NEWS - Residential Real Estate

SBJ Staff Report

Dec 20, 2011 – One of the prime office buildings in Savannah’s historic district, the current offices of Cora Bett Thomas Realty at 24 E. Oglethrope Avenue, went on the market today for $1.2 million.

SunTrust Bank foreclosed on the property in November.  Cora Bett Thomas, owner and broker of the firm, told local media that she had hopes of buying the building back from the bank, but the bank has moved forward with a sale. 

Collier International’s Savannah office is handling the listing for SunTrust, with Ashley W. Smith, SIOR, CCIM, as the listing broker.  Smith said they received he listing last Friday.

“It’s a very nice building,” said Smith, “ideal for many uses, including retail. It’s one of the only buildings in the historic district with 10 parking spots, which really helps.”   Smith said that the building is available immediately.

The 4,528 sq ft. office, which sits on 0.2 acres, was completely renovated in 1997.  It has a prime corner location at Oglethorpe and Drayton Streets, facing south toward the incoming traffic heading downtown.   

Thomas also owns CBT Property Management at 15 E. York Street, in Savannah.