32 N Market St

Investment Highlights

Executive Summary

This iconic property has never been on the open market for sale and owned by the same family since the 1970s. This property is located across East Bay Street from the highly anticipated Union Pier project. It is also adjacent to the new Marriott 50-room timeshare project. Located at the prominent corner of East Bay and North Market Streets, this historic building was originally built as The Church of the Redeemer Chapel and The Harriott Pinckney Home for Seaman on land donated from Ms. Pinckney. After deconsecration in the 1960's, the church building opened as a restaurant and has been one ever since. This is a one of a kind property with long-term leases in place. Tenants include Church and Union, Tempest, Savannah's Candy Kitchen, and a carriage tour company. Financials are available upon request on receipt of a signed NDA.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Restaurant Storefront
• Building Size    11,875
• Building Class    A
• Year Built/Renovated    1916/2000
• Price    15,500,000
• Price Per SF    1,305
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.85
• Land Acres    0.32 AC

• Signage