8 W Victory Dr - Office/Residential FOR SALE


Savannah, GA 31405- Metropolitan
$559,000 USD
912-398-0932
8 W Victory Dr, Savannah, GA for Sale
$559,000 USD
Office/Residential - FOR SALE
1/11
null | Request Cap Rate

NEW


8 W Victory Dr
Savannah, GA 31405
Metropolitan


HIGHLIGHTS

  • Vibrant Commercial Location
  • Architectural Plans for Renovation Included
  • Tax Credit Eligible Project

OVERVIEW

Prime Redevelopment with Historic Charm & Strategic Incentives 8 West Victory Drive presents a rare opportunity to creatively reimagine a late-19th-century historic gem just steps from Savannah’s culturally rich Starland District. This 2,125 sf, two-story structure—zoned TC-2—comes with redevelopment-ready plans and access to a suite of financial incentives designed to catalyze revitalization. Key Value-Adds: Historic Tax Credits: Eligible for up to 20% (plus 5% bonus in qualifying zones) of rehabilitation costs—offsetting material, construction, and restoration expenses. Property Tax Savings: A potential 8-year freeze through historic preservation programs, plus a 10-year graduated abatement under Savannah’s Enterprise Zone program. Contextual Advantage: Minutes from Starland’s eateries, galleries, boutiques, and cultural energy—plus walkability, transit access, and strong community buzz. This property ideally suits a developer looking to blend historic preservation with modern innovation—be it a boutique lodging spot, creative office campus, or mixed-use destination. The combination of rich character, strategic location, and robust financial levers makes 8 W Victory Drive a standout redevelopment candidate.

FOR SALE DETAILS

PRICE

$559,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

BN

APN/PARCEL ID

2007424006

ASK ABOUT THIS PROPERTY

Graham SadlerBerkshire Hathaway HomeServices Bay Street RealtyMore Info
912-398-0932

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Graham SadlerBerkshire Hathaway HomeServices Bay Street RealtyMore Info
912-398-0932

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