408 Martin Luther King Boulevard, Savannah, GA 31401
SINGLE_FAMILY - Savannah, GA
- Added:
- Mar 20, 2026
- Days on Market:
- 86
- Last Refresh:
- Jun 13 at 4:06 am
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
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Flooring type
- Hardwood, Concrete, Carpet
- 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 in a prime Savannah location with high foot traffic.
- Versatile space suitable for retail, restaurant, or office use on the ground floor and basement.
- Unfinished upper levels offer redevelopment potential for offices, condos, or short‑term rentals.
- Sweeping views of the Talmadge Bridge, downtown skyline, and church steeples from the rooftop and upper floors.
- Zoned commercial with easy access to I‑16 and the Savannah Visitor Center.
- Building includes a basement and has hardwood, concrete, and carpet flooring.
Overview
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
