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    111 Martin Luther King Jr Blvd Savannah, GA 31401

    For Sale
    $5,500,000

    Two commercial buildings with retail and office space available for sale.

    Property size:
    21,920 SF
    Lot size:
    0.25 Acres

    Property Features for 111 Martin Luther King Jr Blvd

    General Information

    Size
    21,920 SF
    Lot size
    0.25 Acres

    Source: Colliers - Savannah GA Agent Ashley Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Savannah Commercial Buildings on MLK

    Located on Martin Luther King Jr. Boulevard in Downtown Savannah, these commercial buildings offer approximately 21,920 square feet of retail and office space. Situated in a highly visible area, the properties benefit from a daily traffic count of nearly 15,000 vehicles. The buildings are surrounded by key tourist destinations as well as government and educational institutions. One of the buildings, located at 125 MLK Jr. Blvd, is a two-story building designed for restaurant and retail use. The ground floor is home to Repeal 33, an upscale restaurant known for its trendy cocktails and American cuisine. The second floor is currently vacant, offering additional space for future development. The properties can be sold together or separately.
    Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.097924
    Latitude
    32.079794

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    FAQs

    What type of property is this?
    Conventional restaurant - Two commercial buildings with retail and office space available for sale.
    Where is this conventional restaurant located?
    The property is located at 111 Martin Luther King Jr Blvd Savannah, GA.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - High-visibility location on Martin Luther King Jr. Boulevard with approximately 15,000 vehicles per day.; - Portfolio package offering approximately ±21,920 square feet of retail and office space across two buildings.; - Located in Downtown Savannah, surrounded by key tourist destinations, government, and educational institutions.
    (912) 224-7592
    Request Owner's contact information
    111 Martin Luther King Jr Blvd Savannah, GA 31401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 Martin Luther King Jr Blvd Savannah, GA 31401
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