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906 E 72nd, Savannah, GA 31405
$1,848,000
906 E 72nd, Savannah, GA 31405View this property at 906 E 72nd, Savannah, GA 31405
906 E 72ndSavannahGA31405
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Property Description
The building is a one-story retail/office building constructed in 1970 and renovated in 2022. It has 22 spaces which equates to 3.19 spaces/1,000 sq. ft. There are 6 units in the building and all are leased. The foundation is slab, framing is masonry, and the exterior walls are block and stucco. Each unit has a retail storefront-sized glass window. The roof is flat and comprised of a rubber membrane. Floors are LVP; tile, and sealed concrete. Walls are gypsum and the ceilings are either exposed or covered with acoustic ceiling tiles. Road Access/Utilities a The site is accessed via either E. 72nd St. or Sutlive St and all utilities are to the building. Opportunity a This is a great opportunity to acquire a cash-flowing asset with solid leases in place at a 7.8% cap rate.
Full Property Details
Full Property Details for 906 E 72nd
General
- Price: $1,848,000
- Taxes: $8,933 (2023)
- Status: Active
- Type: Commercial
- MLS ID: 10211976
- Updated: 10/23/2023
- Added to Site: 203 day(s) ago
Location
- County: Chatham
- Driving Directions: The site is located just 335 feet to the north of DeRenne Ave. and just 350 feet from Waters Ave. to the west. This is one of the busiest areas in Savannah as DeRenne is the only gateway to the Southside from the west via Highways 521/21 and Interstate 16. Location is centered between two hospitals.
Heating & Cooling
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Utility Description: Cable Available, Electricity Available, High-Speed Internet, Phone Available, Sewer Available, Water Available
Structural Information
- Construction Status: Updated/Remodeled
- Square Feet: 6,900
- Sq. Ft. Source: Appraiser
- Year Built: 1970
Lot Features
- Lot Size (Acres): 0.38
- Lot Size Range: .38
- Lot Size Source: Public Records
- Lot Description: Corner Lot
Financial Considerations
- Tax Amount: $8,933
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.4%
- Special Conditions: Investor-Owned
Listing Courtesy of: Parker Scott Properties
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Schools
Schools serving 906 E 72nd
School District:Savannah-Chatham County Schools
Rating | Name | Grades | Distance |
---|---|---|---|
210 Lamara Dr, Savannah, GA 31405 | PK-5 | 0.8 mi | |
2025 E 52nd St, Savannah, GA 31404 | 6-8 | 1.6 mi | |
1800 E Derenne Ave, Savannah, GA 31406 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 906 E 72nd
Date
Details
Price
Change
Source
10/09/2023
Listed
$1,848,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 906 E 72nd
Year
Property Taxes
Change
Tax Assessment
Change
2021
$12,516
-24%
$289,800
—
2022
$16,466
80%
$289,800
—
2020
$9,150
53%
$289,800
—
2017
$5,982
—
$289,800
42%
2017
$5,982
1%
$204,000
—
2016
$5,951
—
$204,000
-38%
2015
$5,962
59%
$327,320
164%
2013
$3,753
—
$123,880
-4%
2013
$3,753
—
$129,680
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 906 E 72nd
906 E 72nd, Savannah, GA 31405 (MLS# 10211976) is a Commercial property. 906 E 72nd is currently listed for $1,848,000 and was received on October 09, 2023. Want to learn more about 906 E 72nd? Do you have questions about finding other Commercial real estate for sale in Savannah? You can browse all Savannah real estate or contact a Coldwell Banker agent to request more information.