15 Westgate BlvdSavannah, GA 31405

Property Details for 15 Westgate Blvd

Year built

1979

Lot size

0.49 AC

Property size (Sq ft)

6,000 SF

Zone code

I-L

Property type

Warehouses

APN

2-0707 -01-017A

APU

2070701017A

Description

This ±6,000 square foot warehouse, located at 15 Westgate Boulevard, offers a prime location for industrial businesses. The property features a single tenancy and boasts approximately 1,000 square feet of office space within the overall ±6,000 square foot metal building. The warehouse itself is a clear-span design, providing maximum flexibility for storage and operations. High ceilings, ranging from 14 to 20 feet, accommodate various equipment and storage needs. Access is convenient with one loading dock and one drive-in door. The property is equipped with 3-phase power, essential for many industrial applications. Zoned I-1 (Light Industrial) by the City of Savannah, this location offers easy access to major roadways, benefiting from its proximity to the Highway 17 and Interstate-516 interchange. Its strategic location also provides convenient access to the greater Savannah area, situated approximately 4 miles from the Georgia Ports Authority's Ocean Terminal. The property will be available for lease on December 1st, 2024. This warehouse presents a compelling opportunity for businesses seeking a well-equipped and strategically located industrial space in Savannah.

• CAP approach

  CAP return

  Valuation

  6%

  $2,835,970

  6.5%

  $2,617,820

  7%

  $2,430,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $858,234

  Geo Method

  $652,896

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,331,230

  Mixed-Use / Specialty

  $1,317,670

  Hospitality / Lodging

  $955,262

  Office

  $1,300,670

  Institutional / Educational

  $1,366,700

  Residential Income

  $1,599,040

  Multifamily

  $1,966,640

  Automotive / Energy

  $1,171,450

  Parking / Income-Based Land

  $412,959

  Restaurant / Food Service

  $666,528

  Healthcare / Senior Housing

  $1,360,280

Location Insight

City

Savannah

County

Chatham

State

Georgia

Latitude

32.0551

Longitude

-81.1451

CBSA code

42340

CBSA name

SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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