301-315 East Congress Street Savannah, GA 31401

Listing agency Bull Realty A***@bullrealty.com Show Phone

Listed by Austin Bull Show Phone

Source Bullrealty

Added: Jan 27 Updated: Jul 10 at 12:53PM Checked: May 11 at 5:58AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

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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 Street 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.