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.