925-1303 E President St - Commercial LAND FOR SALE
Savannah, GA 31404- Hitch Village-Fred Wessels Homes | 861,181 SF
$30,000,000 USD
678-379-6356
925-1303 E President St
Savannah, GA 31404
Hitch Village-Fred Wessels Homes
HIGHLIGHTS
- Adjacent to historic district, but exempt from its development restrictions, with direct access to its iconic tree-lined Oglethorpe Avenue.
- Strong city support demonstrated by successful rezoning, executed Development Agreement, and past site plan approvals for high-density multi-family.
- Access; two signalized intersections, two right-in/right-outs, and the city's planned extension of General McIntosh Blvd across East President Street.
- The western 3.5 acres are enrolled in the Brownfield program, and the entire property sits within a Federal Opportunity Zone.
- No wetlands and no onsite water detention required as storm water can drain directly into Bilbo Canal, and no flood plain removal mitigation cost.
- Publix grocery recently permitted directly across the street in Eastern Wharf's development, and nearby multi-family rents trending around $3/SF.
OVERVIEW
Broker: Dan Foley, 404-467-9191, foley@skylineassoc.com
These ~20 acres are located in the heart of this beautiful and historic coastal city, and more particularly it is located in the rapidly upscaling eastern side of the city, while still in walking distance to the historic district and riverfront.
Savannah is transitioning from a vacation market to a major growth market. The Port of Savannah was deepened May 2022 and is helping to fuel this growth with consumer spending now above $1B.
FOR SALE DETAILS
PRICE
$30,000,000 USD
PRICE/ACRE
$1,517,451/AC
PRICE/SF
$35 USD /SF
# OF LOTS
-
LAND DETAILS
PROPERTY NAME
20ac Downtown Savannah, Zoned Mixed-Use
PROPERTY TYPE
Land
PROPERTY SUBTYPE
Commercial
LAND PROPOSED USE
Retail, Mixed Use, Apartment Units, Hotel
LAND ACRES
19.77 AC
LAND SF
861,181 SF
OFFSITE IMPROVEMENTS
Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation
ZONING
D-C Downtown Commercial
APN/PARCEL ID
2000604001,2000604001A,2001404001
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678-379-6356
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678-379-6356
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