111 W Bay St - Apartments CONDO FOR SALE


Savannah, GA 31401- Historic Savannah
$7,490,000 USD
912-509-1000
111 W Bay St, Savannah, GA for Sale
$7,490,000 USD
Apartments CONDO - FOR SALE
1/3
null | 5.86% Cap Rate

111 W Bay St
Savannah, GA 31401
Historic Savannah


OVERVIEW

111 West Bay Street, Savannah, GA Riverfront Restaurant + Retail | $7,490,000 Pro Forma Cap (post lease-up): ~5.86% Offering Overview Fee simple interest in a core riverfront position on West Bay Street in Savannah’s Historic District. The asset is anchored by a long-operating national steakhouse with an adjacent 1,153 SF ground-floor retail bay currently vacant and positioned for near-term lease-up. Frontage sits within the River Street hotel/dining corridor, producing stable pedestrian demand and premium brand exposure. Investment Highlights: Irreplaceable frontage: High-visibility West Bay Street location steps to River Street Anchor strength: Established destination dining presence supporting traffic throughout the week Upside via lease-up: 1,153 SF high-street retail suitable for premium retail/showroom or refined non-vented F&B (subject to approvals) Operational efficiency: Net-style profile; tenant-responsible utilities and interior maintenance Competitive insulation: Protective use framework and a constrained supply of true riverfront storefronts Capital Markets Positioning Price: $7,490,000 Return: Pro Forma Cap (post lease-up): ~5.86% Assumptions available under CA; no additional financials marketed publicly. Process & Access Comprehensive diligence (rent roll, lease abstracts, recoveries, and operating materials) will be provided upon execution of a Confidentiality Agreement. Tours by appointment only. Please do not disturb the operating restaurant. Inquiries Bobby Vermillion — Seabolt Real Estate BVrealestatesav@gmail.com | 912-509-1000

FOR SALE DETAILS

PRICE

$7,490,000 USD

PRICE/SF

$476 USD /SF

CAP RATE

5.86%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

News Place East

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

36,759 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

DC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bobby VermillionSeabolt Real EstateMore Info
912-509-1000

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Bobby VermillionSeabolt Real EstateMore Info
912-509-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.