300 Drayton St - Office/Residential FOR SALE


Savannah, GA 31401- Historic Savannah
$11,000,000 USD
912-236-8992
300 Drayton St, Savannah, GA for Sale
$11,000,000 USD
Office/Residential - FOR SALE
1/25
null | 4.68% Cap Rate

300 Drayton St
Savannah, GA 31401
Historic Savannah


OVERVIEW

300 Drayton Street is a four-story 1916 brick and cast stone landmark at the corner of Drayton and Liberty, in the heart of Savannah's National Historic Landmark District. The 24,141 SF building holds four thriving income streams under one roof: the beloved restaurant Hitch on the ground floor, a mixture of offices and executive suites on the floors above, and a stunning 6,000 SF penthouse on floor 4 operated as a short-term rental, complete with a 4,000 SF furnished rooftop deck with direct Cathedral views. The sale also includes the adjacent 5,200 SF paved lot on Liberty Street, a true rarity downtown where off-street parking is nearly impossible to find. The building generates roughly $777,000 in gross income today, with short, flexible terms that put future growth entirely in the new owner's hands. Demand is strong: a lease is already pending on one suite, an existing tenant recently expanded into a second, and CBD vacancy sits at just 3.4% with zero SF under construction. D-N zoning on both parcels opens the door to office, hospitality, or residential possibilities down the road. Offered at $11,000,000 with a clear path from a 4.68% cap in place to 5.21% proforma. Walk Score 97. Tours by appointment only.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$456 USD /SF

CAP RATE

4.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1916

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

RIPA

APN/PARCEL ID

2001533016,2001533017

ASK ABOUT THIS PROPERTY

John GilbertCushman & Wakefield | Gilbert & EzelleMore Info
912-236-8992

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John GilbertCushman & Wakefield | Gilbert & EzelleMore Info
912-236-8992

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