390 Fort Argyle RD, Savannah Active

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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.

Location

Listed by Keller Williams Realty Coastal

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