- For Sale $8,500,000
- Property Type VacantLand
- Lot Size 0.39 Acre
- Date Updated May 18, 2026
Description
This property is located in Savannah, GA.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.
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
