2180 E Victory Dr, Savannah, GA 31404 For Sale

2180 E. Victory Drive presents a compelling multifamily development opportunity in one of Savannah’s most established and centrally located corridors. The 1.77± acre site is currently zoned RMF-2-20 and approved for 36 multifamily units, with a proposed rezoning and site plan supporting up to 79 units. The property’s frontage along East Victory Drive, proximity to the Truman Parkway, and access to key amenities position it well for market-rate apartments or a 55+ residential community.

A conceptual site plan thoughtfully incorporates an existing non-contributing historic structure without sacrificing density or parking, aligning with City of Savannah planning objectives while enhancing project character.

INVESTMENT HIGHLIGHTS

• Prime East Victory Drive frontage with strong visibility

• 1.77± acres within the City of Savannah

• Existing RMF-2-20 multifamily zoning

• 36 units approved by right

• Proposed rezoning to achieve up to 79 units

• Conceptual plan incorporates existing structure without loss of density or parking

• Immediate access to Truman Parkway

• Centrally located to shopping, dining, medical, and lifestyle amenities

• Convenient access to Downtown Savannah, Midtown, the Islands, and beaches

• Strong long-term rental demand fundamentals

PROPERTY INFORMATION

• Property Type: Land

• Proposed Use: Multifamily

• Property Subtype: Residential

• Total Lot Size: 1.77± Acres

• Zoning: RMF-2-20 (City of Savannah)

• Current Approved Density: 36 Units

• Proposed Density: Up to 79 Units (subject to rezoning)

EXISTING IMPROVEMENTS

Non-Contributing Single-Family Residence

The property includes a non-contributing, two-story single-family residence constructed in 1938, containing approximately 2,932 square feet of living area. The residence features three (3) bedrooms and two (2) full bathrooms. As a non-contributing structure, the home offers flexibility for incorporation into a future development plan, adaptive reuse, or removal, subject to rezoning and site plan approvals.

LOCATION OVERVIEW

2180 E. Victory Drive is located along one of Savannah’s primary east-west corridors, providing exceptional connectivity to Downtown Savannah, Midtown, and surrounding coastal communities. The site benefits from immediate access to the Truman Parkway, allowing efficient travel throughout the Savannah metropolitan area, including major employment centers and Savannah/Hilton Head International Airport.

Nearby amenities include grocery-anchored retail centers, restaurants, medical facilities, and neighborhood services. The property’s proximity to the Islands and Savannah’s beaches further enhances tenant appeal and long-term marketability.

DEVELOPMENT OPPORTUNITY

The site offers a clear entitlement-driven value-add opportunity. While currently approved for 36 multifamily units, the proposed rezoning and conceptual site plan increase density to up to 79 units, creating meaningful upside potential. The proposed layout preserves an existing non-contributing structure while maintaining parking and density efficiency, supporting a balanced and approvable development strategy.

The location and zoning flexibility make the property well suited for:

• Market-rate multifamily apartments

• Age-restricted (55+) residential development

• Boutique or mid-density multifamily product

DISCLAIMER

All information contained herein is deemed reliable but not guaranteed and is subject to change without notice. Prospective purchasers should conduct their own independent investigation and due diligence regarding the property, zoning, entitlements, and development feasibility.

Offered Exclusively By:

The Commercial Group Real Estate & Development

I’ve created a full, professional Offering Memorandum for 2180 E. Victory Drive in the canvas.

This OM is:

• Investor-ready

• Entitlement-forward

• Cleanly structured for PDF, Buildout, or pitch decks

• Written in institutional development language

Next options (tell me what you want to do next):

1. Brand it with The Commercial Group or Obsidian Arrowhead Development

2. Add a Unit Mix / Density Table (studio / 1BR / 2BR assumptions)

3. Insert a Rezoning & Entitlement Strategy section

4. Add a Financial Assumptions page (rent psf, cost psf, yield)

5. Convert this into a designed one-sheet PDF

6. Tighten language for a Buildout upload version

You now have a solid OM foundation — we can make it sharper, more aggressive, or more conservative depending on who you’re marketing to.