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23360731
23360746

38 Montgomery St, Savannah, GA 31401

JS
SC 55385, SC
Charleston Commercial
Charleston Commercial
Listed by Charleston Commercial
$9,550,000
407 days on market
Updated 15 days ago

Anthropologie | Savannah

Details
APN 20016 15006, 20016 15005
Property Type Office, Retail
Sub Type Bar, Storefront (+1)
Square Footage 26,575
Units 5
Cap Rate 6.00%
NOI $570,000
Occupancy 100%
Tenancy Multi
Brand/Tenant anthropologie
Lease Type NNN
Broker Co-Op Yes
Class A
Year Built 1870
Year Renovated 2023
Buildings 2
Stories 4
Zoning General Business
Investment Type Net Lease
Occupancy Date 05/13/2025
Sale Condition 1031 exchange

Office | 6.00% CAP | 26,575 SF

Marketing description

Charleston Commercial, on behalf of ownership, is pleased to exclusively offer Montgomery & Congress. The property is located across the street from Franklin Square situated between the new Water Front development (including the JW Marriott) and W Broughton Street. The fully leased mixed use building features credit, regional and local tenants who have occupied the building 5+ years. This prime location is also directly adjacent to the city market which is an 18th century open-air marketplace and allows easy access for tourists, and locals alike.

Anchored by Anthropologie, and featuring newly extended F&B leases (Bitty and Beau's, The Escape Company) as well as a newly extended office lease to premier architecture firm (LS3P), the opportunity is a true mixed-use asset with upside. With a Walk-Score of 99 (Walkers Paradise), the property co-exists amongst other retailers and restaurants, hotels, schools, parks and other abundant amenities.

Please reach out to learn more.

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Listing Contacts

JS
SC 55385, SC
Charleston Commercial
Charleston Commercial
Listed by Charleston Commercial

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$570,000.00
$47,500.00/mo

Valuation Metrics

0
DSCR
5.97%
Cap Rate
5.97%
ROI

Map

Zoning

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D-CBD MixedMixed UseDowntown Central Business District
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View all 186 uses
View all 186 uses
Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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