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Three-Unit Short-Term Rental Property
For Sale
$5,995,000

2 E Perry Lane, Savannah, GA 31401

Commercial Sale, Savannah, GA

Property Size11,665 SF
Lot Size0.06 Acres
Price / SF$513.93
Days on Market363

Property Features for 2 E Perry Lane

General Information

Property type Commercial Sale
Property subtype Other
Zoning D-CBD
Bedrooms 12
Bathrooms 12
Full bathrooms 11
Half bathrooms 1
Rooms Bathroom 12, Bedroom 1, Bathroom 5, Bathroom 3, Bedroom 10, Bathroom 11, Bathroom 4, Bedroom 2, Bedroom 5, Bathroom 9, Bedroom 7, Bedroom 3, Bathroom 1, Bathroom 10, Bathroom 7, Bathroom 8, Bedroom 12, Bedroom 8, Bedroom 6, Bathroom 6, Bedroom 9, Basement, Bathroom 2, Bedroom 11, Bedroom 4
Parking 7
Window features Double Pane Windows
Interior features Atrium, Fireplace, High Ceilings, Programmable Thermostat
Fireplace 1
Appliances Some Electric Appliances, Some Gas Appliances, Cooktop, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Washer
Lot features Historic District, Level
Directions South on Bull Street, drive around Chippewa Square, continue right onto Bull Street and Entrance is on the Lane,
Standard status Active
APN Various
Size 11,665 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Description 2 EAST PERRY LANE CONDOMINIUM CPB 1-144
HOA Fee $7,481 Monthly
Legal Description 2 EAST PERRY LANE CONDOMINIUM CPB 1-144

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air, Electric
Water source Public

Amenities

elevator
underground parking
storage
rooftop deck

Building Details

Year built 1904
Floors in Building 3
Flooring type Hardwood, Tile, Marble
Building materials Brick
Architectural style Other
Listing Agency: Seabolt Real Estate
Listed By: Staci M. Donegan · License #345816
Added: Sep 3, 2025 Changed: Aug 19 Last Checked: Aug 31 at 2:06PM
MLS# SA338878

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.

Investment Insights

Based on property information with market context.

This 11,665-square-foot property contains three furnished condominiums within a brick Romanesque Revival building constructed in 1904. The residences have renovated kitchens and bathrooms, premium appliances, hardwood, tile, and marble finishes, fireplaces, high ceilings, and central heating and cooling. The two-story penthouse includes 5 bedrooms and 5.5 bathrooms along with a rooftop deck. Additional residences include a 4-bedroom, 3-bathroom condominium and a 3-bedroom, 3-bathroom condominium.

The property carries D-CBD zoning and includes three non-owner-occupied STVR permits. It is situated on Chippewa Square in Savannah’s Landmark District, with views toward the square and proximity to Bull Street, Liberty Street, and Oglethorpe Avenue. Elevator service, secure underground parking, storage, public water, and public sewer are also included.

Key Highlights

  • Three furnished condominiums totaling 11,665 square feet
  • Three non‑owner‑occupied STVR permits included
  • D‑CBD commercial zoning

Property Analytics

Current Use

Short term rental ...

Suggested Use

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

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

3
Residential units

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

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Short term rental property - Furnished condominium units combine renovated interiors with commercial zoning and permitted short-term rental use.
Where is this short term rental property located?
The property is located at 2 E Perry Lane 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: Three furnished condominiums totaling 11,665 square feet; Three non‑owner‑occupied STVR permits included; D‑CBD commercial zoning
More about this property
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