38 Montgomery St - Storefront Retail/Office FOR SALE


Savannah, GA 31401- Historic Savannah
$9,550,000 USD
843-670-5727
38 Montgomery St, Savannah, GA for Sale
$9,550,000 USD
Storefront Retail/Office - FOR SALE
1/19
null | 6% Cap Rate

38 Montgomery St
Savannah, GA 31401
Historic Savannah


HIGHLIGHTS

  • High foot traffic with great visibility
  • Credit Tenant with upside in Lease (expires in 2 years)
  • Mixed use asset with retail, restaurant, F&B and short term rental
  • Great corner location between Broughton and Waterfront

OVERVIEW

Charleston Commercial, on behalf of ownership, is pleased to exclusively offer Montgomery & Congress. The property is located across the street from Franklin Square situated between the new Water Front development (including the JW Marriott) and W Broughton Street. The fully leased mixed use building features credit, regional and local tenants who have occupied the building 5+ years. This prime location is also directly adjacent to the city market which is an 18th century open-air marketplace and allows easy access for tourists, and locals alike. Anchored by Anthropologie, and featuring newly extended F&B leases (Bitty and Beau's, The Escape Company) as well as a newly extended office lease to premier architecture firm (LS3P), the opportunity is a true mixed-use asset with upside. With a Walk-Score of 99 (Walkers Paradise), the property co-exists amongst other retailers and restaurants, hotels, schools, parks and other abundant amenities. Please reach out to learn more.

FOR SALE DETAILS

PRICE

$9,550,000 USD

PRICE/SF

$590 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1870

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,445 SF

ZONING

BC1

APN/PARCEL ID

2001615006

ASK ABOUT THIS PROPERTY

Joshua SchaapKW CommercialMore Info
843-670-5727

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Joshua SchaapKW CommercialMore Info
843-670-5727

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