390 Fort Argyle Road, Savannah, Georgia

Description

Income-producing industrial outdoor storage opportunity in South Savannah. This 1.5-acre yard is zoned I-L (Light Industrial), fully permitted, and sits just half a mile from the I-95 / Hwy 204 interchange. It's fenced, has two automated gates, and comes with an office/storage trailer and a gravel yard that holds roughly 25-50+ trailers depending on layout. The property is leased to Absolute Recovery, LLC, which bought the vehicle recovery business already running on site and chose to stay. Current rent is $6,200/month with 1.5% annual increases and a 5-year renewal option. The tenant pays utilities and maintains the fencing, gates, lighting, gravel and trailer. The landlord pays taxes of about $5,656/year, for a 7.24% cap rate before insurance. The Port of Savannah's Garden City Terminal is about 25 minutes away, and I-16 is close by. Buy it as an investment with income from day one, or own a turnkey yard for truck parking, trailer and container storage, or contractor use down the road. Hard-to-find, permitted IOS in a supply-constrained port market. The tenant is in occupancy, so showings are by appointment only. Please do not visit the site or contact the tenant.

Directions: From I-95 Exit 94, travel west on GA-204 / Fort Argyle Rd toward Pembroke. Continue on Fort Argyle Rd for approximately 1 mile. The property, 390 Fort Argyle Rd, will be on the right-hand side, near the Southeast Gateway / Fort Argyle industrial corridor.