SVN is pleased to offer a ±2.588-acre property at Exit 94 of I-95 in Southside Savannah. The property is improved with a ±5,101 square foot free-standing commercial building presently operating as a casual restaurant. Available for lease or ground lease, it offers opportunities for continued restaurant use or redevelopment. Property is zoned P-B-C (Planned Community Business) in unincorporated Chatham County, allowing flexibility for a variety of commercial uses, subject to applicable zoning regulations and governmental approvals.
Building lease rate: $24.50 PSF/yr., NNN; Parcel ground lease rate: $125,000/yr., NNN. Current estimated RETax and Insurance: $3.93 SF/yr.
The property is strategically located at the Northeast quadrant of Exit 94 at I-95 and GA Highway 204 in Southside Savannah. This interchange, known as Gateway, is the southernmost Savannah exit when traveling on I-95. Traffic counts are ±96,550 vehicles per day on I-95 and ±33,500 on GA Highway 204. Gateway features a dense development of hotels, restaurants, retail and services businesses, along with nearby residential communities including the Henderson Golf Course and The Links at Georgetown townhomes. As it flows directly downtown, GA Highway 204 becomes Abercorn Street, an extremely heavy retail corridor that experiences traffic counts of up to 57,000 vehicles per day. Abercorn Street connects residents and tourists with 2 regional malls, Hunter Army Air Field, 3 hospitals, established business and residential communities, the Downtown Historic District and easy access to Savannah's islands and beaches. Continued residential expansion to the west further enhances the area’s long-term growth, highlighted by the nearby New Hampstead master-planned community, which is expected to include more than 10,000 residential units at completion.
Adam Bryant
SVN GASC
