5700 Waters Ave - Freestanding FOR SALE


Savannah, GA 31404- South Garden
$450,000 USD
404-408-3058
5700 Waters Ave, Savannah, GA for Sale
$450,000 USD
Freestanding - FOR SALE
1/4
null | 4.48% Cap Rate

NEW


5700 Waters Ave
Savannah, GA 31404
South Garden


HIGHLIGHTS

  • Medical Arts District
  • Corner Lot
  • Established Restaurant Location

OVERVIEW

Situated in the heart of Savannah's sought-after Medical Arts area, this 0.26-acre lot presents a compelling opportunity for investors or business owners seeking a foothold in one of the city's most established commercial corridors. Positioned between Memorial Health University Medical Center and Candler Hospital, the property currently houses a long-standing, tenant-occupied restaurant with over 15 years of continuous operation. The site's configuration and prime location support a wide range of commercial uses. Zoned for various commercial and business applications, and surrounded by a thriving industrial and retail environment, this site is a rare chance to capitalize on Midtown Savannah's continued growth and redevelopment potential-whether through renovation, new construction, or continued tenant occupancy. At the rear, a private parking lot offers space for up to eight vehicles-an increasingly valuable asset for any future development. The property benefits from excellent visibility and seamless access to two of Savannah's three major hospitals. It is also ideally located near vibrant residential neighborhoods such as Kensington Park, Fairway Oaks, Greenview, and Habersham Woods. Just minutes from Truman Parkway, downtown Savannah is less than 15 minutes away, with convenient routes to I-95, I-16, and GA-516 ensuring strong regional connectivity. Long term established restaurant currently leasing month to month but may be open to signing a new long term lease.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

4.48%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

CROSS STREETS

E. 71st Street

LAND ACRES

0.3 AC

LAND SF

13,000 SF

ZONING

BN

APN/PARCEL ID

2011429001

ASK ABOUT THIS PROPERTY

Lisa FrenchSRA Signature Realty AgentsMore Info
404-408-3058

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Lisa FrenchSRA Signature Realty AgentsMore Info
404-408-3058

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