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Mixed-Use Building with Apartment
For Sale
$699,000

1910 Martin Luther King Jr Boulevard, Savannah, GA 31401

Commercial Sale, Savannah, GA

Property Size1,908 SF
Lot Size0.24 Acres
Price / SF$366.35
Days on Market296

Property Features for 1910 Martin Luther King Jr Boulevard

General Information

Property type Commercial Sale
Property subtype Retail
Zoning BC
Bedrooms 1
Bathrooms 2
Full bathrooms 1
Half bathrooms 1
Rooms Bedroom 1, Bathroom 2, Bathroom 1
Fencing Chain Link
Appliances Gas Water Heater, Oven, Refrigerator
Directions 37 street to MLK. Make left property on right
Standard status Active
APN 2006643008
Size 1,908 SF
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description PTS OF LOTS 3 & 4 DUNCAN WD
Tax Annual Amount 3714
Legal Description PTS OF LOTS 3 & 4 DUNCAN WD

Utilities

Sewer type Public Sewer
Heating system Central, Natural Gas
Cooling system Electric, Central Air, Gas (Cooling)
Water source Public

Building Details

Year built 1930
Floors in Building 2
Building materials Brick
Roof type Composition
Listing Agency: Re/Max 1st Choice Realty
Listed By: Tara M. Robinson · License #302905
Added: Jan 6 Changed: Oct 22 Last Checked: Oct 29 at 3:06AM
MLS# SA346306

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.

Rey
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Investment Insights

Based on property information with market context.

This 1,908-square-foot mixed-use property at 1910 Martin Luther King Jr Boulevard has a commercial area on the ground floor and a one-bedroom, one-bathroom apartment upstairs. Brick construction dates to 1930, and the parcel covers 0.235 acres. Public water and sewer serve the property.

The building is in downtown Savannah, Georgia, along Martin Luther King Jr Boulevard. Its commercial and residential components are arranged within the same structure.

Key Highlights

  • 1,908 square feet of building area on a 0.235‑acre parcel
  • One‑bedroom, one‑bathroom apartment above ground‑floor commercial space
  • BC zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$26,526
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,520 $530.5K
Cap Rate 7%
$378,943 $378.9K
Cap Rate 9%
$294,733 $294.7K
Market Conditions
NOI Build-Up for 1,908 SF
Gross rent
$42.4K $22.20/SF
− Vacancy
−$7.0K −$3.66/SF
EGI
$35.4K $18.54/SF
− OpEx
−$8.8K −$4.63/SF
NOI
$26.5K $13.90/SF
Area
Savannah, GA
Vacancy
16.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,520
Cap Rate 7%
$378,943
Cap Rate 9%
$294,733

Alternative Uses

Best Use
Office B
$378.9K
$331.6K – $442.1K (±1% cap)
NOI $26,526 @ 7.0% cap · market cap 3.79%
Second Best
Retail
$309.4K
$270.7K – $361.0K (±1% cap)
NOI $21,659 @ 7.0% cap · market cap 3.10%
Theoretical Best
Warehouse
$1.78M
$1.56M – $2.08M (±1% cap)
NOI $124,820 @ 7.0% cap · market cap 17.86%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Electrical Service Plumbing Service Carpet & Flooring Store Pharmacy Butcher Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

1,691
Businesses Nearby

Demographics for 31401, GA

22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Savannah, GA

13.1% 2019
9.9% 2020
8.7% 2021
8.4% 2022
4.3% 2023
4.9% 2024
3.1% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The brick property pairs ground-floor commercial space with a one-bedroom, one-bathroom apartment above.
Where is this mixed-use property located?
The property is located at 1910 Martin Luther King Jr Boulevard Savannah, GA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,908 square feet of building area on a 0.235‑acre parcel; One‑bedroom, one‑bathroom apartment above ground‑floor commercial space; BC zoning
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