9701 Ford AveRichmond Hill, GA 31324
- Retail properties
- 45,627 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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