Single-Tenant Investment or Development Site | Savannah, GA
$8,500,000
301-315 East Congress Street, Savannah, GA 31401
For Sale
Land
Other
Active
Last Updated: 01/07/2026
0.39 acres
Lot Area
Details:
Lot Area: 0.39 acres
Highlights:
- Leased through: October 31, 2029 - no tenant renewal options
- Current rent: $618,000.00 paid $51,500 per month
- Landlord expenses: Taxes 2025: $16,869.56
- Annual net operating income: $601,130.44
- Annual rental escalations: 3% each November
- Site size: ±16,988 SF
- Zoning: BC1 - Central Business – Historic District Overlay
- Landlord right to cancel lease: Upon selling or redevelopment
- Flexible use and density for redevelopment
- Parking demand is increasing rapidly
Description:
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.
This property is located in Savannah, GA.
Documents:
| Title | ||
|---|---|---|
| Offering_Memorandum_Congress_St_compressed.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
