408 Martin Luther King Boulevard, Savannah, GA 31401
SINGLE_FAMILY - Savannah, GA
- Added:
- Mar 20, 2026
- Days on Market:
- 100
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 408 Martin Luther King Boulevard
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- BC
- Rooms
- Basement
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 2003136007
- Size
- 14,100 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SOUTH 24 FEET OF LOT 7 AND NORTH 23 FEET OF LOT 8 BERRIEN WARD
- Tax Annual Amount
- 42208
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Flooring type
- Carpet, Hardwood, Concrete
- Building materials
- Brick, Steel, Wood Siding
Listing agent Travis O. Sawyer License #371507 (912) 308-7430
Listing office Brand Name Real Estate, Inc 4 Carriage Lane, Suite 106, Charleston, GA (843) 737-0708
Listing date Mar 20, 2026
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Historic commercial building built in 1900 with brick, steel, and wood siding
- Fully built‑out ground floor and basement plus unfinished upper levels for redevelopment
- Includes electric water heater; heating includes electric and central systems
- Cooling includes central air with electric components
- Flooring includes concrete, hardwood, and carpet
- Public utilities: public water and public sewer; cable available
Overview
The building is zoned BC and is positioned for convenient access to I-16. Public remarks also cite proximity to the Savannah Visitor Center and describe steady foot traffic in the surrounding area. The property is located at 408 Martin Luther King Boulevard, Savannah, GA 31401, on a lot of 0.087 acres, with a total size of 14,100 square feet.
For owners, buyers, or tenants seeking a commercial structure with multiple development paths, this layout supports immediate activation of the ground floor and basement while leaving flexibility upstairs. The BC zoning and the described access points make it suitable for operators exploring a retail, restaurant, or office presence, along with opportunities for phased redevelopment of the unfinished upper levels into additional income-generating spaces such as offices, condos, or short-term rentals.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $279.2k | $19.80 |
| − Vacancy | −$15.4k | −$1.09 |
| EGI | $263.8k | $18.71 |
| − OpEx | −$66.0k | −$4.68 |
| NOI | $197.9k | $14.03 |
Alternative Uses
Current Use by Public Records
Map
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.099465
- Latitude
- 32.073712
