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Property profile

215 E River St Savannah, GA 31401

FOR LEASE
Investment properties
Property ID
US22-1665906
11,800 SF 0.06 ac lot Built 1860
Entity Owned 9-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional leasing opportunity presents ±6,202 square feet of commercial space in Savannah's Historic District, situated on River Street near the Lincoln Street Ramp and Bay Street. The property, a beautifully preserved 1860 building, offers a unique blend of traditional and creative office space, spanning three floors (2nd, 3rd, and 4th). With multiple access points from Bay Street, Factors Walk, and River Street, the space provides excellent visibility and accessibility. The building's total area is 11,800 square feet, divided into three suites, with a minimum divisible space of 1,266 square feet. The property sits on a 0.07-acre lot and is classified as a Class B building with five stories, but no elevators. The zoning is D-W (Downtown Waterfront), allowing for a variety of commercial uses, including retail and restaurants. This location benefits from Savannah's robust tourism industry, attracting over 9.7 million overnight visitors annually, generating over $4.4 billion in spending. The area is highly pedestrian-friendly, surrounded by shopping, dining, and planned residential developments, creating a vibrant "live, work, play" environment. Numerous parking options are available nearby. This is a rare chance to secure a prominent space in Savannah's thriving Historic Downtown. The APN is 20004 11003.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1860
Total area 11,800 SF
Lot 0.06 ac (2,461 SF)
Zoning code BB
APN 2-0004 -11-003
UPID US22-1665906

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
  • Clothing & Fashion Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.06M
Comparable Approach Comparable
$2.00M
Blend (final) Blend
$1.48M

Owner & transaction history

since 2017
1 recorded transaction
2017
$7.0M

Zoning & alternative use

BB · 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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