Historic District Storefront
102-108 W Congress Street, Savannah, GA 31401
For Sale
$9,000,000
Commercial Sale, Savannah, GA
Property Size19,020 SF
Lot Size0.07 Acres
Price / SF$473.19
Days on Market273
Property Features for 102-108 W Congress Street
General Information
Property type
Property subtype
Zoning
Appliances
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Listing Agency:
Seabolt Real Estate
(912) 233-6609
Listed By:
Elaine Seabolt · License GA #139140
(912) 224-7511
Added: Feb 11
Changed: Oct 31
Last Checked: Nov 10 at 5:06AM
MLS# SA345350
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This commercial storefront property encompasses three contiguous addresses at 102-108 W. Congress Street in Savannah’s Historic District. The building contains 19,020 square feet on a 0.065-acre parcel and dates to 1852. Its flexible interior configuration supports consideration for retail, food and beverage, entertainment, office, or mixed-use redevelopment, as stated in the property information. Existing equipment includes convection ovens, a dishwasher, an electric water heater, and a freezer.
The property is positioned along a downtown Savannah corridor near City Market, Ellis Square, and River Street. Public water and public sewer serve the site. Building systems include central electric heating and central air conditioning with electric cooling. The D-CBD zoning designation and connected-address configuration add useful context for evaluating the property’s commercial presence within the Historic District.
The property is positioned along a downtown Savannah corridor near City Market, Ellis Square, and River Street. Public water and public sewer serve the site. Building systems include central electric heating and central air conditioning with electric cooling. The D-CBD zoning designation and connected-address configuration add useful context for evaluating the property’s commercial presence within the Historic District.
Key Highlights
- 19,020‑square‑foot building on a 0.065‑acre parcel
- Three contiguous addresses: 102‑108 W. Congress Street
- Located in Savannah’s Historic District near City Market, Ellis Square, and River Street
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
Office A
$5.14M
$4.49M – $5.99M
NOI $359,478 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,043
Businesses Nearby
330k
Monthly Visits Nearby
Under-served
Demand for This Use
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
$477,600
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in Savannah, GA
Properties on Market for Storefront properties in Savannah
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- A to Zinnias — 217 E Broad St, Savannah, GA 31401
Frequently Asked Questions
What type of property is this?
Storefront property - Three connected addresses provide flexible commercial space in downtown Savannah’s D-CBD district.
Where is this storefront property located?
The property is located at 102-108 W Congress Street 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: 19,020‑square‑foot building on a 0.065‑acre parcel; Three contiguous addresses: 102‑108 W. Congress Street; Located in Savannah’s Historic District near City Market, Ellis Square, and River Street
