Build up to 24 units rental units on the site (More possible with zoning variance) 4.38 acre multifamily/commercial development site available only due to partnership dissolution. Current ownership planned a 24 unit multifamily duplex housing community on the property. A development parcel of this size within the city of limits of Savannah is becoming rare indeed.
The site is located along Bonaventure rd., just before the gates of famous Bonaventure Cemetary. The site is informationally known as 0 Bonaventure Rd, with a pin number of 20080-04013.
There are many possibilities for the site including general commercial/ sales, multi-unit storage construction, multifamily rental community, or even the possible construction of single-family home subdivision.
Current owners are searching for the right buyer for this site, as it is their last asset owned together and will be dissolving their partnership to pursue other interest separately. Owners are open-minded and open to hearing all proposals.
Buyer's agents protected!
Based on current plans, 3 bedroom units could rent for $2450.00 per month, giving a potential annual gross revenue potential of $705,600, potentially more earning potential by turning the units into furnished corporate housing.