Please read the ad entirely for all pertinent details before contacting. For Sale: $2,500,000 Approx 8,855 SF Mixed-Use Property – One Block from Forsyth Park, Savannah, GA Prime Investment Opportunity This mixed-use property consists of two structures on a single PIN, including: -A separate residential home: 1,600 SF (Leased until May 31, 2025) -A commercial space on the corner: 1,354 SF (Leased for 1 year with a 1-year renewal option) -The remaining residential units. Currently vacant for renovations Property Condition & Renovation Plans This property recently experienced a fire in the north portion of the building. We are working with insurance and contractors to begin restoration. This is the second fire in 15 months, which has led to our decision to sell. - First fire (previously restored): Caused by a tenant misusing an extension cord. - Recent fire: Believed to have been caused by an AC condensing unit failure. Despite these setbacks, we intend to restore the property to its pre-fire condition and do additional upgrades to the separate house that was not damaged but could use a few improvements. Planned upgrades include: -New roofs on both buildings -New HVAC systems -Upgraded kitchens & bathrooms -New electrical, plumbing, and windows -Estimated Completion: December 2025 The sale price includes all renovations in progress. Why Sell Now? - The area has transformed from primarily student housing and residential into a mix of commercial and upscale residential properties. - For 20 years, we have been landlords for SCAD students, but the neighborhood is evolving. - With depreciation nearing its end from when we originally purchased and renovated the property and us getting older, it's time to pass this opportunity on to someone who can maximize its potential in line with the area’s changes. Development & Investment Potential - Opportunity to reconfigure larger residential units into smaller ones or expand commercial space, subject to TN-1 zoning approval. - New development north of the property is adding parking, and improving accessibility. - Strong rental & commercial potential in Savannah’s rapidly growing market. This is a rare opportunity to invest in a prime downtown location and shape the property to fit Savannah’s evolving landscape. If you're an investor looking for a redevelopment opportunity, this could be the perfect time to customize and optimize this unique space!