Prominent Frontage Retail
For Sale
$9,000,000
102-108 W Congress St, Savannah, GA 31401
Landmark retail building spanning three contiguous addresses in Savannah’s Historic District with flexible space for multiple concepts.
Property Size19,020 SF
Price / SF$473.19
Days on Market279
Property Features for 102-108 W Congress St
General Information
Standard status
Active
Size
19,020 SF
Property subtype
Commercial
Building Details
Year Built
1852
Listing Agency:
Seabolt Real Estate
Listed By:
Elaine Seabolt · License #139140
(912) 224-7511
Source:
Cinthia.atlantageorgiahomesales
Added: Jan 9
Changed: Oct 1
Last Checked: Oct 14 at 11:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seabolt Real Estate
Investment Insights
Based on property information with market context.
102-108 W. Congress Street is a landmark commercial property spanning three contiguous addresses, presented as a flexible retail and office building suitable for multiple uses. The building is described as formerly home to Paula Deen’s The Lady & Son’s, and it offers prominent street frontage with interior space that can support flagship retail, food and beverage, entertainment, office, or mixed-use redevelopment.
The property is located in the heart of Savannah’s Historic District on a downtown corridor with visibility and pedestrian activity. It is positioned within walking proximity to City Market, Ellis Square, and River Street, and the surrounding area is described as having top-performing hotels, retailers, and cultural destinations.
For tenants, buyers, or operators looking for a downtown footprint with established name recognition and adaptable interior configuration, the three-address layout can support concepts that benefit from frontage and a flexible buildout strategy. The asset’s historic-district setting and central walkable context may also appeal to businesses seeking a presence in Savannah’s tightly held urban core.
The property is located in the heart of Savannah’s Historic District on a downtown corridor with visibility and pedestrian activity. It is positioned within walking proximity to City Market, Ellis Square, and River Street, and the surrounding area is described as having top-performing hotels, retailers, and cultural destinations.
For tenants, buyers, or operators looking for a downtown footprint with established name recognition and adaptable interior configuration, the three-address layout can support concepts that benefit from frontage and a flexible buildout strategy. The asset’s historic-district setting and central walkable context may also appeal to businesses seeking a presence in Savannah’s tightly held urban core.
Key Highlights
- Landmark commercial building in Savannah’s Historic District at 102–108 W. Congress St
- Spans three contiguous addresses with prominent frontage for multiple concepts
- 3 stories with 19,020 sq ft of living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$266,912
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,338,240
$5.3M
Cap Rate 7%
$3,813,029
$3.8M
Cap Rate 9%
$2,965,689
$3.0M
Market Conditions
NOI Build-Up for 19,020 SF
Gross rent
$376.6K $19.80/SF
− Vacancy
−$20.7K −$1.09/SF
EGI
$355.9K $18.71/SF
− OpEx
−$89.0K −$4.68/SF
NOI
$266.9K $14.03/SF
Area
Savannah, GA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,338,240
Cap Rate 7%
$3,813,029
Cap Rate 9%
$2,965,689
Alternative Uses
Best Use
Specialty Retail
$3.81M
$3.34M – $4.45M
NOI $266,912 @ 7.0% cap · market cap 2.97%
Second Best
Retail
$3.08M
$2.70M – $3.60M
NOI $215,910 @ 7.0% cap · market cap 2.40%
Theoretical Best
Warehouse
$17.78M
$15.55M – $20.74M
NOI $1,244,280 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,043
Businesses Nearby
330k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 36%
Shops & Services 27%
Dining 20%
Apparel 11%
Parker's Kitchen
Shops & Services
23,226 visits/mo
0.5 miles
Parker's Kitchen
Shops & Services
16,514 visits/mo
0.3 miles
Gap
Apparel
16,199 visits/mo
0.0 miles
Hotel Indigo Savannah Historic District
Hotels & Casinos
15,469 visits/mo
0.1 miles
McDonald's
Dining
14,310 visits/mo
0.1 miles
Demographics for 31401, GA
22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Landmark retail building spanning three contiguous addresses in Savannah’s Historic District with flexible space for multiple concepts.
Where is this retail space located?
The property is located at 102-108 W Congress St Savannah, GA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Landmark commercial building in Savannah’s Historic District at 102–108 W. Congress St; Spans three contiguous addresses with prominent frontage for multiple concepts; 3 stories with 19,020 sq ft of living area
