Historic Mixed-Use
New
For Lease
$3,650,000
115 E Bay St, Savannah, GA 31401
Three-story property combines a leased restaurant with four permitted short-term rental suites in Savannah’s Downtown Historic District.
Space SizeContact for details
Days on Market5
Property Features for 115 E Bay St
General Information
Standard status
Active
Property subtype
Commercial
Zoning
D-CBD
Building Details
Year Built
1845
Listing Agency:
Serhant Georgia LLC
(843) 712-2721
Listed By:
Matthew D. Myles () · License #441309
(912) 944-9955
Source:
Beachandforestrealty
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 24 at 9:33AM
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 Serhant Georgia LLC
Investment Insights
Based on property information with market context.
Built in 1845, this three-story mixed-use property encompasses approximately 7,500 SF plus a full basement. The 5-unit configuration includes a restaurant occupying the ground floor and basement, along with four 1-bedroom suites arranged across the second and third floors. The restaurant space totals 4,112 SF, while the upper suites comprise 3,388 SF. Improvements include updated insulation and trusses in 2016, HVAC replacements in 2014, 2021, and 2024, separate electric meters, upgraded electrical and plumbing systems, a sprinkler system, and structural reinforcement completed with steel beams in 2010.
Positioned at 115 E Bay St near Bay Street and Drayton Street, the property is in Savannah’s Downtown Historic District and approximately one block from River Street. It carries D-CBD zoning, sits outside the 100-year flood zone, and includes parking access from Bay Street Lane. The ground-floor lease runs through June 30, 2034, while the four upper suites operate under City of Savannah STVR certificates.
Positioned at 115 E Bay St near Bay Street and Drayton Street, the property is in Savannah’s Downtown Historic District and approximately one block from River Street. It carries D-CBD zoning, sits outside the 100-year flood zone, and includes parking access from Bay Street Lane. The ground-floor lease runs through June 30, 2034, while the four upper suites operate under City of Savannah STVR certificates.
Key Highlights
- 5‑unit mixed‑use building with restaurant and four 1‑bedroom suites
- Approximately 7,500 SF across three stories and a full basement
- 4,112 SF restaurant space leased through June 30, 2034
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
4,147
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story property combines a leased restaurant with four permitted short-term rental suites in Savannah’s Downtown Historic District.
Where is this mixed-use property located?
The property is located at 115 E Bay St Savannah, GA.
What is the lease rate?
The lease rate is $3,650,000.
What are key features of this property?
This property features: 5‑unit mixed‑use building with restaurant and four 1‑bedroom suites; Approximately 7,500 SF across three stories and a full basement; 4,112 SF restaurant space leased through June 30, 2034
