2001 Derenne Ave - Multi-Family FOR SALE


Savannah, GA 31406- Magnolia Park-Blueberry Hill
$1,650,000 USD
912-484-1330
2001 Derenne Ave, Savannah, GA for Sale
$1,650,000 USD
Multi-Family - FOR SALE
1/5
null | Request Cap Rate

2001 Derenne Ave
Savannah, GA 31406
Magnolia Park-Blueberry Hill


OVERVIEW

Prime Residential Redevelopment Opportunity – 1.1 Acres on E. Derenne Avenue 2001–2015 E. Derenne Ave | Savannah, GA 31406 Offered for sale is a rare 1.1-acre residential redevelopment site in one of Savannah’s most highly trafficked and desirable southside corridors. Zoned RSF-10 (Residential Single-Family-10), the property presents an exceptional opportunity for single-family or townhouse subdivision development, subject to municipal approvals. The site currently includes: A 1,527± SF single-family residence featuring 3 bedrooms and 1 bath An existing 7,200± SF building, formerly used as a Masonic Lodge. While the improvements may offer interim use or repositioning potential, the true value lies in the land, configuration, and zoning—making this an ideal infill development opportunity in a supply-constrained residential market. Strategic Location Situated just minutes from Truman Parkway and Skidaway Road, the property benefits from excellent connectivity to downtown Savannah, medical corridors, shopping, employment centers, and the islands. The surrounding area continues to experience strong residential demand driven by limited developable land and proximity to major infrastructure. Investment Highlights 1.1 acres in a high-demand residential corridor RSF-10 zoning – ideal for single-family or townhouse development Strong frontage and visibility along E. Derenne Avenue Infill redevelopment opportunity in an established neighborhood Close proximity to Truman Parkway, Skidaway Road, and Southside amenities Former institutional use provides flexibility for future site planning. This property is well-positioned for a developer or investor seeking a scalable residential project in one of Savannah’s most stable and growth-oriented submarkets.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

2

PRICE/UNIT

$825,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2001-2015 DeRenne Ave

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

RSF-10

APN/PARCEL ID

20136 01001

ASK ABOUT THIS PROPERTY

Kim LyleThe Commercial GroupMore Info
912-484-1330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kim LyleThe Commercial GroupMore Info
912-484-1330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.