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925-1303 E President St
Savannah, GA 31404 Hitch Village-Fred Wessels Homes

$30,000,000 USD

Land For Sale  •  19.77 AC

Property Details

  • Property Type Land
  • Lot Size 19.77 AC
  • Zoning D-C Downtown Commercial
30 Transit Score
60 Walk Score

Description

Site Conditions:
• Current elevation: 0–2 ft; fill requirement for vertical is 10 ft with less fill needed for surface parking and streets or podium structures.
• The warehouse that was located on this property has been removed leaving only a clean slab behind.
• Typical coastal soil conditions will require significant upfront site work typical for coastal developments in this area.
• Phase I LDP permit already issued to help maintain drainage, and utilities to the site are available.

Sale Notes:
• The land is offered "as-is" with short due diligence & closing periods and only timing contingency is conceptual site plan approval.
• Pricing guidance is contingent on favorable terms; timing, deposits, commitments.
• The seller's preference is to sell the entire acreage to a single buyer, but will consider subdividing depending on the terms offered.

Highlights

Adjacent to historic district, but exempt from its development restrictions, with direct access to its iconic tree-lined Oglethorpe Avenue.
Strong city support demonstrated by successful rezoning, executed Development Agreement, and past site plan approvals for high-density multi-family.
Access; two signalized intersections, two right-in/right-outs, and the city's planned extension of General McIntosh Blvd across East President Street.
The western 3.5 acres are enrolled in the Brownfield program, and the entire property sits within a Federal Opportunity Zone.
No wetlands and no onsite water detention required as storm water can drain directly into Bilbo Canal, and no flood plain removal mitigation cost.
Publix grocery recently permitted directly across the street in Eastern Wharf's development, and nearby multi-family rents trending around $3/SF.

Public Transportation

Commuter RailDriveWalkDistance
10 min - 4.4 mi
AirportDriveWalkDistance
Savannah/Hilton Head International 20 min - 10.7 mi
Hilton Head 61 min - 38.3 mi
Dan Foley 678-379-6356 Skyline Associates
Dan Foley 678-379-6356 Skyline Associates