For Sale

423 W. 42nd Street

Savannah, Ga 31401

$499,000
123
Bedrooms
3
Bathrooms
3.5
Square Ft.
2448

About The Property

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. Read MoreRead Less
Brandon Fargo
Team Lead | Agent
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A Vision Waiting to Be Brought to Life

Where Historic Charm Meets Modern Possibility

Step inside and discover the framework of something extraordinary. With much of the heavy lifting already completed, this property offers a clean slate to design your ideal layout and finishes. Original Victorian elements remain intact, providing character and authenticity, while the planned floating staircase adds a striking architectural focal point. With materials already on site and major systems underway, this is a rare chance to step into a near-ready project and bring your vision to life without starting from scratch.

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Strong Bones. Prime Position. Limitless Potential.

A Property Built for Transformation and Long-Term Value

The exterior of this property is already well on its way to completion, with siding nearly finished and major structural work completed. A brand-new roof and significant infrastructure upgrades provide peace of mind for investors looking to minimize upfront risk. Positioned next to a large townhome development and surrounded by ongoing revitalization, this property sits in the path of growth—making it a strategic investment in one of Savannah’s most active redevelopment corridors.

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In the Heart of Savannah’s Growth Corridor

Minutes from SCAD, Retail, Dining & Downtown Energy

Located in Savannah’s vibrant Downtown Historic District, this property offers unmatched accessibility to SCAD, retail, dining, and cultural hotspots. The surrounding area is undergoing significant redevelopment, bringing new energy, appreciation potential, and long-term value. Whether you're developing for rental income, resale, or a mixed-use concept, this central location positions you at the forefront of Savannah’s continued growth.

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Investment Possibility

A Rare Opportunity to Capitalize on Savannah’s Growth

This property offers multiple high-upside investment strategies in one of Savannah’s fastest-growing areas:

  • Short-Term Vacation Rental (STVR): Projected income exceeding $100,000 annually*
  • Retail / Mixed-Use: Market asking rents above $35/SF and continuing to rise*
  • After Repair Value (ARV): Estimated between $850,000 – $900,000*

With flexible TC-1 zoning and strong market fundamentals, this asset presents a compelling opportunity for investors seeking significant return on investment and long-term appreciation.

Short-Term Vacation Rental (STVR)

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Office Rent

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Retail Rent

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*DISCLAIMER: Rental and market data, including STVR performance, is sourced from third-party providers including BnBcalc and CoStar. Such information is deemed reliable but not guaranteed and has not been independently verified. No representations or warranties, express or implied, are made as to accuracy or completeness. All information is provided for informational purposes only, and prospective investors must conduct their own independent due diligence and verification.

Area Highlights

A quick view of the most influential metrics in the area

$563,886
7
63/37
1,553
Brandon Fargo

Now might be the perfect time to buy!

The area continues to experience strong demand and competitive activity. Whether you're just starting your home search or ready to make an offer, understanding this market will help you make smart, confident decisions.

Average Sale Price (180 days)
$0
+ $0 from the previous 180 day period.
Recent Sales
In the past 180 days there have been 0 home sales in the area.

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