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±6,202 SF Leasing Opportunity on River St 215 E River St 1,266 - 6,202 SF of Office/Retail Space Available in Savannah, GA 31401
HIGHLIGHTS
- Leasing Opportunity | ±6,202 SF on River Street | Historic Downtown
- D-W Zoning (Downtown Waterfront) | Variety of Commercial Uses
- Strong Tourism Base of 9.7 Million Overnight Visitors Spending $4.4 Billion Annually
- Varied Space across 3 Floors with Bay St, Factors Walk & River St Access & Exposure
- Extremely Pedestrian Friendly | Number of Parking Opportunities
- Shopping, Dining, Planned Residential Developments Surround the Property
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 2nd | 1,266 SF | Negotiable | $60.00 /SF/YR $5.00 /SF/MO $75,960 /YR $6,330 /MO | Triple Net (NNN) | ||
| 3rd Floor, Ste 3rd | 2,537 SF | Negotiable | $60.00 /SF/YR $5.00 /SF/MO $152,220 /YR $12,685 /MO | Triple Net (NNN) | ||
| 4th Floor, Ste 4th | 2,399 SF | Negotiable | $60.00 /SF/YR $5.00 /SF/MO $143,940 /YR $11,995 /MO | Triple Net (NNN) |
2nd Floor, Ste 2nd
- Lease rate does not include utilities, property expenses or building services
- Mostly Open Floor Plan Layout
3rd Floor, Ste 3rd
- Lease rate does not include utilities, property expenses or building services
- Open Floor Plan Layout
- Space In Need of Renovation
4th Floor, Ste 4th
- Lease rate does not include utilities, property expenses or building services
- Open Floor Plan Layout
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 6,202 SF | Gross Leasable Area | 11,800 SF |
| Property Type | Retail | Year Built | 1860 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 0.85/1,000 SF |
| Total Space Available | 6,202 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 11,800 SF |
| Year Built | 1860 |
| Parking Ratio | 0.85/1,000 SF |
ABOUT THE PROPERTY
SVN is pleased to offer a unique leasing opportunity in the extremely high barrier-to-entry market of River Street, Factors Walk and Bay Street in Historic Downtown Savannah, Georgia. 215 E River Street was constructed in 1860 as a cotton warehouse and offers a total of ±6,202 square feet for lease across (3) floors (2nd, 3rd and 4th) with ingress and egress from Bay Street, Factors Walk and River Street. Additionally, there are a number of parking opportunities located within the immediate vicinity. Present Zoning is D-W, which references a commercial zoning classification for Downtown Waterfront allowing a variety of commercial uses to include general retail and restaurants. The property is located on Bay Street and near the Lincoln Street Ramp of River Street in Historic Downtown Savannah, Georgia. Historic Downtown, which is situated along the Savannah River boasts a strong tourism base and includes in excess of 9.7 million overnight visitors spending greater than $4.4 billion annually with the majority of these visitors staying just under an average of 3 days. All of the Historic District and River Street are still extremely pedestrian friendly, offering more shopping and dining experiences surrounding the property, along with planned residential developments that will continue to provide “live, work, play” opportunities for years to come.
NEARBY MAJOR RETAILERS
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±6,202 SF Leasing Opportunity on River St | 215 E River St
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