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423 W 42nd St 2,400 SF 100% Leased Retail Building Savannah, GA 31401 $694,458 CAD ($289.36 CAD/SF)
Investment Highlights
- Prime Downtown Location – Situated in Savannah’s Historic District near SCAD, retail, and dining
- Flexible TC-1 Zoning – Allows for short-term rental, mixed-use, office, or residential use
- Major Systems Already Addressed – New roof, updated electrical, partial plumbing, and new main line installed
- High-Growth Corridor – Surrounded by active redevelopment and new construction next door
- Value-Add Opportunity – Ideal for investors looking to create equity through completion and repositioning
- Structural Work Completed – Significant upfront construction risk already mitigated
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,400 SF
Year Built
1954
Price
$694,458 CAD
Price Per SF
$289.36 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.06 AC
Zoning
TC-1
Amenities
- Corner Lot
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2007418001 | Improvements Assessment | $112,690 CAD |
| Land Assessment | $69,390 CAD | Total Assessment | $182,081 CAD |
Property Taxes
Parcel Number
2007418001
Land Assessment
$69,390 CAD
Improvements Assessment
$112,690 CAD
Total Assessment
$182,081 CAD
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423 W 42nd St
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