215 River StSavannah, GA 31401

Property Details for 215 River St

Year built

1860

Lot size

0.06 AC

Property size (Sq ft)

11,800 SF

Zone code

BB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

2-0004 -11-003

APU

2000411003

Description

This exceptional leasing opportunity presents ±6,202 square feet of commercial space in Savannah's Historic District, situated on River Street near the Lincoln Street Ramp and Bay Street. The property, a beautifully preserved 1860 building, offers a unique blend of traditional and creative office space, spanning three floors (2nd, 3rd, and 4th). With multiple access points from Bay Street, Factors Walk, and River Street, the space provides excellent visibility and accessibility. The building's total area is 11,800 square feet, divided into three suites, with a minimum divisible space of 1,266 square feet. The property sits on a 0.07-acre lot and is classified as a Class B building with five stories, but no elevators. The zoning is D-W (Downtown Waterfront), allowing for a variety of commercial uses, including retail and restaurants. This location benefits from Savannah's robust tourism industry, attracting over 9.7 million overnight visitors annually, generating over $4.4 billion in spending. The area is highly pedestrian-friendly, surrounded by shopping, dining, and planned residential developments, creating a vibrant "live, work, play" environment. Numerous parking options are available nearby. This is a rare chance to secure a prominent space in Savannah's thriving Historic Downtown. The APN is 20004 11003.

• CAP approach

  CAP return

  Valuation

  6%

  $3,031,954

  6.5%

  $2,798,726

  7%

  $2,598,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,635,115

  Geo Method

  $1,243,903

• Alternative Use

  Use

  Valuation

  Residential

  $2,798,726

  Hospitality

  $2,563,618

  Educational

  $2,132,900

  Medical

  $2,206,254

  Retail

  $3,317,845

Location Insight

City

Savannah

County

Chatham

State

Georgia

Latitude

32.0807

Longitude

-81.088

CBSA code

42340

CBSA name

SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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