301-315 E Congress st - Commercial LAND FOR SALE


Savannah, GA 31401- Historic Savannah16,988 SF
$7,950,000 USD
404-876-1640
301-315 E Congress st, Savannah, GA for Sale
$7,950,000 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 (NN) leased investment property featuring a strong tenant, valuable surface parking income, and development potential. The lease includes 3% annual rent increases and the landlord's only operating expense is property taxes. The approximately ±16,988 SF corner site is strategically located in the heart of Savannah's rapidly evolving North Historic District, directly in the middle of Savannah’s continued growth and development. Parking demand in the area continues to increase as multiple hotels, an office building and other parking demand drivers are currently in development and planning close to the property.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/ACRE

$20,385,086/AC

PRICE/SF

$468 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

2000441009,2000441012,2000441013

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.