403 Pennsylvania AveSavannah, GA 31404

Property Details for 403 Pennsylvania Ave

Year built

1947

Lot size

0.28 AC

Property size (Sq ft)

2,450 SF

Zone code

R6

Property type

Retail space

APN

2-0036 -11-010

APU

2003611010

Description

This exceptional 7,200 square foot mixed-use property, located at 403-411 Pennsylvania Avenue, presents a unique investment opportunity. Situated on a 0.47-acre lot (20,473 square feet), this Class A building boasts a prime location with excellent visibility and accessibility, offering convenient access to Gordonston, Avondale, and Twickenham. The entire 7,200 square foot building is currently vacant, providing a blank canvas for a variety of retail or special purpose tenants. The property features five individual suites ranging in size from 687 to 2,304 square feet, offering flexibility for various business needs. Built in 1947 and extensively renovated in 2024, the single-story building showcases a modernized exterior with new windows, doors, and roof. Ample parking is provided with 14 spaces, ensuring convenience for customers and employees. The property is zoned commercial (APN 2003611010) and is conveniently located near Clemson Street. This is an ideal opportunity for an investor or business owner seeking a high-visibility location in a thriving area. The property's recent renovation, ample parking, and strategic location combine to create a compelling investment prospect. Don't miss this chance to secure a prime retail space in a rapidly developing neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $588,883

  6.5%

  $543,584

  7%

  $504,756

• Comparable approach

  Method

  Valuation

  Relative Method

  $227,790

  Geo Method

  $173,289

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,068,940

  Mixed-Use / Specialty

  $538,049

  Hospitality / Lodging

  $390,065

  Office

  $531,105

  Institutional / Educational

  $558,068

  Residential Income

  $652,940

  Multifamily

  $803,044

  Automotive / Energy

  $478,344

  Parking / Income-Based Land

  $168,625

  Restaurant / Food Service

  $272,166

  Healthcare / Senior Housing

  $555,448

Location Insight

City

Savannah

County

Chatham

State

Georgia

Latitude

32.0634

Longitude

-81.0599

CBSA code

42340

CBSA name

SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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