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Turnkey Condo Building with STVR Permits
For Sale
$5,995,000

2 E Perry Lane Units A B and C, Savannah, GA 31401

Turnkey furnished condo units in a Romanesque Revival building with elevator service and secure parking.

Property Size11,665 SF
Days on Market86

Property Features for 2 E Perry Lane Units A B and C

General Information

Standard status Active
Size 11,665 SF
Total Parking Spaces 7
Zoning D-CBD

Additional Details

Business Included Yes

Building Details

Building Size 11,665 SF
Year Built 1904
Stories 4
Tenancy Multi
Listed By: Rod Hyson
Source: Baldheadislandrentals.idxbroker
Added: Jul 1 Changed: Sep 11 Last Checked: Sep 22 at 1:06PM

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 Rod Hyson

Investment Insights

Based on property information with market context.

This for-sale property is a turnkey condo building containing three newly renovated, income-producing, furnished condos in a circa 1904 Romanesque Revival structure. The units are described as move-in-ready and include high-end kitchens with premium appliances, well-appointed living areas, and newly renovated bathrooms. The offering also includes a two-story 5-bedroom, 5.5-bath penthouse with a massive rooftop deck, along with additional second-floor condos: one with 4 bedrooms and 3 baths and another with 3 bedrooms and 3 baths. The building is served by elevator access and includes secure underground parking, plus storage. The property has an association, listed as the 2 East Perry Lane Condo Association.

The building is located in Savannah in the Landmark District on Chippewa Square. Public remarks reference nearby proximity to Bull St., Liberty St., and Oglethorpe Ave., and the directions note an entrance on the Lane after driving around Chippewa Square. The property is indicated as level, with street lights and sidewalks as community features. The remarks also state the building has three non-owner occupied STVR permits.

For buyers and operators seeking flexible use alongside furnished, move-in-ready residential income units, the configuration provides three separate condo residences within one historic building, including a rooftop deck feature in the penthouse. The D-CBD commercial zoning described in the remarks suggests the property may support a range of business uses, and the public information notes an opportunity for the owner to subdivide for resale.

Key Highlights

  • 3 newly renovated, income‑producing, furnished condos in a c. 1904 Romanesque Revival building on Chippewa Square
  • D‑CBD commercial zoning plus 3 non‑owner occupied STVR permits
  • 5 BR/5.5 BA penthouse spans 2 stories with a rooftop deck and panoramic views

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Butcher Carpet & Flooring Store Plumbing Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

4,359
Businesses Nearby

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 Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - Turnkey furnished condo units in a Romanesque Revival building with elevator service and secure parking.
Where is this short term rental property located?
The property is located at 2 E Perry Lane Units A B and C Savannah, GA.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: 3 newly renovated, income‑producing, furnished condos in a c. 1904 Romanesque Revival building on Chippewa Square; D‑CBD commercial zoning plus 3 non‑owner occupied STVR permits; 5 BR/5.5 BA penthouse spans 2 stories with a rooftop deck and panoramic views
More about this property
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