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    Investment properties

    8 Victory Dr, Savannah, GA 31405-1714

    2,125 SF 0.08 ac lot Built 1890
    Entity Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US22-1102422
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1890
    Total area 2,125 SF
    Lot 0.08 ac (3,372 SF)
    Zoning code BN
    APN 2-0074 -24-006
    UPID US22-1102422
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Durbin Holdings LLC · 16 yrs held
    Durbin Holdings LLC
    since 2010
    3 recorded transactions
    2010
    2009
    2005
    $285,000
    Zoning & alternative use
    BN · Savannah, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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