17 W Park Ave - Office FOR SALE


Savannah, GA 31401- Victorian District-West
$3,750,000 USD
706-566-5235
17 W Park Ave, Savannah, GA for Sale
$3,750,000 USD
Office - FOR SALE
1/27
null | Request Cap Rate

17 W Park Ave
Savannah, GA 31401
Victorian District-West


HIGHLIGHTS

  • Direct Forsyth Park frontage in the Historic District
  • TC-2 zoning — office, retail, restaurant, or lodging
  • $35M development and 424-space garage across the street
  • Five ward-capped STVR licenses convey

OVERVIEW

17 West Park Avenue — Forsyth Park Frontage, Historic District A fully restored property of approximately 6,300 square feet with direct frontage on the south end of Forsyth Park, zoned TC-2 and offered for owner-user or investment. TC-2 zoning permits professional office, retail, restaurant, lodging, and residential use, subject to City of Savannah approval — an unusually broad envelope for a Historic District address of this quality. The property comprises five self-contained suites, each with private bath and independent access, across a main building and separate carriage house. Four parking spaces including a two-car garage are rare for the Historic District and materially expand the range of viable uses. As an operating hospitality asset: turnkey and fully furnished under professional management, with five non-owner-occupied short-term vacation rental licenses conveying with continued use — ward-capped and effectively unobtainable to new applicants. As an owner-user headquarters: a signature address for a professional firm, with partner offices and conference space in the main building, reception at grade, and a carriage house suited to a library, associate space, or retained rental income. As park-facing retail or restaurant: direct Forsyth Park frontage with structured public parking arriving across the street. Directly across the street, a $35 million redevelopment anchored by Sterling Seacrest Pritchard is delivering three office buildings and a 424-space public underground parking garage, bringing daytime professional population and public parking to the immediate block. Currently operated as a licensed short-term rental, allowing an owner to carry the property with income while planning a conversion, or to continue the existing use indefinitely. Offered at $3,750,000. Operating detail available to qualified parties. Shown by appointment.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$595 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1888

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

TC-2

APN/PARCEL ID

2004431008

ASK ABOUT THIS PROPERTY

Ridley StallingsEngel & VolkersMore Info
706-566-5235

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Ridley StallingsEngel & VolkersMore Info
706-566-5235

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