Log In/Sign Up
Your email has been sent.
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
- -
- -
- -
Smoke Cartel seeks to offer an immersive, inclusive and meaningful experience for all types of consumers while leading the way in innovation. This online headshop is an industry leader producing some of the most recognized brands and highest quality products. Smoke Cartel is a small passionate team (based in Savannah, GA) dedicated to helping you find premium glass bongs, glass rigs and hand pipes of all stripes, vaporizers, dab pens and other cool counterculture tools. From hemp goods to herb grinders, travel pouches to butane torch lighters, we have the gear to make the perfect smoking experience!
- 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
-
Michelle Parker-Scott -
Parker Denmark -
Sam Clark -
Kase Diehl -
Parker Scott Commercial
1 of 52
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Victory Plaza West | 302 W Victory Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.