423 W 42nd St - Retail FOR SALE


Savannah, GA 31401- Metropolitan
$499,000 USD
912-433-1072
423 W 42nd St, Savannah, GA for Sale
$499,000 USD
Retail - FOR SALE
1/35
null | Request Cap Rate

423 W 42nd St
Savannah, GA 31401
Metropolitan


HIGHLIGHTS

  • Prime Downtown Location – Situated in Savannah’s Historic District near SCAD, retail, and dining
  • High-Growth Corridor – Surrounded by active redevelopment and new construction next door
  • Flexible TC-1 Zoning – Allows for short-term rental, mixed-use, office, or residential use
  • Value-Add Opportunity – Ideal for investors looking to create equity through completion and repositioning
  • Major Systems Already Addressed – New roof, updated electrical, partial plumbing, and new main line installed
  • Structural Work Completed – Significant upfront construction risk already mitigated

OVERVIEW

Opportunity is here located in Savannah’s Downtown Historic District, 423 W. 42nd Street is a rare blank slate value-add opportunity with tremendous flexibility and huge upside. With commercial zoning TC-1 the possibilities are HUGE including STVR, Single family home, retail and much more. This 2,448 SF property currently features 3 bedrooms and 3.5 bathrooms and has already undergone significant improvements removing a lot of the heavy lifting including a new roof, updated electrical, partial plumbing, new main line to the city, siding and completed structural work. Original Victorian features remain, offering the chance to blend historic charm with modern design.With approved plans, floating staircase, and some materials included, much of the groundwork is already in place. Located near SCAD and surrounded by ongoing huge redevelopment, this is a prime opportunity to create value in a rapidly growing area. Call today to book a showing and secure this property and start your vision.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

STATUS

Under Renovation

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

TC-1

APN/PARCEL ID

2007418001

ASK ABOUT THIS PROPERTY

Brandon FargoKeller Williams Realty Coastal Area PartnersMore Info
912-433-1072

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Brandon FargoKeller Williams Realty Coastal Area PartnersMore Info
912-433-1072

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