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5320 Waters Ave 1.94 Acres of Commercial Land in Savannah, GA 31404
Investment Highlights
- One-of-a-kind infill opportunity in Savannah's revitalized Midtown Corridor.
- Includes a 14,136 SF restaurant and catering building plus one leased residential rental unit.
- Highly versatile B-N zoning (with one RSF-6 lot) supports retail, office, hospitality, and senior care.
- 1.94-acre assemblage consisting of six parcels with frontage near Waters Avenue.
- Surrounded by major medical anchors: Memorial Health and St. Joseph's/Candler Hospital.
- Excellent access to DeRenne Avenue and Truman Parkway, serving as key commuter routes.
Executive Summary
The B-N (Neighborhood Business) zoning, with one parcel zoned RSF-6, allows for flexible redevelopment into a broad range of commercial or mixed-use applications. Potential uses include retail, restaurant, office, medical office, hotel/extended stay, and specialized healthcare such as assisted living or skilled nursing facilities. With proximity to DeRenne Avenue, Truman Parkway, and major medical institutions, this site delivers connectivity and long-term growth appeal for developers and end-users alike.
This property pairs prime frontage and locational strengths with the adaptability of six contiguous parcels, creating a rare chance to capture a piece of the vibrant Midtown Savannah market.
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 1.94 AC |
| Zoning | BN - Business Zoning | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.94 AC |
| Zoning | BN - Business Zoning |
1 Lot Available
Lot
| Lot Size | 1.94 AC |
| Lot Size | 1.94 AC |
This is a fee-simple sale of six parcels totaling 1.94 acres, including an existing 14,136 SF restaurant/catering facility, one leased residential rental property, and three vacant lots. B-N zoning permits diverse commercial applications.
Description
This 1.94-acre assemblage in Savannah’s dynamic Midtown Corridor offers an exceptional infill development opportunity with unmatched flexibility. The site is comprised of six tax parcels, including a primary 1.24-acre lot improved with a 14,136 SF restaurant and catering facility, one leased residential rental unit, and multiple auxiliary structures. Three additional lots are unimproved, providing a significant land component for redevelopment. Ideally situated just off Waters Avenue, the property is surrounded by major healthcare drivers, including Memorial Health University Medical Center and St. Joseph’s/Candler Hospital, as well as numerous medical office practices. The location benefits from strong traffic patterns, institutional demand, and seamless connectivity to DeRenne Avenue and Truman Parkway, providing convenient access to all parts of Savannah.
Property Taxes
| Parcel Numbers | Improvements Assessment | $368,824 CAD | |
| Land Assessment | $523,773 CAD | Total Assessment | $892,598 CAD |
Property Taxes
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5320 Waters Ave
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