111 Martin Luther King Jr Blvd Savannah, GA 31401

Property Details for 111 Martin Luther King Jr Blvd

Year built

1900

Lot size

0.12 lot acres

Property size

10,880 SF

Zone code

BC

Property type

Retail space

APN

2-0016 -22-003

APU

2001622003

Description

This exceptional investment opportunity presents two adjoining commercial buildings totaling approximately 21,920 square feet in Savannah, Georgia's vibrant downtown. Located on Martin Luther King Jr. Boulevard, this property boasts a highly visible position with nearly 15,000 vehicles passing daily. The buildings, constructed in 1900 and renovated in 1990, offer a blend of retail and office space, currently housing a successful upscale restaurant (Repeal 33) on the ground floor of one building. The second building is currently vacant, providing flexibility for various uses. Each building is two stories, offering a total of approximately 21,920 square feet across both properties. The vacant spaces are adaptable to a range of tenants, from single occupants to multiple businesses. The property's strategic location near key tourist attractions, government buildings, and educational institutions makes it an attractive investment. The asking price for this combined property is $5,500,000, and the buildings can be sold individually or together. This presents a unique chance to acquire a significant commercial presence in a thriving downtown area. The property's size and location offer substantial potential for growth and return on investment. The existing restaurant tenant provides immediate income potential, while the vacant spaces offer opportunities for future development and lease income. The property's history and location in a rapidly developing area make it a compelling investment opportunity.

Location Insight

City

Savannah

County

Chatham

State

Georgia

Longitude

-81.0979

Latitude

32.0798

CBSA code

42340

CBSA name

SAVANNAH, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments