33 Bull StSavannah, GA 31401

  • Office properties
  • 14,265 SF
For Lease

Property Details for 33 Bull St

Year built
1974
Lot size
0.51 AC
Property size (Sq ft)
14,265 SF
Zone code
BC1
Property type
Office properties
Property subtype
Office buildings
APN
2-0004 -37-010
APU
2000437010

Description

The Truist Building, located at 33 Bull St, Savannah, GA 31401, offers exceptional office, retail, and restaurant spaces in the heart of Savannah's Central Business District (CBD). This iconic five-story, Class A building, totaling 80,893 square feet, underwent a complete renovation in 2024, boasting a refreshed façade, modernized common areas, and secure gated parking. Originally constructed in 1974 and now revitalized, the Truist Building presents a unique opportunity for businesses seeking a prestigious address. Multiple tenancy options are available, with spaces ranging from a minimum of 2,516 square feet to a maximum contiguous space of 11,223 square feet. The building features one elevator and is conveniently located near Congress Street. Ground floor spaces offer a rare advantage: retail and restaurant opportunities with direct views of Johnson Square, Savannah's vibrant financial and professional hub. The building's zoning designation is CBD, and its APN is 20004 37010. This prime location, coupled with the recent extensive renovations, makes the Truist Building an unparalleled investment opportunity in Savannah's dynamic downtown area. Three retail spaces are currently available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,955,906
    6.5%
    $2,728,529
    7%
    $2,533,634
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,275,282
    Geo Method
    $970,163
  • Alternative Use

    Use
    Valuation
    Residential
    $3,383,376
    Hospitality
    $3,099,154
    Educational
    $2,578,460
    Medical
    $2,667,137
    Retail
    $4,010,938
33 Bull St, Savannah, Georgia

Location Insight

City
Savannah
County
Chatham
State
Georgia
Latitude
32.0796
Longitude
-81.0922
CBSA code
42340
CBSA name
SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$1,056,680
$3,352,040
$4,408,720
-
$2,641,700
$8,380,100
$11,021,800

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