215 E Congress St - Hospitality FOR SALE


Savannah, GA 31401
$6,500,000 USD
912-484-1330
215 E Congress St, Savannah, GA for Sale
$6,500,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

215 E Congress St
Savannah, GA 31401


HIGHLIGHTS

  • Prime Locations Downtown Savannah Land and Commercial Building
  • Non-Contributing Building on site for Redevelopment
  • Parking lot in area of new hotels in the downtown Savannah, GA Landmark District

OVERVIEW

Rare Hotel Development Opportunity in Downtown Savannah, GA Address: 215 E. Congress St., Savannah, GA 31401 Lot Size: 0.25 Acres | Zoning: D-CBD (Downtown Central Business District) Seize the opportunity to own a prime .25-acre parcel in Savannah’s renowned Landmark Historic District. This property zoned D-CBD, is situated in the heart of downtown, offering a unique chance to develop a high-value hotel or hospitality project in one of the most sought-after locations in the region. Key Highlights: Zoning Flexibility: The D-CBD zoning allows for harmonious development within the historic downtown core, supporting hotel projects of 75+ rooms, as well as retail, office, entertainment, civic, and residential uses. Existing Structure: The property includes a 3,536 sq. ft. non-contributing building, offering redevelopment potential. Prime Location: Walking distance to Historic River Street, Broughton Street, and City Market. Surrounded by dining, shopping, and iconic Savannah landmarks, including Forsyth Park, Jepson Center for the Arts, and Chippewa Square. The Ideal Hospitality Site: Nestled among live oak trees draped in Spanish moss, this property is in a vibrant area teeming with history, culture, and Southern charm. The location's blend of historic allure and modern amenities creates a perfect environment for a boutique or full-scale hotel development.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$167 USD /SF

# OF ROOMS

75

PRICE/ROOM

$86,667 {currency}

CAP RATE

Request Cap Rate

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,794 SF

ZONING

D-CBD

APN/PARCEL ID

20004 40006

ASK ABOUT THIS PROPERTY

Kim LyleBay Street Realty Group | Commercial DivisionMore Info
912-484-1330

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Kim LyleBay Street Realty Group | Commercial DivisionMore Info
912-484-1330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.