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1014 Abercorn St
Savannah, GA 31401
Retail Property For Sale
Executive Summary
$130K+ Annual Income in Savannah’s Historic District! This Exceptional 3040Sqft, TC-1 Zoned Mixed-Use Property Is A Proven, High-Performing Short-Term Vacation Rental Currently Generating Over $130,000 Per Year, Offering Immediate Cash Flow With Outstanding Long-Term Flexibility. The Property Is Configured As A 5BR/3BA By Combining Two Distinct Units, Featuring Two Full Kitchens And Two Separate Living Rooms, Ideal For Large Groups, Multi-Family Stays, Or Flexible Occupancy. The Ground-Level Unit Is Approved For Retail Or Commercial Use Under TC-1 Zoning And Can Easily Be Converted To A Boutique, Office, Café, Gallery, Studio, Or Service-Oriented Business, While The Upper Level Remains Residential, Creating A Rare Opportunity To Live In One Unit, Rent The Other, Or Create A Seamless Work/Live Combination In The Heart Of The Historic District. TC-1 Zoning Supports A Broad Range Of Commercial, Office, Service, And Residential Uses, Enhancing Both Adaptability And Long-Term Value. Continue Operating As A Lucrative STVR, Separate The Units For Multiple Income Streams, Owner-Occupy One Level While Leasing The Other, Or Reposition The Property As A Classic Mixed-Use Asset With Commercial Revenue Below And Residential Living Or Rental Income Above. Ideally Located In A Highly Walkable Setting Surrounded By Savannah’s Iconic Architecture, Shopping, Dining, Cultural Landmarks, And Downtown Amenities. This Property Offers Rare Zoning, Strong Income, And Multiple Exit Strategies In One Of Savannah’s Most Sought-After And Tightly Held Districts.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,040 SF
Building Class
C
Year Built
1890
Price
$1,490,000
Price Per SF
$490.13
Cap Rate
8.72%
NOI
$130,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.75
Lot Size
0.04 AC
Zoning
TC-1 - TC-1 Zoning Supports A Broad Range Of Commercial, Office, Service, And Residential Uses, Enhancing Both Adaptability And Long-Term Value
Frontage
55’ on Abercorn St
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 2004427012 | Improvements Assessment | $153,560 |
| Land Assessment | $21,160 | Total Assessment | $174,720 |
Property Taxes
Parcel Number
2004427012
Land Assessment
$21,160
Improvements Assessment
$153,560
Total Assessment
$174,720
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