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Property profile

21 Bay St Savannah, GA 31401

OFF-MARKET
Investment properties
Property ID
US22-1803931
8,280 SF 0.06 ac lot Built 1890
Entity Owned 8-yr Hold ~ Est. High Equity

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

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant
  • 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
$415k

Owner & transaction history

since 2018
1 recorded transaction
2018
$2.7M

Zoning & alternative use

BC1 · Savannah, GA

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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