6203 Abercorn StSavannah, GA 31406

Property Details for 6203 Abercorn St

Year built

1978

Lot size

0.54 AC

Property size (Sq ft)

7,800 SF

Zone code

RIP

Property type

Office properties

Property subtype

Office buildings

APN

2-0130 -04-003

APU

2013004003

Description

This exceptional 1.97-acre commercial land parcel presents a unique investment opportunity in Savannah, Georgia. Located at 6203-6207 Abercorn Street, in Chatham County, zip code 31406 (31.9858113, -81.0865035), this property is zoned C-2, offering considerable development flexibility. The asking price of $3,800,000 reflects the land value only. Two existing buildings are situated on the site, but they are sold "as is," and the sale price does not include their value. The current condition of these structures is not guaranteed and requires independent assessment. A rental roll for the existing buildings is available upon request, providing potential insight into the property's income-generating capacity. This prime location on the southside of Savannah makes it ideally suited for a variety of commercial ventures, particularly a hotel, as suggested by the investment highlights. The substantial lot size and favorable zoning regulations create a compelling opportunity for developers seeking a high-impact project in a thriving Georgia market. Serious inquiries are encouraged to explore the full potential of this exceptional property. All information provided is deemed reliable but not guaranteed and should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $1,616,268

  6.5%

  $1,491,940

  7%

  $1,385,373

• Comparable approach

  Method

  Valuation

  Relative Method

  $697,315

  Geo Method

  $530,478

• Alternative Use

  Use

  Valuation

  Residential

  $1,850,006

  Hospitality

  $1,694,595

  Educational

  $1,409,883

  Medical

  $1,458,371

  Retail

  $2,193,152

Location Insight

City

Savannah

County

Chatham

State

Georgia

Latitude

32.0209

Longitude

-81.1113

CBSA code

42340

CBSA name

SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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