Property profile

119 E 37Th St Savannah, GA 31401

FOR SALE
Retail properties & Spaces
Property ID
US22-1139558
7,262 SF 0.41 ac lot Built 1898
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For Sale
Contact for pricing 7,262 SF
119 E 37Th St, Savannah, GA 31401
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Property summary

AI-generated overview

This stunning, 7,262 square foot commercial property is located in beautiful Downtown Savannah, Georgia, on a highly visible boulevard. Exquisitely restored in 2018, this historic mansion (built in 1898) most recently operated as a fine-dining restaurant. The property boasts six separate dining rooms, a brick wine cellar, and multiple al fresco dining and event spaces, including fully landscaped outdoor patio areas. A magnificent foyer with a grand staircase welcomes guests. A preserved Sacred Heart Convent Chapel, featuring custom hand-painted murals and ornate stained glass, adds unique character. The custom-made bar was imported from England. The building is ADA compliant, includes an elevator, and features a barrel tile roof. All mechanical, plumbing, and HVAC systems have been updated. A detached carriage house provides additional apartment space and storage. Off-street parking is available. The 0.41-acre corner lot is zoned TC1, allowing for various uses including restaurants, offices, spas, and other hospitality businesses. The property received the Historic Savannah Foundation Preservation Award in 2019. The indoor seating capacity is 130 guests, with additional outdoor seating for over 100. The chapel can accommodate 80 guests. This is a rare opportunity to own a premier commercial space in the Southeast. Asking price: $3,300,000 ($454.42/sq ft). Three stories.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1898
Total area 7,262 SF
Lot 0.41 ac (17,860 SF)
UPID US22-1139558

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

119 E 37Th St Savannah, GA 31401
Savannah metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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