301-315 East Congress St Savannah, GA 31401
Single-tenant parking lot in Savannah's historic district with redevelopment potential.
Property Features for 301-315 East Congress St
General Information
- Zoning
- BC1 - Central Business – Historic District Overlay
Source:
Bullrealty
Listing Agent: Austin Bull
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Savannah Parking Lot Investment Opportunity
This single-tenant property is a double net leased investment opportunity. The tenant is considered strong, and the property offers valuable use and redevelopment upside. The lease, which extends through October 31, 2029, has no tenant renewal options. The current rent is $618,000.00, paid at $51,500 per month. Rent escalates 3% annually each November. Landlord expenses are limited to property taxes, which were $16,869.56 in 2025. The annual net operating income is $601,130.44. The corner site measures approximately 16,988 square feet and is located in the rapidly developing north historic district of Savannah. The zoning is BC1 - Central Business – Historic District Overlay, offering flexible use and density for redevelopment. The landlord has the right to cancel the lease upon selling or redeveloping the property. Parking is in high demand and growing rapidly, especially with two hotels currently in development within a block of the property.
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar Places Nearby
Tico Manufacturing, Enterprise Rent-A-Car, WeMoke - Moke Rental, Exotic Car Rental Savannah Instant Luxury Rentals
Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.0881845
- Latitude
- 32.0785425
Nearby Similar for Sale
FAQs
What type of property is this?
Parking lot & garage - Single-tenant parking lot in Savannah's historic district with redevelopment potential.
Where is this parking lot & garage located?
The property is located at 301-315 East Congress St Savannah, GA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: - High Annual Net Operating Income: $601,130.44 provides a strong return on investment.; - Prime Location in Rapidly Developing Historic District, with ongoing hotel development.; - Redevelopment Upside: Flexible use and density zoning (BC1) allows for future redevelopment opportunities.