Renovated Mixed-Use
22 E 37th Street, Savannah, GA 31401
For Sale
$599,900
Commercial Sale, Savannah, GA
Property Size1,920 SF
Lot Size0.07 Acres
Price / SF$312.45
Days on Market146
Property Features for 22 E 37th Street
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Fencing
Appliances
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
rear deck
landscaping
picket fencing
secure rear fencing
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Engel & Volkers
(912) 238-0874
Listed By:
Jessica L. Kelly · License #270287
(912) 441-9101
Added: Jun 17
Changed: Oct 31
Last Checked: Nov 9 at 5:06AM
MLS# SA358329
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.
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Investment Insights
Based on property information with market context.
This circa 1900 Victorian mixed-use property contains 1,920 square feet on a 0.071-acre parcel. The first floor supports artist studio, gallery, creative workspace, professional office, and other neighborhood commercial uses under TN-2 zoning. An upper-level apartment adds a residential component for an owner-occupant or income-producing arrangement.
Renovations include a new roof, HVAC systems, electrical service, plumbing beneath the structure, kitchens, baths, lighting, and flooring. Exterior work includes repaired and repainted siding, a rear deck with reinforced stairs and railings, updated landscaping, picket fencing, secure rear fencing, and off-street parking for up to three vehicles.
The property is located at 22 E 37th Street in Savannah's Thomas Square District, across from Common Thread and Elizabeth on 37th. SCAD, coffee shops, boutiques, and neighborhood amenities are within walking distance.
Renovations include a new roof, HVAC systems, electrical service, plumbing beneath the structure, kitchens, baths, lighting, and flooring. Exterior work includes repaired and repainted siding, a rear deck with reinforced stairs and railings, updated landscaping, picket fencing, secure rear fencing, and off-street parking for up to three vehicles.
The property is located at 22 E 37th Street in Savannah's Thomas Square District, across from Common Thread and Elizabeth on 37th. SCAD, coffee shops, boutiques, and neighborhood amenities are within walking distance.
Key Highlights
- 1,920‑square‑foot mixed‑use property on a 0.071‑acre parcel
- TN‑2 zoning with first‑floor artist studio, gallery, creative workspace, and professional office uses
- Upper‑level apartment provides a residential component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,693
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,860
$533.9K
Cap Rate 7%
$381,329
$381.3K
Cap Rate 9%
$296,589
$296.6K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$42.6K $22.20/SF
− Vacancy
−$7.0K −$3.66/SF
EGI
$35.6K $18.54/SF
− OpEx
−$8.9K −$4.63/SF
NOI
$26.7K $13.90/SF
Area
Savannah, GA
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,860
Cap Rate 7%
$381,329
Cap Rate 9%
$296,589
Alternative Uses
Best Use
Office B
$381.3K
$333.7K – $444.9K
NOI $26,693 @ 7.0% cap · market cap 4.45%
Second Best
Mixed Use
$310.6K
$271.8K – $362.3K
NOI $21,740 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,650
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
$477,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Savannah, GA
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Vacancy Rate% for Office in Savannah, GA
Frequently Asked Questions
What type of property is this?
Mixed-use property - TN-2 zoning supports first-floor commercial activity with an upper-level residential component.
Where is this mixed-use property located?
The property is located at 22 E 37th Street Savannah, GA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1,920‑square‑foot mixed‑use property on a 0.071‑acre parcel; TN‑2 zoning with first‑floor artist studio, gallery, creative workspace, and professional office uses; Upper‑level apartment provides a residential component
