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Mixed-Use Building With Restaurant
For Sale
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506 Martin Luther King Jr Blvd, Savannah, GA 31401

Three-story property combines a full-service restaurant with three apartments holding STVR certificates.

Property Size9,900 SF
Days on Market144

Property Features for 506 Martin Luther King Jr Blvd

General Information

Standard status Active
Size 9,900 SF
Property subtype Land, Mixed Use, Retail

Additional Details

Patio Yes

Amenities

courtyard

Building Details

Year Built 1912
Buildings 1
Stories 3
Listing Agency: Keller Williams - Savannah
Listed By: Pam Chance · License #93643
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 12:30AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams - Savannah

Investment Insights

Based on property information with market context.

The offering includes a three-story mixed-use building constructed in 1912, with 3,300 square feet on each floor. A full-service restaurant occupies the main level, while the two upper floors contain three apartments, each supported by an STVR certificate.

The sale also includes an adjoining parcel used as the restaurant’s courtyard and a vacant lot comprising three separate PINs. The vacant land is positioned at the corner of Martin Luther King Jr. Boulevard and Gaston Street, near new luxury apartments and commercial spaces in historic Savannah.

Together, the components provide an operating restaurant, residential accommodations, courtyard space, and additional land within one offering.

Key Highlights

  • Three‑story building constructed in 1912 with 3,300 square feet per floor
  • Main level configured as a full‑service restaurant
  • Three upper‑floor apartments with STVR certificates

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Electrical Service Auto Parts Store Kitchen & Bath Showroom Plumbing Service Veterinary Clinic

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

Location Intelligence

Trade Area within ½ mile

3,442
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three-story property combines a full-service restaurant with three apartments holding STVR certificates.
Where is this mixed-use property located?
The property is located at 506 Martin Luther King Jr Blvd Savannah, GA.
What are key features of this property?
This property features: Three‑story building constructed in 1912 with 3,300 square feet per floor; Main level configured as a full‑service restaurant; Three upper‑floor apartments with STVR certificates
(912) 356-5001 Call to check price and availability
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