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301-315 E Congress st - Single-Tenant Investment or Development Site 0.39 Acres of Commercial Land Offered at $8,500,000 in Savannah, GA 31401
INVESTMENT HIGHLIGHTS
- Leased through: October 31, 2029 - no tenant renewal options. Current rent: $618,000.00 paid $51,500 per month
- Site size: ±16,988 SF. Zoning: BC1 - Central Business – Historic District Overlay
- Flexible use and density for redevelopment
- Landlord expenses: Taxes 2025: $16,869.56. Annual net operating income: $601,130.44. Annual rental escalations: 3% each November
- Landlord right to cancel lease: Upon selling or redevelopment
- Parking demand is increasing rapidly
EXECUTIVE SUMMARY
Opportunity to acquire a single-tenant double net leased investment property with a strong tenant, valuable use, and redevelopment upside. The rent escalates 3% annually and the only landlord expenses are the property taxes. The approximately ±16,988 SF corner site is well-located in the path of progress in the heart of the rapidly developing north historic district of Savannah.
Parking is in high demand and growing rapidly, especially with two hotels currently in development within a block of the property.
Parking is in high demand and growing rapidly, especially with two hotels currently in development within a block of the property.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $8,500,000 | Lot Size | 0.39 AC |
| Price Per AC | $21,795,374.77 |
| Price | $8,500,000 |
| Price Per AC | $21,795,374.77 |
| Lot Size | 0.39 AC |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (87)
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301-315 E Congress st - Single-Tenant Investment or Development Site
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