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301 West Bay Street
Savannah, GA 31401
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| Square Feet: |
27,900 sq. ft. |
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| Attributes: |
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Historic, Downtown |
| Features: |
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Wood Floors |
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Mortgage Estimate:
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Rate: 6.50% | Years: 30
Down Payment: $1,000,000 (20.0%)
Loan: $4,000,000
Payment: $25,283
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301 West Bay Street
With a history dating back to the founding of the Georgia colony, The George Wymberly Jones Derenne Building is for sale for the first time in almost 30 years. Originally built in 1893, by the estate of George Wymberly Jones Derenne, a descendent of Noble Jones, and also the person responsible for planting the allée of live oaks leading to Wormsloe plantation at Isle of Hope, the building at 301 West Bay was built as a warehouse and is presently used as the nightclub Club One, a thriving establishment which is famous for it's relationship with and regular hosting of Midnight in the Garden of Good and Evil star and central movie character The Lady Chablis. Only in Savannah could history be so entwined.
This property has many possibilities. It would make an excellent location on the street level for a National retail chain and is particularly attractive because of the over 60' x 90' freestanding footprint, totaling over 5,400 square feet per floor, which is rare in the downtown Savannah Real Estate Market. On the top floor is an incredible mezzanine space and clearstory with over 2800 square feet of outdoor deck space overlooking the Savannah River with views of the bridge and the city skyline.
This is an exciting opportunity in Savannah’s Landmark Historic District which is on the cusp of achieving a new world stature. Savannah has already received much recognition from many different sources year after year for its urban livability and city plan and is also leading the southeast coast with its strong business climate. Tourism is bounding and the Savannah College of Art and Design has lent sophistication and internationality here due to its upscale savvy degree programs and a remarkable student body which hails from over 80 countries.
Only one block away is one of the most fascinating aspects of the rebirth of Savannah, particularly Savannah’s business district, and that is the Ellis Square project which is under construction and is projected to provide over 1,000 underground parking spaces with a crown jewel on top of a beautiful green and leafy newly designed Ellis Square park along with new hotel space, retail, office and very upscale residential.
With all the developments on the horizon such as Savannah River Landing (breaking ground soon), The Reserve at Savannah Harbor (going vertical), an extended River Walk, our thriving Broughton Street, and around the corner a brand new 1100 space parking garage just opened underneath the soon-to-be landscaped Ellis Square, the time is right to enter the Savannah Real Estate Market and you could not do better than this important Free Standing Historic property on the corner of Bay and Jefferson Street near Savannah’s City Market and the News Place project which is under way. Climb Aboard! Listed at $5 Million including the turn key nightclub business. Call Betty Reiter 912-224-1692 or Ron Melander 912-441-7124 for more information.
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