square foot. The APN is 2011429015 & 2011429014.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $395,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $385,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $420,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $510,000
- Mixed-Use
- $435,000
- Hospitality
- $415,000
- Educational
- $425,000
- Residential Income
- $395,000
- Energy
- $455,000
- Income-Based Land
- $430,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.0941
- Latitude
- 32.0252
- CBSA code
- 42340
- CBSA name
- SAVANNAH, GA METROPOLITAN STATISTICAL AREA