RARE-REDEVELOPMENT OPPORTUNITY | 301 W York St
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RARE-REDEVELOPMENT OPPORTUNITY 301 W York St
3,840 SF Office Building Savannah, GA 31401 $2,990,000 ($779/SF)
Investment Highlights
- Situated in the heart of the Landmark Historic District, offering a central position with high visibility and accessibility.
- An internal remodel was completed in January 2024, enhancing the property’s appeal and functionality for current office use.
- The property is equipped with 7 private offices, 2 conference rooms, an administrative room, kitchenette, 3 restrooms, and multiple storage areas.
- Additionally, the back part of the property has 8 off street parking spaces.
Executive Summary
RARE REDEVELOPMENT OPPORTUNITY:
Centrally located in the heart of the Landmark Historic District, this property presents several re-development opportunities. Currently the property is setup as an office building with 7 private offices, 2 conference rooms, an administrative room, kitchenette, 3 restrooms, a storage room, a reception room, and several other storage areas. Internal remodel was completed January 2024 (see pictures), creating an attractive office space, which is severely limited in downtown Savannah. Additionally, the back part of the property has 8 off street parking spaces. From a re-development perspective, the non-historic building could be torn down, and as the zoning permits 100% lot coverage and 4 stories, the buildable footprint of a potential new building could be roughly 21,000 square feet. Mixed use, hotel, a larger office building are all possibilities.
Centrally located in the heart of the Landmark Historic District, this property presents several re-development opportunities. Currently the property is setup as an office building with 7 private offices, 2 conference rooms, an administrative room, kitchenette, 3 restrooms, a storage room, a reception room, and several other storage areas. Internal remodel was completed January 2024 (see pictures), creating an attractive office space, which is severely limited in downtown Savannah. Additionally, the back part of the property has 8 off street parking spaces. From a re-development perspective, the non-historic building could be torn down, and as the zoning permits 100% lot coverage and 4 stories, the buildable footprint of a potential new building could be roughly 21,000 square feet. Mixed use, hotel, a larger office building are all possibilities.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,840 SF
Building Class
B
Year Built
1979
Price
$2,990,000
Price Per SF
$779
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,617 SF
Slab To Slab
10’
Building FAR
0.68
Lot Size
0.13 AC
Zoning
D-CBD - Downtown Central Business District
Parking
8 Spaces (2.08 Spaces per 1,000 SF Leased)
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Walk Score ®
Walker's Paradise (98)
Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 2001636001 | Improvements Assessment | $319,640 |
| Land Assessment | $262,240 | Total Assessment | $581,880 |
PROPERTY TAXES
Parcel Number
2001636001
Land Assessment
$262,240
Improvements Assessment
$319,640
Total Assessment
$581,880
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RARE-REDEVELOPMENT OPPORTUNITY | 301 W York St
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