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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
- -
- -
- -
Smoke Cartel was founded in 2013 by art school students in Savannah, Georgia, and began as an online headshop. The business has since grown into an e-commerce company focused on smoking accessories and glass pipes. Smoke Cartel operates across online retail, wholesale distribution, and branded product design and manufacturing. Its product mix includes bongs, vaporizers, dab rigs, pipes, grinders, rolling goods, and related accessories, reflecting a broad position in the smoking accessories market.
- 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
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Victory Plaza West | 302 W Victory Dr
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