Medical Arts Shopping Center

Located in Chatham County, Georgia between 63rd Street and 65th Street on Waters Avenue and directly across Waters Avenue from the 600+ bed Memorial Health University Medical Center this +/- 4.2 acre parcel is strategically positioned for lasting value. Memorial Health University Medical Center is the only Level 1 trauma center in southeast Georgia and is the 6th busiest hospital in the state. The 62,281 square foot Medical Arts Shopping Center sits in the heart of Savannah’s Medical Arts district which has the largest concentration of medical services in the region and boasts nearly 1,100 beds in a 0.5-mile radius of the site. Chatham County is located on Georgia’s Atlantic coast and is one of the original counties of Georgia. Outside of the Atlanta metro area, Chatham County is the most populous Georgia county. Incorporated cities include Bloomingdale, Garden City, Pooler, Port Wentworth, Tybee Island and Savannah. The county seat and largest city is Savannah. Savannah, often called the Hostess City, is the oldest city in Georgia and was established in 1773. The Savannah MSA ranks as #3 in Georgia behind Atlanta and Augusta with a population of 397,564 in 2020. Some of Savannah's strong economic drivers include the Port of Savannah, Tourism, with nearly 14.8 million visitors in 2019 and Manufacturing, employing over 24,000 jobs in this sector in 2020. One of the largest manufacturing employers in Savannah is Gulfstream Aerospace Corporation which employs over 11,000 people. Savannah is also home to SCAD - Savannah College of Art and Design. The Port of Savannah is a major U. S. seaport located in Savannah, Georgia and is operated by the Georgia Ports Authority. In 2020, the Port handled a record 4.4 million twenty-foot equivalent container units (TEUs) and over 2,000 vessel calls making it one of the largest and fastest growing ports in the nation.The Medical Arts Shopping Center is located on Waters Avenue in the heart of Savannah's Medical Arts District. Bounded by the lighted intersection of 63rd Street to the north and the lighted intersection of 65th Street to the south, this community center presents an ideal value-add opportunity. The existing tenant mix consists of ancillary medical-office users, locally operated restaurants and retailers, and is anchored by a well-performing CVS. Many of the leases are below market and not NNN presenting significant opportunity for improvement.Located in Chatham County, Georgia between 63rd Street and 65th Street on Waters Avenue and directly across Waters Avenue from the 600+ bed Memorial Health University Medical Center this +/- 4.2 acre parcel is strategically positioned for lasting value. Memorial Health University Medical Center is the only Level 1 trauma center in southeast Georgia and is the 6th busiest hospital in the state. The 62,281 square foot Medical Arts Shopping Center sits in the heart of Savannah’s Medical Arts district which has the largest concentration of medical services in the region and boasts nearly 1,100 beds in a 0.5-mile radius of the site.