Property Details for 0 Broughton St

Year built

1930

Lot size

0.06 lot acres

Property size

7,600 SF

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a thriving retail business and its accompanying three-story building in Savannah's historic downtown district. The 7,600 square foot property, built in 1930 and situated on a 0.06-acre lot, enjoys a prime location on E Broughton St, benefiting from high foot traffic generated by both local residents and tourists. The business itself boasts impressive financials, with annual revenues of approximately $3.3 million and an EBITDA of $877,000, translating to a strong 28% EBITDA margin and a 53% gross profit margin. The ground floor currently operates as a successful mid-to-high-end retail store, deeply embedded within the Savannah community. The upper two floors, currently utilized as warehouse and office space, offer significant potential for conversion into residential lofts or additional rental units, enhancing the investment's overall value. The property is zoned for commercial use and is surrounded by a vibrant mix of national restaurant chains and local retail establishments. The occupancy date is October 30, 2024. This unique offering combines a proven business model with a valuable piece of Savannah's retail history, making it an ideal investment for those seeking to capitalize on the city's thriving tourism and retail sectors. The building is classified as Class B and features a single tenancy. While the building has undergone renovations, the extent is described as "30+".

Location Insight

City

Savannah

County

Chatham

State

Georgia

Longitude

-81.0908

Latitude

32.0786