217 E 38th St - Multi-Family FOR SALE


Savannah, GA 31401- Thomas Square
$400,000 USD
912-484-1330
217 E 38th St, Savannah, GA for Sale
$400,000 USD
Multi-Family - FOR SALE
1/12
null | Request Cap Rate

217 E 38th St
Savannah, GA 31401
Thomas Square


HIGHLIGHTS

  • Starland Redevelopment located at Lincoln and East 38th St, Savannah, GA 31401
  • Zoned TN-2

OVERVIEW

Redevelopment Opportunity | 217 E. 38th Street, Savannah, GA Positioned at the highly visible corner of East 38th Street and Lincoln Street, this ±0.11-acre (4,792 SF) site offers a rare redevelopment opportunity in the heart of Savannah’s thriving Starland District. Zoned TN-2, the property provides exceptional flexibility for a variety of uses including multifamily, office, medical, or boutique professional space. The existing structure, originally built in 1920, has been fully gutted—creating a blank canvas for redevelopment while preserving the opportunity to incorporate historic character into a modern design. The site layout also allows for the potential to construct a secondary structure, maximizing density and investment return. Strategically located between Abercorn Street and Lincoln Street, the property benefits from strong connectivity, steady traffic patterns, and proximity to some of Savannah’s most dynamic retail, dining, and residential growth corridors. Surrounded by established professional users, including an adjacent law office, this location is particularly well-suited for a law firm, medical or dental practice, or a live-work concept. This is a unique opportunity to develop in one of Savannah’s most sought-after and rapidly evolving districts, where historic charm meets modern demand.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

2

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

217 E 38th St, Savannah, GA 31401

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

TN-2

APN/PARCEL ID

20065 32005

ASK ABOUT THIS PROPERTY

Kim LyleThe Commercial GroupMore Info
912-484-1330

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Kim LyleThe Commercial GroupMore Info
912-484-1330

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