Property profile

340-352 Martin Luther King Jr Blvd Savannah, GA 31401

OFF-MARKET
Retail properties & Spaces
51,952 SF 4 ac lot Built 1922
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Property summary

AI-generated overview

West Broad, a meticulously renovated Class A office building in Savannah, Georgia, presents a unique investment opportunity. This three-story, 51,952 square foot building, constructed in 1922 and extensively renovated in 2019, boasts 17 suites across a full city block. Currently, 48,500 square feet are available for lease, offering flexible spaces ranging from 2,338 to 3,795 square feet. The property features a prime location at 340-352 Martin Luther King Jr Blvd, near the intersection of W Charlton Street, in Chatham County (zip code 31401). Its strategic placement within Savannah's revitalized Westside, close to thriving businesses and cultural attractions like The Grey and the Savannah Children's Museum, ensures high visibility and accessibility. The building benefits from 20 parking spaces and elevators, enhancing tenant convenience. Zoned BC, this property offers significant potential for a variety of retail and office tenants. The building's historic charm, combined with modern upgrades, creates a desirable and functional workspace. The 4-acre site provides ample space and opportunity. This is a rare chance to secure a prominent position in a rapidly developing area of Savannah, capitalizing on significant public and private investments in the surrounding Canal Street District.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1922
Total area 51,952 SF
Lot 4 ac (174,240 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

340-352 Martin Luther King Jr Blvd Savannah, GA 31401
Savannah metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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