5772 Waters AveSavannah, GA 31404

Property Details for 5772 Waters Ave

Year built

1962

Lot size

0.30 AC

Property size (Sq ft)

5,600 SF

Zone code

BN

Property type

Banks

APN

2-0114 -29-015

APU

2011429015

Description

This exceptional 5,900-square-foot commercial property, located at 5772 Waters Avenue in Savannah, Georgia, presents a unique investment opportunity. The two-story building, constructed in 1962 and renovated in 2020, boasts a Class B rating and offers versatile space ideal for traditional office or medical office use. The property features a single tenancy, 27 parking spaces, and a convenient location in the Medical Arts submarket cluster. The building includes a 10-foot ceiling height, one hydraulic passenger elevator, and 277/480 power. The zoning is Commercial/Business, and the property sits on one acre of land. The building's layout is adaptable, with each floor comprising 2,950 square feet, and a three-bay drive-through (potentially enclosable) adding an additional 1,200 square feet to the first floor. The property can be leased as a whole or subdivided into multiple suites. A lobby with an elevator and restroom enhances the building's functionality. Its prime location along Waters Avenue, a major arterial road, ensures high visibility and convenient access to Truman Parkway and Eisenhower Drive, attracting both local and commuter traffic. The property's proximity to shopping centers, restaurants, and healthcare services further enhances its appeal. Property taxes are $2 per square foot. The APN is 2011429015 & 2011429014.

• CAP approach

  CAP return

  Valuation

  6%

  $1,705,785

  6.5%

  $1,574,571

  7%

  $1,462,101

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,261,604

  Geo Method

  $959,757

• Alternative Use

  Use

  Valuation

  Residential

  $1,328,209

  Hospitality

  $1,216,632

  Educational

  $1,012,224

  Medical

  $1,047,036

  Retail

  $1,574,571

Location Insight

City

Savannah

County

Chatham

State

Georgia

Latitude

32.0252

Longitude

-81.0941

CBSA code

42340

CBSA name

SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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