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301-315 E Congress st - Single-Tenant Investment or Development Site 0.39 Acres of Commercial Land Offered at $7,950,000 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 (NN) leased investment property featuring a strong tenant, valuable surface parking income, and development potential. The lease includes 3% annual rent increases and the landlord's only operating expense is property taxes. The approximately ±16,988 SF corner site is strategically located in the heart of Savannah's rapidly evolving North Historic District, directly in the middle of Savannah’s continued growth and development.
Parking demand in the area continues to increase as multiple hotels, an office building and other parking demand drivers are currently in development and planning close to the property.
Parking demand in the area continues to increase as multiple hotels, an office building and other parking demand drivers are currently in development and planning close to the property.
Property Facts
1 Lot Available
Lot
| Price | $7,950,000 | Lot Size | 0.39 AC |
| Price Per AC | $20,385,085.81 |
| Price | $7,950,000 |
| Price Per AC | $20,385,085.81 |
| Lot Size | 0.39 AC |
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,640 | |
| Land Assessment | $375,840 | Total Assessment | $378,480 |
Property Taxes
Parcel Numbers
Land Assessment
$375,840
Improvements Assessment
$2,640
Total Assessment
$378,480
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