511 W 40th Street, Savannah, GA 31415

$250,000 Asking Price

4 beds
2 baths
2,550  sqft
Built in 1900

The property at 509 W 40th St presents a remarkable opportunity for both developers and homebuyers seeking to tap into the thriving Savannah real estate market. With its strategic zoning for traditional residential development, this lot is perfectly primed for a variety of building projects—from custom single-family homes to duplexes that can cater to small families or professionals. Its proximity to Savannah’s dynamic downtown, major hospitals, and the prestigious Savannah College of Art and Design amplifies its attractiveness, ensuring high desirability among potential renters or buyers. The potential for a significant return on investment is enhanced by the lot’s location in a neighborhood experiencing growth and revitalization, making it a wise choice for those looking to build immediately or invest for future development.

Features & Amenities

Interior

Laundry:
None

Exterior

Style:
Traditional

Construction

General:
Brick,Stick Built, 2

Location

Originating MLS:
SAV
County:
Chatham

Lot

Zoning:
RB, EAST PART LOT 35 AND WEST PART OF LOT 34 DALE WARD, 2007327007

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
SAV
Ownership:
Investor

This listing courtesy of:
Keller Williams Coastal Area P, Brandon Fargo

About Savannah, GA

Housing

Number of Units
106,219
Median Home Value
$251,572
Median Rent
$886

46.42% of housing units are renter occupied.

11.44% are vacant.

Commute

Car
71.95%
Public Transportation
2.46%
Walk to Work
2.93%
Work from Home
20.93%
Other
0.83%

The median travel time to work is 19 minutes.

People

Population
234,712
Median Age
37.30
Median Household Size
2.57

Education

High School
24.39%
Associate’s Degree
6.75%
Bachelor’s Degree
21.10%
Graduate Degree
13.00%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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