111 w bay st, savannah, GA 31401 For Sale

111 West Bay Street, Savannah, GA

Riverfront Restaurant + Retail | $7,490,000

Pro Forma Cap (post lease-up): ~5.86%

Offering Overview

Fee simple interest in a core riverfront position on West Bay Street in Savannah’s Historic District. The asset is anchored by a long-operating national steakhouse with an adjacent 1,153 SF ground-floor retail bay currently vacant and positioned for near-term lease-up. Frontage sits within the River Street hotel/dining corridor, producing stable pedestrian demand and premium brand exposure.

Investment Highlights:

Irreplaceable frontage: High-visibility West Bay Street location steps to River Street

Anchor strength: Established destination dining presence supporting traffic throughout the week

Upside via lease-up: 1,153 SF high-street retail suitable for premium retail/showroom or refined non-vented F&B (subject to approvals)

Operational efficiency: Net-style profile; tenant-responsible utilities and interior maintenance

Competitive insulation: Protective use framework and a constrained supply of true riverfront storefronts

Capital Markets Positioning

Price: $7,490,000

Return: Pro Forma Cap (post lease-up): ~5.86%

Assumptions available under CA; no additional financials marketed publicly.

Process & Access

Comprehensive diligence (rent roll, lease abstracts, recoveries, and operating materials) will be provided upon execution of a Confidentiality Agreement. Tours by appointment only. Please do not disturb the operating restaurant.

Inquiries

Bobby Vermillion — Seabolt Real Estate

[email protected] | 912-509-1000