9701 Ford AveRichmond Hill, GA 31324

  • Retail properties
  • 45,627 SF
For Sale
$4,721,250 View listing

Property Details for 9701 Ford Ave

Year built
1999
Construction
STEEL FRAME
Lot size
12.83 AC
Property size (Sq ft)
45,627 SF
Zone code
CITY
Property type
Retail properties
Property subtype
Outlet malls
APN
053 004 01
APU
5300401

Description

This exceptional 45,608-square-foot shopping center in Richmond Hill, Georgia, presents a compelling investment opportunity. Boasting a prime location at 9701 Ford Ave, 31324, this single-story, 1999-built Class B property features three national tenants, ensuring 100% occupancy and a strong NOI of $401,307. The property sits on a 12.83-acre lot with ample parking (347 spaces) and benefits from a C2 Commercial zoning designation. The asking price is $4,721,250, representing a compelling $103.52 per square foot and an attractive 8.50% capitalization rate. Situated in Bryan County, within the rapidly growing Savannah MSA, this center enjoys high visibility and traffic counts exceeding 39,000 vehicles per day. Its strategic location near Savannah's bustling port, a major economic driver, further enhances its long-term investment potential. The property's strong fundamentals, coupled with its well-below-replacement-cost pricing and low in-place rents, make it an ideal addition to any portfolio. This is a rare opportunity to acquire a stable, high-performing retail asset in one of Georgia's fastest-growing markets. The property's APN is 053-004-01.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,731,470
    6.5%
    $9,905,973
    7%
    $9,198,403
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,819,792
    Geo Method
    $7,819,792
  • Alternative Use

    Use
    Valuation
    Residential
    $8,356,058
    Hospitality
    $7,654,104
    Educational
    $6,368,126
    Medical
    $6,587,135
    Retail
    $9,905,973
9701 Ford Ave, Richmond Hill, Georgia

Location Insight

City
Richmond Hill
County
Bryan
State
Georgia
Latitude
31.9531
Longitude
-81.3132
CBSA code
42340
CBSA name
SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,432
$513,960
$582,400
$1,096,360
-
$1,284,900
$1,456,000
$2,740,900

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].