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925-1303 E President St - President Square - Downtown Savannah
19.77 Acres of Commercial Land in Savannah, GA 31404
Investment Highlights
- 19.77 acres of raw land, ~1800 LF frontage on East President St, directly across from Eastern Wharf development.
- Two existing signalized intersections plus one approved right-in-right-out and a second one pending city approval.
- No onsite water detention is required as water can drain directly into the Bilbo Canal that is currently being expanded.
- Zoned: D-C “Downtown Commercial” (mixed use); multi-family, hotel, retail, …etc
- This land is adjacent to the historic district but not subject to this district’s historic, hotel, or parking restrictions.
- Contact: Dan Foley, 404-467-9191, foley@skylineassoc.com
Executive Summary
Contact: Dan Foley, 404-467-9191, foley@skylineassoc.com
Property Facts
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 19.77 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 19.77 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 19.77 AC |
| Lot Size | 19.77 AC |
19.77 acres of raw land, zoned mixed use, located adjacent to Savannah’s downtown historic district, ~1,800 LF frontage on East President Street directly across from the Eastern Wharf development. Three parcels 20006-04001, 20006-04001A, 20014-04001.
Description
Contact: Dan Foley, 404-467-9191, foley@skylineassoc.com Additional Highlights: * This property is comprised of three parcels: 20006-04001, 20006-04001A, 20014-04001. * A Development Agreement has been executed with the City of Savannah and will run with the land. * The city plans to extend General McIntosh Blvd south of East President St and grant an access easement to this land. * This land is in the floodplain, but there is no flood mitigation cost required to remove the property from the floodplain. * Land elevations are currently at 0-2 ft and needs to be raised with fill or placed on podium for a FF elevation of 10ft. * A preliminary LDP permit has been issued, initial site work has begun per this permit, and utilities to the site are available. * This land is in a Federal Opportunity Zone as well as the city’s downtown Tax Allocation District (TAD). -------------------- This 19.77 acre site is the largest and most attractively located assemblage of raw land located in the heart of this booming coastal metropolitan area. This site is surrounded by ongoing development that is reshaping the eastern side of this famed city into a new upscale district within walking distance of the riverfront and the historic district. This extremely well positioned property has ~1,800 LF of frontage along the newly improved East President Street corridor. East President Street is the main traffic artery feeding into the downtown historic district, and this district is located on the western boundary of the property. East President Street is also the main traffic artery when heading out of town to the east to access the beaches or Truman Parkway. This parkway is located on the eastern boundary of the property and is Savannah’s southeastern beltway with direct connection to I-95. To the north and directly across East President Street is Regent Partners very successful “Eastern Wharf” $600M high-end 54-acre mixed-use development. The combination of all these qualities makes this land a very attractive mixed-use development opportunity.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,000 | |
| Land Assessment | $1,097,880 | Total Assessment | $1,101,880 |
PROPERTY TAXES
zoning
| Zoning Code | D-C Downtown Commercial (D-C “Downtown Commercial” (mixed use); multi-family, hotel, retail, …etc) |
| D-C Downtown Commercial (D-C “Downtown Commercial” (mixed use); multi-family, hotel, retail, …etc) |
Presented by
Skyline Associates
925-1303 E President St - President Square - Downtown Savannah
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