This Land Property is Off-Market.

9902 Ferguson Avenue
Savannah, GA 31406 ·

37 AC · Land For Sale

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Marsh Point Mobile Home Park

Price N/A Property Sub-type Commercial/Other (land)
Lot Size 37 AC Property Use Type Vacant/Owner-User
Property Type Land Total Lot Size 37 AC
Listing ID: 17576639 Date Created: 03/16/2012 Last Updated: 01/31/2013

1 Lot

Lot 1

Lot Size 37 AC Lot Type Commercial/Other (land)

Description

Sperry Van Ness is pleased to offer Marsh Point Mobile Home Park, a rare opportunity to purchase fee-simple land near The Landings at Skidaway Island. Comprising 191 lots situated on +/- 37 acres of land located at Ferguson Avenue and Diamond Causeway, occupancy levels are at 100% with gross revenues of $466,106.77, which will continue to increase as the present numbers reflect some vacancy that has since been occupied. The property is best suited for a future mixed-use development with a retail component that will serve the highest net-worth residents of the Savannah MSA while providing an immediate income stream. There is limited existing retail in the area with no availability of land for future development due to geographical constraints of marshland as well as deed restricted land only available via land lease and cannot be transferred.

Located in Southeast Savannah, Georgia, at Ferguson Avenue and the Diamond Causeway near the entrance to The Landings at Skidaway Island, which is a 6,500 acre master-planned community home to over 8,500 residents. Among the most exclusive communities in Savannah, the Landings provides their residents with access to 6 golf courses, 4 clubhouses with restaurants, 2 marinas with access to the Intracoastal Waterway, 34 tennis courts and 40 miles of walking/bike trails. The area is quickly accessible to many parts of Savannah via the Truman Parkway, which runs North and South through the Eastern part of Savannah and is presently being extended to Abercorn Street with completion expected in 2013.

Highlights

  • Immed. Income ~Mixed-Use Development Opportunity
  • 100% Occupied ~ $466,106.77 Gross Income
  • Near Entrance to The Landings at Skidaway Island
  • Convenient to Downtown, Beaches, I-95, I-16

Research

9902 Ferguson Avenue, Savannah, GA 31406 (Chatham County)

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