15.39 Acre Parcel, Savannah Msa

Property Description

RI Marketplace Online Auction Dec. 4-6, 2023.

Register to Bid.

Investment Highlights

±15.39 AC of Land in Savannah MSA with 5,486 VPD Traffic Counts Passing Site Daily

Population of ±46,915 and Average Household Income of ±$104,194 (5-Mile Radius); Recent 71% Population Growth

Flexible B-3, Highway Commercial Zoning with Permitted Uses including Retail, Mixed-Use Residential, and Self-Storage (conditional use)

Nearby Retail: Food Lion, Family Dollar, Zaxby's, Cvs, and more | I-95 Positioned ±5 Miles East

Absolute $1 Auction - NO Reserve

Offering Summary

Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±15.39-Acre land parcel located adjacent to 3727 Noel C Conaway Road (the “Property”) in Port Wentworth, Georgia approximately 15 miles northwest of downtown Savannah. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property is a ±15.39-Acre parcel in the Savannah Msa, situated adjacent to Dollar General with frontage and visibility on McNoel C Conaway Road with traffic counts of ±5,486 vehicles per day. The Property benefits from proximity to a strong commercial node and logistics drivers within an affluent residential community. Nearby retailers include Food Lion, Family Dollar, Zaxby's, Cvs, and more. Additionally, this vacant land is positioned near some of the area's largest employers and is just ±10-Minutes from Savannah/Hilton Head International Airport, East Coast Warehouse & Distribution of Georgia, FedEx Ground Distribution, Geodis I Contract Logistics and many others. Within five miles of the Property, the population has grown 71% since 2010 with future growth of 8.07% anticipated between 2023 and 2028. Due to its strategic location in a growing market, the Property presents investors with a prime development opportunity with the potential for significant upside.

Situated in Port Wentworth, just northwest of Savannah, the region is currently experiencing a remarkable phase of growth, making it an enticing prospect for commercial real estate investors. The 5-mile trade area is supported by ±46,915 residents boasting an average household income of ±$104,194. With easy access downtown Savannah, this offering provides the opportunity to develop an extremely well-located asset within a growth market.

Lamar P. Fisher

Fisher Auction Company Inc.

License: Aunr003157