Renovated Mixed-Use
For Sale
$599,900
22 E 37th Street, Savannah, GA 31401
Savannah, GA
Property Size1,920 SF
Price / SF$312.45
Days on Market87
Property Features for 22 E 37th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2
Standard status
Active
Size
1,920 SF
Building Details
Year built
1900
Listing Agency:
Engel & Volkers Savannah · Engel & Völkers
(912) 238-0874
Listed By:
Jessica L. Kelly · License #270287
(912) 441-9101
Added: Jul 15
Changed: Sep 29
Last Checked: Oct 9 at 4:06AM
MLS# SA358329
Copyright © 2026 Engel & Völkers. 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 circa 1900 mixed-use property contains 1,920 square feet across a commercial first floor and an upper-level two-bedroom, one-bath apartment. TN-2 zoning permits first-floor uses that include an artist studio, gallery, creative workspace, professional office, and other neighborhood commercial activities. The layout supports live-work occupancy, owner use, or separate residential and commercial functions.
Renovations include a new roof, new HVAC systems, upgraded electrical service with new mast and panels, replacement plumbing beneath the structure, refreshed kitchens and baths, updated lighting, and new 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 at 22 E 37th Street in Savannah's Thomas Square District, across from Common Thread and Elizabeth on 37th. It is also within walking distance of SCAD, coffee shops, boutiques, and neighborhood amenities.
Renovations include a new roof, new HVAC systems, upgraded electrical service with new mast and panels, replacement plumbing beneath the structure, refreshed kitchens and baths, updated lighting, and new 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 at 22 E 37th Street in Savannah's Thomas Square District, across from Common Thread and Elizabeth on 37th. It is also within walking distance of SCAD, coffee shops, boutiques, and neighborhood amenities.
Key Highlights
- 1,920‑square‑foot mixed‑use property built circa 1900
- TN‑2 zoning with permitted first‑floor studio, gallery, creative workspace, and professional office uses
- Upper level includes a 2‑bedroom, 1‑bath apartment
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
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,606 @ 7.0% cap · market cap 20.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,650
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Savannah, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - TN-2 zoning supports a flexible live-work configuration with commercial uses below and a two-bedroom apartment above.
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 built circa 1900; TN‑2 zoning with permitted first‑floor studio, gallery, creative workspace, and professional office uses; Upper level includes a 2‑bedroom, 1‑bath apartment
