423 W 42nd St
423 W 42nd St - Incredible Opportunity for Flip Or Short Term Rental
Marketing description
Opportunity is here located in Savannah’s Downtown Historic District, 423 W. 42nd Street is a rare blank slate value-add opportunity with tremendous flexibility and huge upside. With commercial zoning TC-1 the possibilities are HUGE including STVR, Single family home, retail and much more. This 2,448 SF property currently features 3 bedrooms and 3.5 bathrooms and has already undergone significant improvements removing a lot of the heavy lifting including a new roof, updated electrical, partial plumbing, new main line to the city, siding and completed structural work. Original Victorian features remain, offering the chance to blend historic charm with modern design.With approved plans, floating staircase, and some materials included, much of the groundwork is already in place. Located near SCAD and surrounded by ongoing huge redevelopment, this is a prime opportunity to create value in a rapidly growing area. Call today to book a showing and secure this property and start your vision.
Investment highlights
- Prime Downtown Location – Situated in Savannah’s Historic District near SCAD, retail, and dining
- High-Growth Corridor – Surrounded by active redevelopment and new construction next door
- Flexible TC-1 Zoning – Allows for short-term rental, mixed-use, office, or residential use
- Value-Add Opportunity – Ideal for investors looking to create equity through completion and repositioning
- Major Systems Already Addressed – New roof, updated electrical, partial plumbing, and new main line installed
- Structural Work Completed – Significant upfront construction risk already mitigated
- Blank Canvas – Customize layout, design, and finishes to maximize returns
- Strong Exit Strategies – Flip, STR, long-term rental, or mixed-use hold
- Investor-Friendly Price Point – Entry at $499K in a rapidly appreciating area
- Proximity to Demand Drivers – Minutes to SCAD, downtown employment, and tourism hubs
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
