301-315 E Congress st - Commercial LAND FOR SALE


Savannah, GA 31401- Historic Savannah16,988 SF
$8,500,000 USD
404-876-1640
301-315 E Congress st, Savannah, GA for Sale
$8,500,000 USD
Commercial LAND - FOR SALE
1/29
16,988 SF

301-315 E Congress st
Savannah, GA 31401
Historic Savannah


HIGHLIGHTS

  • Leased through: October 31, 2029 - no tenant renewal options. Current rent: $618,000.00 paid $51,500 per month
  • Landlord expenses: Taxes 2025: $16,869.56. Annual net operating income: $601,130.44. Annual rental escalations: 3% each November
  • Site size: ±16,988 SF. Zoning: BC1 - Central Business – Historic District Overlay
  • Landlord right to cancel lease: Upon selling or redevelopment
  • Flexible use and density for redevelopment
  • Parking demand is increasing rapidly

OVERVIEW

Opportunity to acquire a single-tenant double net leased investment property with a strong tenant, valuable use, and redevelopment upside. The rent escalates 3% annually and the only landlord expenses are the property taxes. The approximately ±16,988 SF corner site is well-located in the path of progress in the heart of the rapidly developing north historic district of Savannah. Parking is in high demand and growing rapidly, especially with two hotels currently in development within a block of the property.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/ACRE

$21,795,385/AC

PRICE/SF

$500 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Single-Tenant Investment or Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Hospitality, Hotel, Loft/Creative Space, Restaurant

LAND ACRES

0.39 AC

LAND SF

16,988 SF

OFFSITE IMPROVEMENTS

-

ZONING

BC1

APN/PARCEL ID

2000441012,2000441013

ASK ABOUT THIS PROPERTY

Austin BullBull Realty Inc.More Info
404-876-1640

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Austin BullBull Realty Inc.More Info
404-876-1640

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