- For Sale $7,950,000
- Property Type Other - Special Purpose
- Property Size 16,988 SF
- Lot Size 0.39 Acre
- Date Updated Jul 31, 2026
Description
This property is located in Savannah, GeorgiaOpportunity 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.
Highlights
- Annual net operating income: $601,130.44
- Annual rental escalations: 3% each November
- Current rent: $618,000.00 paid $51,500 per month
- Flexible use and density for redevelopment
- Landlord expenses: Taxes 2025: $16,869.56
- Landlord right to cancel lease: Upon selling or redevelopment
- Leased through: October 31, 2029 - no tenant renewal options
- Parking demand is increasing rapidly
- Site size: ±16,988 SF
- Zoning: BC1 - Central Business Historic District Overlay
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Contacts
Austin Bull
Bull Realty
Location
Located at 301-315 East Congress Street, Savannah, GA 31401, this property is part of the Downtown Savannah neighborhood.
Contact Listing Broker
Austin Bull
Bull Realty
