sale summary€¦ · *limited uses: use is permitted in the respective zoning district but may be...

SALE SUMMARY

300 DRAYTON STREETCITY BLOCKAn Offering of Properties300 Drayton Street, Liberty Street Parking Lot, and 123-129 E Liberty Street, Savannah, GA

COLLIERS INTERNATIONAL | SAVANNAH545 E. York Street

Savannah, GA 31401www.colliers.com/savannah

HILARY SHIPLEY, SIORColliers International | Savannah912 662 [email protected]

CLIFF DALES, SIOR Colliers International | Savannah912 662 [email protected]

ASHLEY SMITH, SIOR, CCIMColliers International | Savannah912 662 [email protected]

SALE SUMMARYHighlights• A collection of mixed-use buildings and parking; including restaurant space,

office tenants, residential space, a rooftop terrace, covered and uncovered parking, and vacation rentals

• Prominent location on charming Liberty Street• Surrounded by outstanding local restaurants, flourishing businesses and

specialty retail shopping• High traffic & tourist location: Savannah sees 14 Million+ visitors annually

Abe

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Liberty St

Click HERE to Sign the Confidentiality Agreement and View the Offering Memorandum

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# ADDRESS SIZE TYPE ZONING

1. 300 Drayton Street ±24,141 SF Mixed-Use D-N

2. 300 Drayton Garage ±6,000 SF Parking Garage D-N

3. Liberty Street Lot ±5,200 SF Parking Lot D-N

TOTAL $9,500,000

Offerings can be purchased together for $12,500,000

4 123-129 E Liberty St ±7,560 SF Retail & Vacation Rentals D-N

TOTAL $2,750,000

Also Available

Offering Summary 12

Not Included*

34

*Property is not currently available for purchase. Owner has indicated that he would consider offers.


The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accu-racy, we cannot guarantee it. No responsibility is assumed for any inaccu-racies. Readers are encouraged to consult their professional advisers prior to acting on any of the material contained in this report.



http://colliers-international-savannah.listinglab.com/LibertyDrayton/index.cfm?doLDPage=3

300 Drayton Street (A)• PIN: 20015 33016• Mixed-Use Building Area: 24,141 SF• Year Built: 1927 (Contributing)• Height: 4 Stories

300 Drayton Street Garage (B)• PIN: 20015 33016• Commercial Building Area: 6,000 SF • Year Built: 1927 (Non-Contributing)• Height: 1 Story

111 East Liberty Street (Not in the Offering)

• PIN: 20015 33001A• Commercial Building Area: 6,930 SF • Year Built: 1921• Height: 1 Story

Liberty Street Lot• PIN: 20015 33017• Land Area: 5,200 SF (Vacant)

123-129 East Liberty Street• PIN: 20015 33004• Mixed-Use Building Area: 7,560 SF • Year Built: 1879 (Contributing)• Height: 3 Stories

SBAC building is Not in the OfferingProperty is not currently available for purchase. Owner has indicated that he would consider offers.





NewZo Zoning: D-NDowntown Neighborhood (D-N)

The D-N District is established to accommodate residential, mixed-use and limited commercial development along certain arterial and collector streets that are adjacent to predominantly residential areas within downtown.

Allowed Uses: Downtown Neighborhood (D-N)

Residential• Multi-Family:

Three-family / Four-familyTownhouseStacked TownhouseApartment

*Limited Uses: Use is permitted in the respective zoning district but may be subject to additional use standards. The “Standards” column on the principal use table is a cross-reference to any use standard listed in Article 8.0, Use Standards.

*Special Use Review: Indicates a use that may be permitted in the respective base zoning district only when approved by the Mayor and Aldermen in accordance with the procedures of Sec. 3.10, Special Use Permit. Special uses are subject to all other applicable requirements of the Ordinance, including the additional use standards contained in Article 8.0, Use Standards, except where such use standards are expressly modified by the Mayor and Aldermen as part of the special use approval.

Commercial• Office:

Office, generalOffice, medical

• Retail Sales:Retail, generalArt/photo studio; gallery

• Mixed-Use Residential:Upper story residential

• Eating and Drinking Establishments:Bar; tavern - *Special Use*Restaurant - *Limited Use*

• Lodging:Bed & Breakfast - *Limited Use*Hotel/Motel, 16-74 roomsHotel/Motel, 75 or more rooms *Special Use*Short-term vacation rental *Limited Use*





Current versus NewZO Parking Requirements

• NewZO proposes lower minimum ratios for select uses; offers more substantial reductions in Downtown and Victorian/Streetcar districts

• Core of downtown (generally following Parking Matters “Historic District Business Core” analysis area) allows complete exemption

• NewZO increases distance-based thresholds for parking sharing:

• 1,300 feet in Downtown parking district

• 600 feet for other non-residential• 300 feet for other residential

Large Scale DevelopmentDowntown Neighborhood (D-N)

Development whose combined ground floor footprint is equal to or greater than 9,000 SF within a single parcel, or is four stories or greater in ‘R’ zoning districts or is five-stories or greater in all other zoning districts. In the case of an addition to an existing building, the combined footprint and height of both the existing building and the addition located on the same parcel apply.

Design Restrictions:

Footprint• Building footprints shall not exceed 13,500 SF within the

National Historic Landmark District boundaries.• Multiple buildings, as defined by the Building code, with

building footprints equal to or less than the maximum permitted may be constructed for shared use(s).

Height• Maximum Height: 5 Stories

Property is eligible for a maximum of one-story above the Historic District Height Map (Bonus Story).

Lane Adjacency• Maximum height shall not exceed two stories within 20

feet of a lane when across the lane from an “R” zoning district.

Building Coverage: 75% Max.

Legend Parking Exempt Area

Parking Reduction Area





sale summary€¦ · *limited uses: use is permitted in the respective zoning district but may be...

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