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111 W Bay St - News Place East 15,734 SF Retail Condo Unit Offered at $7,490,000 in Savannah, GA 31401
Executive Summary
111 West Bay Street, Savannah, GA Riverfront Restaurant + Retail | $7,490,000 Pro Forma Cap (post lease-up): ~5.86% Offering Overview Fee simple interest in a core riverfront position on West Bay Street in Savannah’s Historic District. The asset is anchored by a long-operating national steakhouse with an adjacent 1,153 SF ground-floor retail bay currently vacant and positioned for near-term lease-up. Frontage sits within the River Street hotel/dining corridor, producing stable pedestrian demand and premium brand exposure. Investment Highlights: Irreplaceable frontage: High-visibility West Bay Street location steps to River Street Anchor strength: Established destination dining presence supporting traffic throughout the week Upside via lease-up: 1,153 SF high-street retail suitable for premium retail/showroom or refined non-vented F&B (subject to approvals) Operational efficiency: Net-style profile; tenant-responsible utilities and interior maintenance Competitive insulation: Protective use framework and a constrained supply of true riverfront storefronts Capital Markets Positioning Price: $7,490,000 Return: Pro Forma Cap (post lease-up): ~5.86% Assumptions available under CA; no additional financials marketed publicly. Process & Access Comprehensive diligence (rent roll, lease abstracts, recoveries, and operating materials) will be provided upon execution of a Confidentiality Agreement. Tours by appointment only. Please do not disturb the operating restaurant. Inquiries Bobby Vermillion — Seabolt Real Estate BVrealestatesav@gmail.com | 912-509-1000
Property Facts
| Total Building Size | 36,759 SF | Floors | 3 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 11,160 SF |
| Property Subtype | Apartment | Year Built | 1900 |
| Building Class | B | Lot Size | 1.00 AC |
| Zoning | DC - Downtown Commercial | ||
| Total Building Size | 36,759 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 11,160 SF |
| Year Built | 1900 |
| Lot Size | 1.00 AC |
| Zoning | DC - Downtown Commercial |
1 Unit Available
Unit Restaurant
| Unit Size | 15,734 SF | Sale Type | Investment |
| Price | $7,490,000 | Cap Rate | 5.86% |
| Price Per SF | $476.04 | NOI | $438,914 |
| Condo Use | Retail |
| Unit Size | 15,734 SF |
| Price | $7,490,000 |
| Price Per SF | $476.04 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| NOI | $438,914 |
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Ruth's Chris Steak House |
-
|
Jan 0000
|
| Tiffani Taylor Art Gallery |
-
|
Jan 0000
|
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111 W Bay St - News Place East
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