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31639286
31639288

302 W VICTORY DR, SAVANNAH, GA 31405-1788 For Sale

MP
GA 276851, SC 58178
parker scott properties
Listed by parker scott properties
$3,200,000
87 days on market
Updated 19 days ago

302 W Victory Dr

Details
APN 20074 21014
Property Type Retail, Office
Square Footage 11,439
Units 7
Cap Rate 7.24%
NOI $181,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 5
Year Built 1948
Stories 1
Lot Size (SqFt) 11,529
Zoning BN
Parking Spaces 11 spaces
Parking per 1,000 SqFt 0.96
Ground Lease No

Retail for Sale

Marketing description

Retail • 11,439 SF • 02/24/2020

Shopping center with seven prime retail units offered for sale on Victory Drive in the heart of Savannah’s vibrant Starland District, surrounded by a dynamic mix of bars, restaurants, and boutique shopping. This highly walkable corridor benefits from strong, consistent foot traffic, anchored by the Savannah College of Art and Design Victory Village dormitory complex directly across the street, along with approximately 20,000 vehicles passing daily. The property consists of seven total units, including a mix of ground-level retail spaces and second-level spaces, offering flexibility for an owner-user or value-add investor. The remaining units provide the opportunity for in-place income and tenant diversification. The site features excellent visibility and accessibility, complemented by 11 off-street parking spaces, ample additional street parking, and prominent pylon signage along Victory Drive. Positioned within one of Savannah’s most active and growing corridors, this asset presents a compelling investment opportunity with strong exposure, consistent traffic, and long-term upside potential. The property pulls in $224,000 annually.

Investment highlights

  • 7 retail units, a mix of ground-level retail spaces & second-level spaces, offering flexibility for an owner-user or value-add investor
  • Remaining units provide opportunity for in-place income and tenant diversification
  • Located in Starland District
  • High traffic, highly walkable area
  • Anchored by SCAD Victory Village dormitory complex directly across the street
  • Property pulls in $224,000 annually

Listing Contacts

MP
GA 276851, SC 58178
parker scott properties
Listed by parker scott properties

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$181,000.00
$15,083.33/mo

Valuation Metrics

0
DSCR
5.66%
Cap Rate
5.66%
ROI

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Additional Information

Name
Michelle Parker-Scott
License
276851
Brokerage
Parker Scott Commercial
Brokerage Phone
912-897-6320
Title
Real Estate Broker
Brokerage Address
352 Commercial Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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