8 Victory Dr, Savannah, GA 31405-1714
This exceptional 2,125 square foot mixed-use building, constructed in 1890, presents a unique investment opportunity in Savannah's vibrant midtown. Situated on a 3,354 square foot lot (40' x 90'), this historic structure, located within the Streetcar Historic District, offers significant potential. The property is currently vacant, allowing for complete customization. While much of the original historic fabric remains, a full renovation is needed to realize its full potential. The building's commercial zoning (TC-2) opens doors to various uses, and its historic nature may qualify it for potential tax credits. Benefitting from a high-traffic location, the property is adjacent to a busy fast-food restaurant and directly across from the SCAD-owned "One West Victory" development. The desirable Starland district is also within easy walking distance. The asking price is $589,000, translating to $277.18 per square foot. This presents a compelling opportunity to acquire a piece of Savannah's rich history and capitalize on its thriving commercial landscape. The property's APN is 2007424006.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
BN · Savannah, GASavannah. Always verify with local authorities before improvements.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.