Rooftop Retail
For Sale
Contact for pricing
301 W Bay Street #BASEMENT, Savannah, GA 31401
Fourth-floor rooftop setting within a historic downtown building at a prominent corner location.
Property Size1,890 SF
Price / SF$0.00
Days on Market51
Property Features for 301 W Bay Street #BASEMENT
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Commercial
Amenities
0.12 acres, City Lot, Near Public Transit
Public Sewer
Parcel Number: 20016 02001
Central Air
Central
Listing ID: 10837466, Standard Status: Active, MLS Status: Active, On market as of 2026-09-01, 49 days on market
On Street
Built in 1890, Construction Materials: Brick
County/Parish: Chatham
Resale
Water Source: Public
Building Details
Building Size
1,890 SF
Year Built
1890
Listing Agency:
Parker Scott Properties
(912) 897-6320
Listed By:
Michelle Parker · License #276851
(912) 604-1197
Source:
Blackstreaminternational
Added: Sep 1
Changed: Oct 21
Last Checked: Oct 20 at 9:55PM
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 Parker Scott Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space occupies a 5,460-square-foot rooftop on the fourth floor of the historic 27,300-square-foot building at 301 W Bay Street. Constructed in 1890, the property occupies the corner of Bay Street and Jefferson Street in Savannah’s Historic District and offers a distinctive setting for retail, dining, or other high-end commercial use supported by the existing remarks.
The property is one block from River Street, Plant Riverside, and City Market, placing it within a heavily visited tourist area. Reported traffic volume is over 21,000 vehicles per day, while Savannah receives over 14 million tourists annually. Two parking garages surround the building, providing access for customers and employees.
The property is one block from River Street, Plant Riverside, and City Market, placing it within a heavily visited tourist area. Reported traffic volume is over 21,000 vehicles per day, while Savannah receives over 14 million tourists annually. Two parking garages surround the building, providing access for customers and employees.
Key Highlights
- 5,460‑square‑foot fourth‑floor rooftop space
- Part of a 27,300‑square‑foot building constructed in 1890
- Corner position at Bay Street and Jefferson Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$309,903
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,198,060
$6.2M
Cap Rate 7%
$4,427,186
$4.4M
Cap Rate 9%
$3,443,367
$3.4M
Market Conditions
NOI Build-Up for 27,300 SF
Gross rent
$475.0K $17.40/SF
− Vacancy
−$32.3K −$1.18/SF
EGI
$442.7K $16.22/SF
− OpEx
−$132.8K −$4.87/SF
NOI
$309.9K $11.35/SF
Area
Savannah, GA
Vacancy
6.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,198,060
Cap Rate 7%
$4,427,186
Cap Rate 9%
$3,443,367
Alternative Uses
Best Use
Specialty Retail
$5.47M
$4.79M – $6.39M
NOI $383,108 @ 7.0% cap · market cap 851,351.11%
Second Best
Retail
$4.43M
$3.87M – $5.17M
NOI $309,903 @ 7.0% cap · market cap 688,673.33%
Theoretical Best
Warehouse
$25.51M
$22.32M – $29.77M
NOI $1,785,953 @ 7.0% cap · market cap 3,968,784.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,723
Businesses Nearby
278k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 38%
Shops & Services 23%
Dining 19%
Apparel 12%
Parker's Kitchen
Shops & Services
16,514 visits/mo
0.5 miles
Gap
Apparel
16,199 visits/mo
0.2 miles
Hotel Indigo Savannah Historic District
Hotels & Casinos
15,469 visits/mo
0.0 miles
McDonald's
Dining
14,310 visits/mo
0.2 miles
Hilton Garden Inn Savannah Historic District
Hotels & Casinos
14,170 visits/mo
0.1 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
Frequently Asked Questions
What type of property is this?
Retail space - Fourth-floor rooftop setting within a historic downtown building at a prominent corner location.
Where is this retail space located?
The property is located at 301 W Bay Street #BASEMENT Savannah, GA.
What are key features of this property?
This property features: 5,460‑square‑foot fourth‑floor rooftop space; Part of a 27,300‑square‑foot building constructed in 1890; Corner position at Bay Street and Jefferson Street
