3237 Bay StSavannah, GA 31408

Property Details for 3237 Bay St

Year built

1970

Lot size

0.68 AC

Property size (Sq ft)

11,320 SF

Zone code

BH

Property type

Retail properties

Property subtype

Auto shops

APN

2-0024 -06-001

APU

2002406001

Description

This ±11,320 square foot service facility in Savannah, GA, is available for sale or lease. Ideally suited for automotive use or adaptable for various businesses, it features a flexible layout including office space with reception/showroom and multiple rooms. An 8-bay maintenance area is equipped with car lifts and air lines. Mezzanine-level storage with racking is also present. The building boasts ten drive-in/overhead doors (five 10'x10' and five 10'x12'), an 18' clear height, and steel construction. The fully paved, fenced lot offers seven customer parking spaces. Zoned B-C (Community-Business), this prominent Bay Street location provides approximately 265 feet of frontage, high visibility to an estimated 17,300 vehicles daily, and pylon signage opportunities. Its proximity to the Port of Savannah (1.4 miles) and Downtown Savannah (3 miles) adds significant value. This turn-key property presents a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,448,122

  6.5%

  $3,182,882

  7%

  $2,955,533

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,550,243

  Geo Method

  $1,940,080

• Alternative Use

  Use

  Valuation

  Residential

  $2,684,880

  Hospitality

  $2,459,336

  Educational

  $2,046,138

  Medical

  $2,116,508

  Retail

  $3,182,882

Location Insight

City

Savannah

County

Chatham

State

Georgia

Latitude

32.0961

Longitude

-81.1388

CBSA code

42340

CBSA name

SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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