2505 Abercorn St - Bank FOR SALE


Savannah, GA 31401- Thomas Square
$4,500,000 USD
912-484-1330
2505 Abercorn St, Savannah, GA for Sale
$4,500,000 USD
Bank - FOR SALE
1/20
null | Request Cap Rate

2505 Abercorn St
Savannah, GA 31401
Thomas Square


HIGHLIGHTS

  • Rare opportunity to acquire a perfectly placed retail asset in Savannah's Starland District, with the potential for multifamily development.
  • 2505 Abercorn Street is easily accessible, just a mile and a half from I-16, 2 miles from Downtown Savannah, and 9 miles from I-95.
  • Attractive, modern features include an attached four-lane drive-thru, prominent pylon and monument signage, and 27 surface parking spaces.
  • Over 242,000 residents live within 10 miles of 2505 Abercorn Street, providing over $2.6 billion in consumer spending throughout 2022.

OVERVIEW

Discover the prime opportunity to acquire a well-connected property at the heart of Savannah’s Starland District at 2505 Abercorn Street. The 0.9-acre lot spans an entire block between Abercorn and Drayton Streets, just north of E Victory Drive. The 0.57 and 0.33-acre parcels feature an existing 2.592-square-foot former bank with an attached four-lane drive-thru, convenient points of ingress/egress, and 27 total surface parking spaces. A highly coveted location makes this a best-in-class opportunity for a retailer looking for an ideal new home or an ambitious multi-family developer looking to meet growing local residential demand. 2505 Abercorn Street is easily accessible, just 1.5 miles from Interstate 16, 9 miles from Interstate 95, and 2 miles from Downtown Savannah/River Street. The Bull Street commercial corridor, a charming and walkable thoroughfare from the Starland District through the Historic District, is less than half a mile away. Bull Street features some of the city’s best shopping and dining opportunities, providing substantial foot traffic to 2505 Abercorn Street. The location is perfectly poised to capture the elevated traffic with prominent pylon and monument signage providing excellent visibility. Zoned TC-1, or Traditional Commercial, this property offers incredible flexibility for a wide variety of commercial uses. A coastal epicenter known for its vital seaport and rich history, Savannah is the oldest and fifth most populous city in Georgia. In addition to the 242,000 residents and $2.6 billion in consumer spending within 10 miles of 2505 Abercorn Street, more than 14,800,000 tourists visit the city annually, providing an impressive additional expenditure of $3.1 billion. With an easily accessible and highly visible location in the heart of Savannah’s Starland District, 2505 Abercorn Street offers the perfect new home for a retail business or multifamily development.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$943 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Bank, Convenience Store, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

BC

APN/PARCEL ID

2007403004,2007403005,2007403006,2007403008,2007410001

ASK ABOUT THIS PROPERTY

Kim LyleBay Street Realty Group | Commercial DivisionMore Info
912-484-1330

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Kim LyleBay Street Realty Group | Commercial DivisionMore Info
912-484-1330

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