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    FOR LEASE
    Investment properties

    215 E River St, Savannah, GA 31401

    11,800 SF 0.06 ac lot Built 1860
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US22-1665906
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Earthbound Trading Co. 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
    Rts Property Holdings LLC · 9 yrs held
    Rts Property Holdings LLC
    since 2017
    1 recorded transaction
    2017
    $7.0M
    Zoning & alternative use
    BB · Savannah, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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