1930 Montgomery StSavannah, GA 31401

Property Details for 1930 Montgomery St

Year built

1955

Lot size

0.23 AC

Property size (Sq ft)

6,080 SF

Zone code

BC

Property type

Retail properties

Property subtype

Retail space

APN

2-0066 -44-014

APU

2006644014

Description

This exceptional 6,880-square-foot multi-purpose facility at 1930 Montgomery St., Savannah, GA 31401, presents a unique investment opportunity. Originally an automotive facility, the building, renovated in 2022, offers a flexible layout ideal for coworking, creative office, retail, or restaurant uses. The two-story structure features 12-foot ceilings, four functional roll-up doors (three currently partially covered by easily removable wood framing), two restrooms, and ample off-street parking for 23 vehicles. The property boasts a robust 600-amp single-phase power supply and over 20 tons of HVAC. A security system and private lockable office space are also included. The 12,000-square-foot lot is zoned TC-2. The minimum divisible space is 1,600 square-foot, with a maximum contiguous space of 6,880 square-foot. Property taxes are $1 per square foot. The building's excellent location near high-density young professional residential developments makes it highly attractive for food or retail businesses. The landlord is open to negotiating partial or full leases and build-to-suit options. The property is available with four months' notice to the existing tenant. This versatile space offers significant potential for a variety of businesses seeking a prominent Savannah location. The cross street is 36th St. There are no elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $1,851,995

  6.5%

  $1,709,534

  7%

  $1,587,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,369,742

  Geo Method

  $1,042,022

• Alternative Use

  Use

  Valuation

  Residential

  $1,442,056

  Hospitality

  $1,320,915

  Educational

  $1,098,986

  Medical

  $1,136,782

  Retail

  $1,709,534

Location Insight

City

Savannah

County

Chatham

State

Georgia

Latitude

32.0593

Longitude

-81.1037

CBSA code

42340

CBSA name

SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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