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309 Tibet Ave - Multi-Use Property on 4.7 Acres in Savannah 12,616 SF Specialty Building Offered For Sale in Savannah, GA 31406
Investment Highlights
- This is a rare opportunity to acquire a centrally located property with both immediate utility.
- There is a significant redevelopment upside in one of Savannah’s most active and expanding areas.
Executive Summary
We are pleased to present 309 Tibet Avenue, a premier investment opportunity featuring a well maintained 12,616-square-foot multi-purpose building with ample on-site parking.
The structure includes 17 rooms: two large auditoriums, two conference rooms, eleven offices, two corner executive offices, two meeting rooms, two changing rooms, two restrooms, and a fully equipped commercial-grade kitchen. With its flexible layout and modern finishes, the building is ideal for continued operational use while future development plans are explored.
Situated on 4.7 acres in a highly central location, this site is zoned Residential Multifamily 2-25 (RMF-2-25) and is ideally suited for multifamily or townhome development. The property offers the potential for up to approximately 100 residential units, creating a compelling opportunity for investors and developers seeking growth in a strong and rapidly expanding residential corridor
Located just off Abercorn Street, the property benefits from excellent visibility and accessibility, with traffic counts exceeding 63,000 vehicles per day on Derenne Avenue and 42,000 vehicles per day on Abercorn Street. More than 9,000 residents live within a one-mile radius, and the site offers convenient access to Route 204, I-95, and I-16. Nearby institutions include major medical facilities, Savannah Technical College, and Hunter Army Airfield.
The structure includes 17 rooms: two large auditoriums, two conference rooms, eleven offices, two corner executive offices, two meeting rooms, two changing rooms, two restrooms, and a fully equipped commercial-grade kitchen. With its flexible layout and modern finishes, the building is ideal for continued operational use while future development plans are explored.
Situated on 4.7 acres in a highly central location, this site is zoned Residential Multifamily 2-25 (RMF-2-25) and is ideally suited for multifamily or townhome development. The property offers the potential for up to approximately 100 residential units, creating a compelling opportunity for investors and developers seeking growth in a strong and rapidly expanding residential corridor
Located just off Abercorn Street, the property benefits from excellent visibility and accessibility, with traffic counts exceeding 63,000 vehicles per day on Derenne Avenue and 42,000 vehicles per day on Abercorn Street. More than 9,000 residents live within a one-mile radius, and the site offers convenient access to Route 204, I-95, and I-16. Nearby institutions include major medical facilities, Savannah Technical College, and Hunter Army Airfield.
Property Facts
| Sale Type | Investment | Building Size | 12,616 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1970 |
| Lot Size | 4.70 AC | Parking Ratio | 3.96/1,000 SF |
| Zoning | RMF-2-25 - Residential Multi-Family | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Lot Size | 4.70 AC |
| Building Size | 12,616 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 3.96/1,000 SF |
| Zoning | RMF-2-25 - Residential Multi-Family |
Amenities
- Smoke Detector
Property Taxes
| Parcel Number | 2064703006 | Improvements Assessment | $197,360 |
| Land Assessment | $220,000 | Total Assessment | $417,360 |
Property Taxes
Parcel Number
2064703006
Land Assessment
$220,000
Improvements Assessment
$197,360
Total Assessment
$417,360
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309 Tibet Ave - Multi-Use Property on 4.7 Acres in Savannah
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