Savannah Parking Lot Investment
For Sale
$8,500,000
301-315 East Congress Street, Savannah, GA 31401
Single-tenant parking lot in Savannah's historic district with redevelopment potential.
Property SizeContact for details
Lot Size0.39 Acres
Days on Market209
Property Features for 301-315 East Congress Street
General Information
Standard status
Active
Lot size
0.39 Acres
Listing Agency:
Bull Realty, Inc. - Atlanta
(404) 368-2629
Listed By:
Austin Bull
(404) 368-2629
Source:
Bullrealty
Added: Jan 27
Changed: Jul 10
Last Checked: May 11 at 5:58AM
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 Bull Realty, Inc. - Atlanta
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,881
Businesses Nearby
241k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 37%
Dining 22%
Shops & Services 18%
Apparel 14%
Parker's Kitchen
Shops & Services
16,514 visits/mo
0.4 miles
Gap
Apparel
16,199 visits/mo
0.4 miles
Hotel Indigo Savannah Historic District
Hotels & Casinos
15,469 visits/mo
0.4 miles
McDonald's
Dining
14,310 visits/mo
0.4 miles
Hilton Garden Inn Savannah Historic District
Hotels & Casinos
14,170 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tico Manufacturing — 746 Wheaton St, Savannah, GA 31401
- Enterprise Rent-A-Car — 500 Montgomery St, Savannah, GA 31401
- WeMoke - Moke Rental — 412 Williamson St, Savannah, GA 31401
- Exotic Car Rental Savannah Instant Luxury Rentals — 100 Bull St Suite 200, Savannah, GA 31401
Frequently Asked Questions
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.
