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5011-5013 Garrard Ave - Approved Multi-family Development Project 4.29 Acres of Commercial Land Offered at $2,911,524 CAD in Savannah, GA 31405

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INVESTMENT HIGHLIGHTS

  • This design offers privacy and functionality for both residents and guests

EXECUTIVE SUMMARY

This approved development project offers total density: 75 units - 33 apartment units, divided between two buildings — the “North” and “South” buildings, as outlined in the site plan. The North Building includes a ground-floor fitness center and a rooftop amenity space featuring both indoor and outdoor areas for coffee, work, and socializing. The rooftop offers a dynamic environment for day-to-night use, making it ideal for both relaxation and community engagement. Surrounding surface lots will provide convenient parking, with additional outdoor amenities, including cookout spaces and play areas for residents.
The townhouses are thoughtfully designed in pairs, each featuring a garden-level 1BR/1BA flat that can be used as a living space or a flexible work area. Above each flat is a spacious three-bedroom townhouse with a two-car garage in the rear. Additionally, each townhouse has a separate “carriage house” studio apartment above the garage, accessible via a private lane with parallel parking. This design offers privacy and functionality for both residents and guests.
Approved Multi-Family Development Project -Density 75 Units Total (mix: studio, 1BR, 2BR, 3BR):
14 townhomes
14 garden apartments
14 carriage houses (above 2 car garages)
33 apartments (2 apartment buildings)
Amenity center (ground floor)

PROPERTY FACTS

Price $2,911,524 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 4.29 AC
Zoning P-R-3-6 - Directions: Take Veterans Parkway and exit onto Chatham Parkway. Continue onto Garrard Avenue, then turn left onto Garrard Avenue.

1 LOT AVAILABLE

Lot

Price $2,911,524 CAD
Price Per AC $678,676.94 CAD
Lot Size 4.29 AC

Approved Multi-Family Development Project -Density 75 Units Total (mix: studio, 1BR, 2BR, 3BR): 14 townhomes 14 garden apartments 14 carriage houses (above 2 car garages) 33 apartments (2 apartment buildings) Amenity center (ground floor)

DESCRIPTION

This approved development project offers total density 75 units: 33 apartment units, divided between two buildings — the “North” and “South” buildings, as outlined in the site plan. The North Building includes a ground-floor fitness center and a rooftop amenity space featuring both indoor and outdoor areas for coffee, work, and socializing. The rooftop offers a dynamic environment for day-to-night use, making it ideal for both relaxation and community engagement. Surrounding surface lots will provide convenient parking, with additional outdoor amenities, including cookout spaces and play areas for residents. The townhouses are thoughtfully designed in pairs, each featuring a garden-level 1BR/1BA flat that can be used as a living space or a flexible work area. Above each flat is a spacious three-bedroom townhouse with a two-car garage in the rear. Additionally, each townhouse has a separate “carriage house” studio apartment above the garage, accessible via a private lane with parallel parking. This design offers privacy and functionality for both residents and guests. Approved Multi-Family Development Project -Density 75 Units Total (mix: studio, 1BR, 2BR, 3BR): 14 townhomes 14 garden apartments 14 carriage houses (above 2 car garages) 33 apartments (2 apartment buildings) Amenity center (ground floor)

  • Listing ID: 34135158

  • Date on Market: 2024-12-09

  • Last Updated:

  • Address: 5011-5013 Garrard Ave, Savannah, GA 31405

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