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    Property profile & analytics
    OFF-MARKET Estimated value $1,390,000
    Investment properties

    21 Bay St, Savannah, GA 31401-1252

    8,280 SF 0.06 ac lot Built 1890
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US22-1803931
    Property summary
    AI-generated overview

    This exceptional 15,000-square-foot restaurant space at 21 West Bay Street and 2 Whitaker Street in Savannah, Georgia, presents a rare opportunity. Located in the heart of Historic Downtown Savannah, this single-tenant property boasts a rich history, having served as the First City Hotel since its completion in 1821, designed by renowned architect William Jay. Most recently occupied by Moon River Brewery and Beer Garden, this corner location offers unparalleled visibility and high traffic counts at the intersection of Bay and Whitaker Streets. Its prime location places it within easy walking distance of Savannah's most popular tourist attractions, including River Street, City Market, Broughton Street, and Plant Riverside District, ensuring a constant flow of potential customers. The building itself is brimming with architectural charm, featuring abundant natural light, exposed brick walls, and original hardwood floors, creating a unique and inviting atmosphere. This 0.13-acre site in Chatham County offers a chance to establish a thriving business within a vibrant and historically significant setting. The property's character and location make it ideal for a restaurant or similar high-traffic retail establishment seeking a memorable and well-situated space. Don't miss this chance to become part of Savannah's enduring legacy.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1890
    Total area 8,280 SF
    Lot 0.06 ac (2,827 SF)
    Zoning code BC1
    APN 2-0004 -15-011A
    UPID US22-1803931
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Moon River Brewing Company Bar & Pub Restaurant
    • Karl Locksmith & Keys Locksmith
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.44M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.39M
    Owner & transaction history
    East Bay Street Holding LLC · 8 yrs held
    East Bay Street Holding LLC
    since 2018
    1 recorded transaction
    2018
    $2.7M
    Zoning & alternative use
    BC1 · Savannah, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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