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Property profile & analytics
FOR LEASE
Hotels

601 E River St Savannah, GA 31401

120,000 SF 0.58 ac lot Built 2015
Entity Owned 11-yr Hold
Property ID
US22-3591095
Property summary
AI-generated overview

This exceptional ground floor retail space, located at 601 E River St in Savannah, Georgia, presents a unique opportunity for a restaurant operator. Situated within the brand new, 170-room AC Hotel in the vibrant River Street East development, this space offers multiple entrances, convenient access from both the hotel lobby and the exterior, and benefits from the high foot traffic of this exciting new district. The property boasts an outdoor terrace, ideal for al fresco dining, and is surrounded by 1,654 other retailers and businesses. River Street East enjoys a walkability score of 85, and features 320 parking spaces, ensuring convenient access for customers. Its prime location between the Eastern Wharf district and central River Street places it at the heart of Savannah's burgeoning tourism and residential scene, with easy access to the Waving Girl ferry dock, providing convenient transportation throughout the city. Built in 2023, this space is ready for immediate occupancy and offers a chance to establish a thriving business in one of Savannah's most dynamic and rapidly growing areas. The property is a single-tenancy space in a building constructed in 2023, located in Chatham County, Georgia, zip code 31401.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 2015
Total area 120,000 SF
Lot 0.58 ac (25,265 SF)
Zoning code BB
APN 2-0005 -02-006
UPID US22-3591095
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
  • AC Hotel Savannah Historic District Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$16.48M
Comparable Approach Comparable
$8.79M
Blend (final) Blend
$12.66M
Owner & transaction history
601 East River Street LLC · 11 yrs held
601 East River Street LLC
since 2015
3 recorded transactions
2022
Price N/A
2022
Price N/A
2015
$100,000
Zoning & alternative use
BB · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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