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Victory Plaza West 302 W Victory Dr 11,439 SF 100% Leased Retail Building Savannah, GA 31405 $3,200,000 ($279.74/SF) 7% Cap Rate
Investment Highlights
- Great investment opportunity
Executive Summary
A stabilized retail investment in Savannah with strong traffic and immediate income. Victory Plaza West at 302 W Victory Drive is a fully leased, seven-unit shopping center totaling ±9,151 SF, offered at $3,200,000 with a 7% cap rate.
Located on a signalized corner in the Starland District, this high-visibility asset features ±300 feet of frontage along Victory Drive with approximately 25,000 vehicles per day, surrounded by restaurants, bars, and boutique retail.
Property highlights:
• ±9,151 SF fully leased retail center
• Seven-unit shopping center
• 7% cap rate at $3,200,000
• ±13,939 SF lot with TC-2 zoning
• 3-story asset with flexible layout
• 11 on-site parking spaces
• Signalized intersection location
• ±300 feet of frontage on Victory Drive
• Pylon signage for strong visibility
• Bus line access
Location highlights:
• Across from SCAD Victory Village housing
• Positioned in the Starland District
• Surrounded by retail, dining, and nightlife
• Near new multifamily development
Victory Plaza West offers stable in-place income with long-term upside in one of Savannah’s most active commercial corridors.
Located on a signalized corner in the Starland District, this high-visibility asset features ±300 feet of frontage along Victory Drive with approximately 25,000 vehicles per day, surrounded by restaurants, bars, and boutique retail.
Property highlights:
• ±9,151 SF fully leased retail center
• Seven-unit shopping center
• 7% cap rate at $3,200,000
• ±13,939 SF lot with TC-2 zoning
• 3-story asset with flexible layout
• 11 on-site parking spaces
• Signalized intersection location
• ±300 feet of frontage on Victory Drive
• Pylon signage for strong visibility
• Bus line access
Location highlights:
• Across from SCAD Victory Village housing
• Positioned in the Starland District
• Surrounded by retail, dining, and nightlife
• Near new multifamily development
Victory Plaza West offers stable in-place income with long-term upside in one of Savannah’s most active commercial corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,439 SF
Building Class
C
Year Built
1948
Price
$3,200,000
Price Per SF
$279.74
Cap Rate
7%
NOI
$224,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.82
Lot Size
0.32 AC
Zoning
TC-2 - TC-2
Parking
11 Spaces (0.96 Spaces per 1,000 SF Leased)
Frontage
300’ on Victory Drive
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Tenant Controlled HVAC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ayoluwa African Dance Theatre
- Educational Services
- -
- -
- -
- Azaz
- Professional, Scientific, and Technical Services
- -
- -
- -
-
- Retailer
- -
- -
- -
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- Tep Desitribution
- Retailer
- -
- -
- -
- Tramp Art Studios
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ayoluwa African Dance Theatre | Educational Services | - | - | - | ||
| Azaz | Professional, Scientific, and Technical Services | - | - | - | ||
|
|
Retailer | - | - | - | ||
| Tep Desitribution | Retailer | - | - | - | ||
| Tramp Art Studios | Services | - | - | - |
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2007421014 | Improvements Assessment | $336,800 |
| Land Assessment | $115,360 | Total Assessment | $452,160 |
Property Taxes
Parcel Number
2007421014
Land Assessment
$115,360
Improvements Assessment
$336,800
Total Assessment
$452,160
Contacts
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Michelle Parker-Scott -
Parker Denmark -
Sam Clark -
Kase Diehl -
Parker Scott Commercial
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