Retail•Strip Center•For Sale

The Shoppes at Park 17

5918 Ogeechee Road, Savannah, Georgia 31419

Sale Price $4,137,258
Zoning P-B-C
Bldg Type Multi-Tenant
Year Built 1984
Year Renovated 2016
Gross Bldg 51,706 SqFt
Land Area 8.71 Acres
Market Savannah
Sub-Market Georgetown
SVN is pleased to exclusively offer this multi-tenant retail investment opportunity, which includes tenants, Travel Camp, Outlaw Power Sports and U.S. Census (GSA). Originally constructed in 1984 and extensively remodeled over the years, the +/-51,706 square foot building has received numerous upgrades including a new roof in 2016, new HVAC units, reseal and stripe of parking lot to be completed in 2019 and over $250,000 of interior construction improvements for the GSA office build out. The investment also provides additional upside potential from an increase in cash flows, future expansion up to +/- 11,864 square feet as well as an out parcel carve out. SVN is pleased to exclusively offer space for lease at this multi-tenant retail investment opportunity, which includes tenants Outlaw Power Sports and Jumping Jacks of Savannah. Originally constructed in 1984 and extensively remodeled over the years, the +/-51,706 square foot building also has a new roof as of 2016. Located at the southern portion of the intersection at Highway 17 and Highway 204 in Savannah, Georgia. The property is just 2 miles to the east of Interstate 95 (Exit 94) and 3 miles to the west of Veterans Parkway, which provides a central location to Savannah’s Southside, Georgetown, Berwick Plantation and Richmond Hill submarkets.
  • 2020 NOI: $413,725.81
  • 2020 Return: 10%
  • Upside Potential (90% occupied, +/- 11,864 SF Expansion & Out parcel carve out)
  • Zero Deferred Maintenance
  • New Roof and HVAC / Reseal & Stripe of Parking Lot in 2019
  • Wal-Mart Shadowed Center
  • +/- 51,706 SF Retail Center
  • Located at Highway 204 and Highway 17
  • Walmart Shadow Anchored Center
  • New Roof (2016)
12/17/2019 3:56:50 PM 1/23/2020 5:04:08 PM

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